The Plan

[ChimpMaster]

Build up experience/doss around -- in your 20's
Earn good money -- 30's
Save -- 30's
Invest -- 30's
Semi-Retire -- 39


Sound good?
Anyone else got a similar plan?

 

[Ardesco]

Build up experience/doss around -- in your early 20's
Earn good money -- in your late 20's
Save -- in your late 20's
Invest -- in your late 20's
Millionaire -- 30's (running out of time for this one tho....)

 

[BlasterBates]

Just need to buy a house.

House prices are rising 20% per annum so you should be millionaire no probs in a few years.


Actually just out of interest what is your semi-retirement defined as ?

Would that be helping out at Tescos on a Saturday afternoon ?

 

[sasguru]

Doss and shag around- teens
Doss and shag around - 20s
Doss and shag around - 30s
Marry rich bint - 35
Doss and shag around - 40s
Doss and shag around - 50s
Doss and shag around - 60s
Doss and shag around - 70s
Doss and shag around - 80s
Die shagging supermodel - 99

HTH

 

[Ardesco]

I already have my property portfolio . However it doesn't calculate into my plans until the mortgages are paid off. I want a million in readies/disposible assets before I classify myself as a millionaire.

 

[DimPrawn]

Oh the great British dream.

You wait until Gordon Brown is at the helm, you'll be working just to pay your tax bill.

 

[ChimpMaster]

Just need to buy a house.

House prices are rising 20% per annum so you should be millionaire no probs in a few years.

Actually just out of interest what is your semi-retirement defined as ?

Would that be helping out at Tescos on a Saturday afternoon ?

House prices are rising at 6% now.

Semi-retirement would mean golf whenever I want and work whenever I choose, could be Tescos on a Saturday or a 1 month contract each year.

 

[ChimpMaster]

I already have my property portfolio . However it doesn't calculate into my plans until the mortgages are paid off. I want a million in readies/disposible assets before I classify myself as a millionaire.

You might want to think of money in terms of cash-flow rather than actual cash in the bank.

E.g. your 5 houses, when mortgage free, would bring in £4,000 / month income. It might take you 10 years to get them mortgage free, but then you're done and can chill out on £4k a month.

Alternatively, £1m in the bank will bring in about the same income.

 

[Ardesco]

I just want to be able to get my statement and see my current balance as a 1 followed by 6 magic 0's and then the deimal point after those 0's.

A pipe dream maybe but something worth aiming for. Hell if it all goes a bit slighty wrong I can alwayd open a Indian Rupee account with Bank of India and transfer money accross to get that magic number appearing on my statement

 

[Andyw]

How old are you Tazman ?