moganesi
Confused about dryer sheets
Hi, I am 45 years old male, I have around $750000 cash,
and $5800 monthly pension. My monthly spending today are
around $3000. I own my condo (no mortgage). No kids.(there is no one to leave money so I can spend it all). after 65 years old my pension will be around $2000(today's money).
After reading The Work Less, Live More by Robert Clyatt
I have following plan:
buy investment property in Los Angeles area for my cash ($650000 no mortgage) it will generate $40000 net in the year, put $40000 in the year to the portfolio as it was suggested in the book. and have a $100000 in a CD as a emergency reserve.
Do you think it is a sensible idea?
Or should I just build portfolio like it was suggested in the book?
The goal is to have inflation adjusted money for next 45years.
Thank you.
and $5800 monthly pension. My monthly spending today are
around $3000. I own my condo (no mortgage). No kids.(there is no one to leave money so I can spend it all). after 65 years old my pension will be around $2000(today's money).
After reading The Work Less, Live More by Robert Clyatt
I have following plan:
buy investment property in Los Angeles area for my cash ($650000 no mortgage) it will generate $40000 net in the year, put $40000 in the year to the portfolio as it was suggested in the book. and have a $100000 in a CD as a emergency reserve.
Do you think it is a sensible idea?
Or should I just build portfolio like it was suggested in the book?
The goal is to have inflation adjusted money for next 45years.
Thank you.