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12 June 2016 | 17 replies
Buy a subway, pay franchise fees and taxes and a mortgage and employees and social security and welfare tax and have to pass health code inspections and pay for supplies you may or may not be able to sell and pay insurance and the list could go on forever.
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13 June 2016 | 7 replies
Then (hopefully in 5 years) when we make what the higher earner makes in a year (factoring in health care and other add on costs) the other quits to focus full time.
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13 June 2016 | 3 replies
I work full time as a corporate sales rep and also have a health and fitness/coaching business on the side.
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15 June 2016 | 7 replies
Outside of that, my main interests are health, reading, and traveling.
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14 June 2016 | 2 replies
I like to read those success stories which give me mental strength to move forwardAt the mean time, I could not able to invest due to my work and I am planning to start doing next year.
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14 June 2016 | 4 replies
You seem not to have the dream home mentality anymore?
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17 June 2016 | 18 replies
Also just want to say thank you for responding about my daughters health.
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14 June 2016 | 4 replies
Everyone else needs to accumulate wealth at a faster rate than previous generations and owning a personal residence is not the appropriate vehicle for that, unless it fits within your plan.DIY RetirementStep 1: Passive income pays mortgage on personal residence (Social Security Replacement)Step 2: Passive income replaces W2 income (Pension Replacement)Step 3: Accumulate other wealth to leave to heirs (Legacy wealth)If you can get to step 2 while still being employed then you can retire at anytime.The old mentality was work until 62-65 and save 2 million for retirement, and live off of the interest of $100k per year.
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15 June 2016 | 11 replies
I have started with that mentality but haven't seen any properties that sellers are willing to part with under worst case assumptions.
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16 June 2016 | 4 replies
You're right in that there's a mental shift that takes place.