Apparently you need 2mil worth of IP for a comfortable retirement. Is anyone there yet?

It becomes expensive when you factor in health insurance, visas/visa runs, international schools etc. plus foreigners are charged a foreigner rate for most things

 

Just to be clear, the only LOE model I'd entertain is one where you can somehow extract enough funds to last you a potential lifetime (or till you're safe) via an upfront cashout/s. Not one that relies on you going to the bank each and every year.

 

And that is the only model that could work, provided you have enough serviceability to get a loan before you exist the job.

 

that is not a real world comparison at all.

if you take the cheapest loaf of bread in china you wont even feed it too your dog, eggs are fake, noodles are not noodles. living in asia you will not eat the cheapest product and live in the cheapest area, because its just not possible if you are used to australia. any australian slump is x10 maybe 1000x nicer than an asian slump.

are you ready for that ?? i dont think so..

maybe in bangkok (getting difficult) or bali, but not Kl,jakarta, delhi, shanghai or singapore (technically a 1stworld) or

 

sorry I got to ask do you even know what you are talking about ?

 

Its been a long time between drinks

..... but $2 million today.... that’s 1 property in Sydney

 

Buys you the front porch and home office of a new semi in Bondi

 

Lady & Gentleman, for someone who still lags F-A-A-A-A-R-R-R-R behind in this game, your success is making me green with envy

 

$2m of property with 80% loan is not something to retire on. Even $2m debt free that produces 3% net income will see one person live off $50K a year.

 

Totally agreed. Better to redefine how much you have to qualify retirement. Instead, how much cash you can spend to allow a comfortable retirement. So, if one need to generate $85k/year, doesn't matter it is from Bitcoin or selling cattle.

 

If I had $50k and my wife had $50k and our PPOR was paid off, it would be plenty for us!

 

Just get started and chip away

Read this for inspiration, an oldie but a goodie
His worth much more today

woke up a millionaire

 

2mil+ equality at 80%+ LVR would be a very nice problem to have right now!

 

Yeah good point. Post-APRA, even a modest portfolio is hard to build these days. I'm lucky I got in before things went to hell.

 

Me too. I think 50k is plenty. The only problem is as you get older it definitely wouldn't be due to health issues etc. But I think most of us who know how to manage money would be able to get by comfortably on 50k.

 

Agree. With young kids & aged parents to support.... until the day my loans show $0 balance, I'd still have to work my guts out for many more years before I can declare "comfortable retirement".

 

Not a measuring competition my friend. Invest according to your own goals and risk tolerance and over time you'll do well

 

Nah. It's not a measuring competition. It's just my unique way of saying you guys are my role models

 

In fact, I had already instructed my sons : "whatever daddy can't fulfil , you guys take over and accomplish them when you grow up ." passing on the legacy ....

 

Come to one of our meetups mate if you get the free time to. Will buy ya a beer and have a great chat.


* Just realised your interest Melb....