50k-100k for a mortgage deposit to by my own appartment.
What is "making it" to you?
That's a pretty shitty exit strategy. I'll tell you how to make it user.
180K salary means the government will lend you up to $1.5M to buy a 4 plex.
Buy one in a city with decent demographics that allows you to build an ADU. So now you have 5 units but can use FHA financing still.
Then, get an RV permit and park an RV on it. Now you have 6 units.
So now you are in Portland in a favorable area with strong populatiom growth, appreciaton, etc.. Extremely cash flow positive on a 6plex with little money down.
Put the ADU on Airbnb, rent the original 4 units out regular highly qualified tenants, and the RV on Airbnb (or live in it yourself).
Now suddenly your property is rising 5% a year ($75K), and you more than enough cash flow to live on.
it depends how much a slave costs
Atleast no niggers right?
Oh yeah and I forgot to mention, you can be on welfare while doing this.
Doesn't S&P500 have 3-5%
i put it in dollars cos this is an Ameri board
figures are actually in £
here's how S&P 500 tracker has performed in the past 5 years
$1MM is how I define it talking to others.
But my number is more like $5MM
That would be enough. At least it used to. But this whole monetary paradigm shift has got me trying to redefine what made it status actually is.
Like, what's the use of being a dollar millionaire if the dollar goes to shit? These are strange times to be in. The very definition of wealth is in question.