Yup. An older dude is gonna hang out at family functions and watch his grandkids and talk shyt with his nephews and the other old heads he came up with, he’s not about to be spending his money in the club lol.
You only need to make about $1800 a month to retire
- Thread starter OfTheCross
- Start date
He talked about chicks putting down less than 20% which triggers a higher interest rate, He factored in life events kids, temporary loss of jobs student loan debt, But you'd have to see the video
Starting off broke and poor once I moved out taught me a lot of life lessons on how to navigate adulthood with little to no money. I could def pull it off especially now since I have a tenant with rental income coming in to pair with SS once I hit retirement age. Hopefully we can add 3 or 4 more additional properties to our portfolio to be able to able to stack a bunch of chips without doing much in the way of work.
Doable depending on the state. Here in Miami assuming your house is paid off and you’re at a point that you’re no longer paying property tax $1800 could work.
I’m also assuming that you have some type of emergency fund put aside and not paying for a car.
I’m also assuming that you have some type of emergency fund put aside and not paying for a car.
Hopefully no one damages your house.
The problem with renting to low income people is they tend to have bad ass kids. Now renting to a retired person is a good investment (as long as they have the money for rent)
Kings County
Law III | Law XXV | Law XV
America is run so terribly and inefficiently
there's literally minor changes that we can set in place to make the next 10 years so much more easier for the people who need it
there's literally minor changes that we can set in place to make the next 10 years so much more easier for the people who need it
Kyle C. Barker
Migos VERZUZ Mahalia Jackson
It's not that simple and it's somewhat costly. Medicare parts A and B are somewhat cheap but to get parts C and D you may have to pay a good bit especially if you made descent money throughout your working career.
I bring up parts C and D since they provide the benefits that most working adults became accustomed to with employment provided health insurance.
dr. pill biden
All Star
what about the costs of homeownership and maintenance shyt? or i guess when you’re old you’d be in a paid off condo and have the association do it for you?
You're right but I think the government is gonna basically throw money at those oldsters to keep them voting.
I think that adjusted for inflation prices for basic health care won't rise exponentially, besides even now people are getting good care overseas for much cheaper prices.
Modern houses while more energy effiencient cost more to maintain. A solidly built brick house will last, because an old ass person may not care that the mantlepiece is loose.
Also retirement communities can get subsides from the government and those rents and association fees can be pooled to make it cheap enough to cover major condo repairs.
R.E.N. Spells Ren
Veteran
Link to said “masterful” breakdown?
A chick making 50k/year wouldn’t even gross 3.5 Million in 30 years, how could she spend that much on the house?
Hey I'm telling you what he said I posted video. The breakdown could be masterful without the numbers being corect.
Ai yi yi. My bad I think homie said that she'll make around 3.5 million and spend 1.5 on the house, but I'm going off memory.
R.E.N. Spells Ren
Veteran
bourgeoisie tall freak
Superstar
Im trying to retire at 45. Got a car paid for, home almost paid off. The thing is it seems like most people are barely getting a mortgage by the time they are 45. Do the math.. .you gonna need more money at retirement age if you wait that long to get your shyt together