Anyone retired early solely from property or shares?

It would be really helpful to me and the community on PC if we could get success stories from people who've retired early from AUSTRALIAN PROPERTY or SHARES

• how you did it
• what and where you bought
• how long it took
• when/age you retired
• how much passive income you're living off
• did you do it with/without kids etc.

Numbers would really help to give it context.

Have seen threads from some claiming to be financially free, but aren't really ie they're still running a side business to make ends meet. Then there are others who retired early but living off a meagre amount (true to the FIRE mantra), and some who retired principally on the back of lucrative businesses. Then we have the usual US prop proponents....all interesting reading but not overly relatable to the journey of the majority.

For most of us mere mortals who seek a very comfortable early retirement with a minimum passive income of say, $80-100K plus (assuming a fully paid off house), I personally haven't found too many examples on this site.

Maybe there aren't many who've done it - I'm not sure. Would love to hear their story though if they did.

Anyone out there?

 

set up a survey and you will see how many earn
$100k pm

 

What do you mean by early, at 20, 30, 40, 50, ...?

 

Earlier than 50 would be good

 

Your premise is that everyone’s idea of retirement is the same.
anyone who has the ability to build a passive income stream of that amount has found a formula that works for them.
The idea of true retirement would be death, if you build a passive income income of $80-$100k per month.
The formula is simple and can be taught, but the perseverance required to achieve this, means that they love doing it and would not stop while they had their health.

 

Guys im pretty sure OP means 100k p.a.

Not per month.

 

I'm on -$50k a year, does that count?

 

Yes 100K pa not per month

 

OK. It's a little skinny if one wants to throw in healthy bouts of international travel though.

 

Counts me out .

Oh well, I will go back to my aggressive retirement living, funded by my passive investments .

TBH, it is a lot easier to retire early today than it was when I started my investment journey 40 years ago .

So, I think we will see more and more people becoming financially independent in say their 40’s (I prefer that term to ‘retire early’) in the future than in the past.

 

I think you might have missed the "-" in my post.

 

Earlier than 9pm

 

I think the key here is how much money you have been able to make and invest that will determine if its possible. So if some how you have $10mill to invest in shares / property at the age of 20 and you can live on $100k a year. Then sure its more than possible.

So I am 38 with 2 kids. I have accumulated significant wealth over the past 10 years or so from running businesses and also dabbling in a few property developments. I have invested the income I have earnt from work and the property developments into shares & direct property / property trusts.

Am I retired? No. Could I retire if I wanted? Yes. Why have I not retired? Firstly my annual spend is high. So what might be enough passive income for one person might not be enough for the next. Second of all I am a doomsday prepare when it comes to finances. What if the market has a major crash tomorrow and the passive income stream was to reduce by 50%. So I want to build in a 50% drop in income buffer scenario.

Now I am not far from that situation. Will I retire? Probably not. While my work can be highly stressful at times, I still have great flexibility and earning capacity. I also get bored easily and if retired I would probably go crazy.

 

Just from my own and ppl i know and their experiences.

Not retired but i am financially free. Love to bits what I do anyway so rarely feels like work. It's really not as complicated as many think it is. It just depends how committed one is and ppls levels of commitment varies greeeeeatly. Also imho mindset plays a huge part .

Starting young absolutely helps big time no doubt about it. Many ways to get there . RE. Shares. Business etc. I honestly don't think 'the way' is the challenge but more so persevering to find what works for you. I did it mostly though RE and starting very early . 18.

Really the formulae is simple . Work your ass off with income , invest in your chosen vehicle and become an 'expert' with the vehicle you decide to use. Network with other successful investors , rince and repeat . With some 'luck' and loooots of hard work and sacrifcies you should eventually get there .

But the later you start and the shorter amount of time you give yourself to reach your goals the more exponentially difficult it becomes to hit your target .

 

I have a neighbour who recently hit 80 and is complaining that his kids want him to retire. His response is XYZ is almost 90 and still working his butt off finding sites and getting them built. Why should I stop?

 

Agree, I could never live like many of the FIRE types. I don’t want to have to worry about what we spend. Many underestimate what obstacles can arise in life which you @kierank know all too well. Being in a position of being able to afford to seek the best help / resources needed to deal with major unforeseen events is a huge comfort.

But as usual we’re all different.

 

He he yes, unfortunately my nervous disposition means I need the to do same to sleep well at night.

 

Yet you gotta feel for this young guy, 14 properties under his belt and only just bought his first ppor.

If he hasn't lived in any of his IP's, he might have qualified for the FHBG too (but I think he is above the threshold).