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Hi Oscar, to you, what does financial freedom mean? I need some goal posts I can use as a benchmarkI have now obtained financial freedom for my wife and I. It feels very good to achieve that. After a good break I will take on another corporate role (asset) in the new year, and enjoy the intellectual stimulation while making more income from my investments and my work. I have started running again, and god willing, will have many more options in the future for an abundant life.
cheers everyone
......The journey continues and life takes a new path. The above was posted in February this year, and not 8 months later, I have more than 5 million reasons to smile.
The growth this time came partially from asset growth (property, shares both local and international), but mostly from kicking in my JOB and accepting a golden handshake.
I have now obtained financial freedom for my wife and I. It feels very good to achieve that. After a good break I will take on another corporate role (asset) in the new year, and enjoy the intellectual stimulation while making more income from my investments and my work. I have started running again, and god willing, will have many more options in the future for an abundant life.
cheers everyone
Brady - I'd rather not go through all the details.
One example are properties I bought in Randwick/Clovelly for approx $1.4MM now worth approx $2.6MM, so that's $1.2MM of equity created from thin air. Similar examples at different scales with Australian shares, US stocks, US property etc.. Also savings from cash bonuses and stock options from the JOB.
It's a combination of many factors, mainly, spending less than I earn and conservative investing over a long period of time with a long term buy and hold mentality.
Hi Oscar, to you, what does financial freedom mean? I need some goal posts I can use as a benchmark
Hi Oscar, to you, what does financial freedom mean? I need some goal posts I can use as a benchmark
What would you be setting for yourself nek? For me it used to be 1:1 income replacement from passive income so I could surf and hang with my kids instead of work. My goals have shifted considerable over the last few yrs as I realise the magnitude of what is actually possible.
Awesome going Oscar.
Maybe time to revive the "lick the marshmallow" thread too
The Y-man
Hi Oscar, to you, what does financial freedom mean? I need some goal posts I can use as a benchmark
A fully owned house and passive income of 100k per year, indexed to inflation forever.
If you want to live in Sydney this would currently mean a minimum net worth of 5 mil. A median priced house 1.5mil to 2 mil plus 3 mil of investable, income generating assets. I assume around a 3 per cent return per year.