My financial planner recently told me that to reach my retirement goal of having $2K per week to live off I needed to save $70K per year for the next 25 year. (I was 40 then, I'm 41 today so that number has already jumped, the plan was based on retiring at 65 live (not 55 like I want) and wrapping everything up by 90). There are some goals and objectives down a little lower if you want to jump to that..At the very second she said this I froze with fear, through the head back, told all the kids to leave home, sent the wife down the mine shaft to earn some money and some other irrational thoughts. We then broke this down into some manageable chunks, which obviously led us to property investing (the share market had not played nicely with us we got in just before the GFC and still haven't broken even, we just let that problem child live in the attic, time will resolve that one). We have our selves in a pretty good position, house worth over $750K, no mortgage, reasonable income, only one of the kids left at home, and a little bit of debt against the before mentioned problem child. Having worked with the same Financial planner for years we have all of our insurances and protection in place so now is the time to get serious about some property investing. I've read a heap of threads on here over the last month or so and have already increased my knowledge and more importantly started asking my self and other some tough questions. The Accountant got the 20 question phone call earlier this week and provided clear direction and responses she PASSED the test, my FP is great she can stay, my Mortgage brokers seems good, my next meeting with her will be interesting, by then it will be 50 questions. I have introduced some work colleagues and friends to my net work, like minded and balanced, and have a reliable developer I can call on at anytime for advise direction and as a sounding board. I think I have a solid network to use and ensure I make the right decisions relating to purchasing, ownership models, taxation and accounting, and long term financial impact assessments. I have been intrigued with the commentary on buyer advocates/buyer agents and will need to explore this further before I add one to the support crew. Goals and Objectives (this is my excitement part) To be able to retire in 15 years on $2k per week. Own a multi million dollar property investment portfolio Plan A) By a brand new house in my local area (the sub divided land behind my house), get it at the right price hopefully sub $600K hold for 7-10 years, extract the equity out of it and reinvest in future properties. (time frame 6-9 months) Plan B) by a large block of land that is zoned for subdivision (don't care is GRZ1 or NRZ in Vic), hopefully something I can spend some $$$ on the improve the main residency to the value of the total parcel, then subdivide the back and either build or sell off for profit. (time frame 6-12 months) Plan A & B are interchangeable based on timing. Anyway, I hope to keep reading some of the awesome feedback, advise, stories that everyone keeps posting.