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Ditto....I worked my figure on the life I want to live not just exist....otherwise why invest! Based on Dazz's comments that his parents live on $38K and lieve an unrestricted life...I could retire today. But where is the fun in that.....I love to travel.....go to fine...

I should elaborate..... $10m in property gross with 70% equity and 30% borrowed ($3M) Returns is about 5% gross...assuming 6.5% interest only...the interest bill is $185K. Assume 30 properties with holding costs (mmgt fees, rates, insurance, etc.) at $4k per property for total of 120K...

Technically I am a millionaire....but mentally I don't feel like one..... I think being a millionaire is different for everyone. Most people think $1m is not a lot of money...but very people are worth is....even today because a lot it is debt. My target is $7m net...with an income of 200K...