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Don't hope. Plan. Personally, I see myself getting income from net rent, dividends and property development. I haven't gotten my head around living off equity yet. Alex

Yeah, but if you save and invest, especially if you start early, it isn't going to take you 45 years. I know I'm a bit stuck in my profession because changing would mean a big pay cut. Alex

A full time property investor, not a full time property manager. Alex

On the contrary. If you're happy with your goal, stick with it. There is no 'correct' level to these goals: if it makes you happy, it's a good goal. I feel jealous towards those who are truly happy on what I would call a low income, because I don't have the same mental peace. You may not want...

No, poor me. Because I'm not easily satisfied. I would probably be a lot happier if I was content to live on $50k a year. You have your goals, I have mine. I hope we both achieve what we aim for. Alex

HA888, I plan to quit my job in my 30s and have enough assets and passive income to be truly financially free by 40. I'm not benchmarking 99% of the population anyway. To be brutally honest, if I wanted to live like 90% of the population, I could 'retire' now. If you were content to live like...

Daniel, do you like your field that much? I think most of us use the word 'retirement' interchangeably with 'financially free' anyway. Alex

Think bigger, Tony. Seriously. You can't achieve a goal unless you can imagine it first. Aim high, aim big. Even if you don't make it, you'll do better than if you hadn't aimed that high. I'm guessing you're in your 40s? Alex

One assumes there's a difference between people who retire because they choose to do so, and presumably have greater resources than ordinary people, and people who retire because they are FORCED to (as people who retire at 65 often are). If you are forced to retire, you don't know what to do...

Precisely. It's like someone who is used to driving a sports car. Are they likely to suddenly change to a little 1.5L because with careful use it'll last forever? Alex

I view investment as a way for me to be able to do what I want to do, instead of what I have to do to make money. If your job happens to be what you actually want to do, Leilah, congratulations. Enjoy it. You have something most of us never will. Alex

The scary thing is, I don't think Dazz is taking the p*ss. That man plays with some impressive gross figures, he does. Alex

There is a cost to anything that is guaranteed. With only a term deposit you're guaranteed to have a crap lifestyle if you start 'retiring' too early, because of the lack of capital appreciation. Alex

I'm assuming HA888 is saying with a 1.25m term deposit, he would get around 90k of interest, and he would only spend say 60k. The rest gets put back into the term deposit to allow for inflation. Though I personally don't think like that. We use shares and property to build wealth faster than...

You're going to need more, HA888. Your expenses are going to increase. Alex

I don't plan to retire, as such. I just plan to switch from full time work to full time investing, then part time invest, then investing as much or as little as I want. Alex