All Forum Posts by: Chris Thomas

Well everyone whose responded obviously has a different method. For me, there has to be a balance of life, retirement, and business building. My wife will sacrifice for success, but she will not live like a pauper. She's done it somewhat before and wasn't a fan. So that's going to give me a fixed amount to use once I factor in living expenses (practically no debt) and "spending money". That should have us saving roughly 50% of our income. And yes I will continue to invest in the traditional accounts but will shift a few more resources toward REI. I have around 10yrs before my kids graduate from high school. At that point I'd love to have a RE business established that they can jump into, and by the time I retire I'd love to have 500+ units to carry us through our golden years which they can completely take over and grow even more when we are gone. I think one of my biggest goals is for my children to have to spend limited time as an employee. I never want their earning potential/futures in the hands of others like 99% of ours are.

@Janelle Groenhout

Currently we are in a similar situation. We put 7-9% in 401k, Max Roth's, add a little extra to 401k Roth, contribute to 529's, and have every ounce of insurance we can muster, plus add a couple grand per month to the REI fund..... but sometimes I wonder if I shouldn't just go all in on REI.... 🤔

@Ashish Acharya

True but for many here, I assume real estate is probably their retirement plan over the markets... and unless they have unlimited resources, they may be investing in only one of these paths. ConsIderIng the avg Income In amerIca Is 50k, It gets tough for many to max out retitement accounts AND Invest In real estate. I’d just love to know how many are putting all their eggs in the real estate basket.🤔

On this forum it’s obvious that most are either investing, or want to invest, in real estate. But I often wonder, of those who invest, how many are still pumping money into Roth’s, 401k’s, and the like? I wrestle with this constantly as I save to buy our first 4-plex. Stay diversified or go all in? Believe in the stock market, or believe whole heartedly in real estate? What say you?

I’ve watched many of his podcast, and even though he’s made some good points, something just seemed off. I’ll follow a mix of Kiyosaki and Ramsey’s words all day, but this guy was just....(***skin crawling***)