How To Retire 240% Faster?

So the last 10 years we've dug in into residential real estate and it's been great for us and it brought us to this area and we're grateful for that business because it allowed us to see the light and get us to where we're at. But it is not a passive, very active business. We're always buying, selling, flipping, renovating properties. So the goal with these larger assets is to be able to hire professional third party managers, no clogged toilet calls if you own any single-family, two families, three families, four family rentals.

And you're still playing landlord, we don't want to do that, right? So we have professional third party management economies of scale allow us to afford those and then mailbox money. Warren Buffett said that if you don't find a way to make money while you sleep, you will work until you die. So we are really interested in how this relates to retirement. So the average mutual fund over the last 20 years has been returning 4.67% before fees.

What you're paying in fees and how that affects your retirement account, what the cost of those fees are over a 20-year period of time. So if you just take a 5% return versus 12% over the same period of time until we're ready to retire it will allow us to retire with the same amount, 2.4 times or 240% faster or at a later time of 240% more. Right? So it just allows us to get there and take control of our retirement that much faster. If you extend that metric out to 30 years, you're looking at the average mutual fund as a return 3.66% before fees, making that metric even more devastating to your retirement. So my dad passed away about five years ago and he lost about 40% of his wealth in stocks, bonds, mutual funds before he passed.

He did not live long enough for them to watch the market rebound. So for us, being able to control those assets and control what returns we're getting and not pass that off to a mutual fund manager that I've never met has been a really big deal. So controlling our retirement for me watching that happen has been really important.

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