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Updated over 7 years ago on . Most recent reply

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9
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Austin Rose
  • Bryn Athyn, PA
4
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9
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Am I Crazy? (A Path to Financial Freedom)

Austin Rose
  • Bryn Athyn, PA
Posted

The other day I sat down, and in about 30-45 minutes I had whipped up this plan. I was simply conjuring a hypothetical as I tried to close the gap between year 1 and year 10, but it's gotten me really excited about the prospect of actually turning the idea into a reality! I'm posting here to hopefully hear your thoughts, feedback, hesitations, or simply to generate discussion.

The $120,000/year number is somewhat arbitrary... At this point in my life it's hard for me to tell what kind of annual income I'd be comfortable living off of while still pursuing my own interests and business ideas. If you simply took the time even just to look this over I appreciate it!

Also, PD = Police Department. I apologize for areas of poor handwriting, I did not originally plan on sharing this.

Most Popular Reply

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1,119
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686
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Terry Lao
  • Professional
  • Anaheim, CA
686
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1,119
Posts
Terry Lao
  • Professional
  • Anaheim, CA
Replied

@Austin Rose

Your 2027 goal will run into the below cycle. That's why I believe in buy, hold, and sell strategy. If you can time cycle, then sell high or near high, wait, and buy again on low cycle. then you can have twice as many units, if markets lose 50% on recession. 

Terry

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