Arif
Full time employment: Posting here.
- Joined
- Jun 21, 2005
- Messages
- 761
I'm sure this is not a new book but I had some time to kill today and stopped by the book store and looked through "How to retire early and live well on less than a million dollars." Some of the things he said were very interesting, specifically the high allocation of real estate in a portfolio if it's self managed. One thing I found almost scary was that he was advocating "a 10% return can be done with no problem and a relatively large income can be generated from it." SO for instance if someone had 600k they could pull out 60k per year. Although I was just skimming through it I don't think he ever mentioned the effects of inflation in enough detail as to what it would do to your port. Anyone else read this book? Thoughts?