How much is "make it"? 1 million, 10 million?
How much is "make it"? 1 million, 10 million?
10 for me
1 mil half goes to the tax man, buy a house u are done.
15
5
German here. For me it's 2 million Euros, that would be easy mode. With 1 million you'd have to buy a modest, probably old home for
Depends on where you want to live, user. You need to own your home outright and have enough to live on for life without ever working again. In some places that could be 1 million. In others it would be more.
Also live in germany, i go for 5 Mill and not working again, some rentals and investments
I'm 37 so let's say I live to 87
easy mode:
50 * 60k per year = 3 mill
+ 90k to pay off my flat
never worry about working, could pay sister's mortgage and debts, give fat stack to parents.
medium mode:
1 mill to buy 8 properties at about 100k each, 90k to pay off my flat, 110k for renovations and nice things. each property brings in say 750 per month = 6k monthly till end of time.
slightly more hassle dealing with tennants but also never havce to worry about working.
hard mode:
90k to pay off my flat and 10k to buy a shiny new car would mean i need to keep working but i'd be under a lot less pressure in terms of budgetting for things.
8M.