Hello to all and thanks in advance. I'll make it short and simple. Scared but can't wait. Been looking at rvs, already own a yacht. Started out looking to retire by 55 but things have went well and been very smart with my money over the last 10 years. I could keep working, adding to my income without much effort. Not sure if the money is all that important now.
I'm 44, business owner and burnt out after 18 years. Definitely affecting my health and mental state. Already ruined my marriage. Seriously considering retiring within 6 months. I have two employees that want to buy the business. 90% owner financing which scares me a little but doable. Should I go for it?
Income
14500.00 rental per month
10 to 15k per month salary
Payment from selling 12850.00 per month for 10 years
200k in savings
2.5 million in assets
Payments per month
Combined 7k
Easily could get it to half that in less that a year
I'm 44, business owner and burnt out after 18 years. Definitely affecting my health and mental state. Already ruined my marriage. Seriously considering retiring within 6 months. I have two employees that want to buy the business. 90% owner financing which scares me a little but doable. Should I go for it?
Income
14500.00 rental per month
10 to 15k per month salary
Payment from selling 12850.00 per month for 10 years
200k in savings
2.5 million in assets
Payments per month
Combined 7k
Easily could get it to half that in less that a year