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Updated almost 6 years ago on . Most recent reply

User Stats

34
Posts
8
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Kayla Elliott
  • Foothill Ranch, CA
8
Votes |
34
Posts

Changing the Retirement Mindset

Kayla Elliott
  • Foothill Ranch, CA
Posted

How does one get past the idea of NOT having a traditional retirement account and into the mentality of leaning on rentals to consistently bring in cash flow? Grew up in a traditional household and trying to break free of the panic that sets in realizing I won't have actual retirement bank account with cash in them but will have assets that churn positive cash flow. So scary emotionally even if logically the moves totally make sense! 

Most Popular Reply

User Stats

199
Posts
186
Votes
Heath M.
  • Rental Property Investor
  • Chattanooga, TN
186
Votes |
199
Posts
Heath M.
  • Rental Property Investor
  • Chattanooga, TN
Replied

I agree with above.  And in my case, I've got a small pension, 401k, IRAs and real estate.  My thoughts were at least 1 isn't going to pan out so I needed a back up and then a back up for the back up.  My goal is to replace 1/2 my W2 monthly income with rental income by my retirement.  And I should be able to replace all my W2 income with retirement savings (mix of my pension, 401k and IRAs).  That's my goal at least...

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