If I own 2 houses and 500k can I make it?

If I own 2 houses and 500k can I make it?

How much more do I have to go?

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Sell one of the homes.

nice larp

I assume those are rental properties?
What's the mortage and how much are you renting them out for?

I inherited 2 houses. One I live in and one I can rent.
The rental is 300k. I could rent for $1000/month.

>tfw have 2 houses 60% paid off but only 15k crypto
If I could get to 500k, id be set for life.

How so

lol if you don't have $10 mil in the bank don't even dream about retiring

$4m with 4% interest rule will allow you $160k / yr to live on

>what is inflation

It's not 4m...

160k per year, even considering inflation, is huge

My goal is 6mil. I can def hit that goal in 40 years but I hope to do it sooner.

In 10 years that 160k is gonna be worth 50k

that 4 mil will be going up in value since you're only touching a piece of the interest while the rest of the gains + principle remains intact.

lmao no
that 4mil is gonna be 1mil thanks to inflation

You could just reinvest an amount equivalent to the inflation each yeah.
I recommend growth based index funds, over the last 118 years the average growth rate of these has been approximately 10.8 percent, which is approximately 7.1 percent after inflation has been factored in.

The best part is that you don't pay tax on any gains other than the amount you pull out to supply your passive income because index funds are passively managed, meaning that they don't trade very much, producing a taxable amount roughly equivalent to less than 1 percent of the total investment each year.

In other words, if you did have 4 million then it would be like this.
10 percent of 4 million = 400k per year growth
After inflation = 7 percent of 4 million, 280k approx growth per year
Tax - less than 1 percent of 4 million =

do you know how appreciation works? Just look up the model that lead to the 4% rule.

Your stupid, the 4 percent rule factors inflation in.
The rule is "Generate 4 percent growth minimum AFTER factoring for inflation".
Idiot.

I wish I had that much...

I think you can retire

Buy BTC.

depends if you're happy or not

>4% after inflation
lmao keep dreaming