Here is the calculation:
WHAT YOUR NUMBER??? ( retirement)
DESIRED INCOME (DI) = ( the amount of money you hope to have every month when you retired)
CUrrent AGE (CA) =
RETirement AGE (RA)=
Passing ON AGE (POA) = ( when you will go HOLLAND)
Pension fund = (POA -RA) x DI x 12 = annually
Example:
DI = 10 k /month
CA = 30 yrs old
RA = 60 yrs old
POA = 80 yrs old ( when you expected to dead)
My pension fund will be = (80 - 60) *10 000 *12 = 2,4000, 000 = 2.4 million
In order to achieve this, I can leverage on property.
Let use back the part 1 formula:
DI x 12 x100% = 8%
Property $
Property $ = 1,500, 000 = 1.5 million
By using property, I just need to have 1.5 million instead of 2.4 million.
Further more, when you buy property, you just have to pay 10%, 90% pay by bank.
So, 10 % of 1.5 million is just 150 k.
Now the number chop to smaller pieces and the number is more achievable.
So start NOW and INVEST in property.
I am still looking for good property to invest which can give me 8%. If you have any LUBANG, kindly let me know.
Let's achieve financial freedom together.
Any thought? Let's share together.