You can’t work your way to wealth
Despite the social mantra, you can’t work your way to
As long as you trade time for money, you’re part of a losing
strategy and here is why.
Imagine starting your working life at the age of 20, and your first wage is worth $65,000.
The gross value
Previously I asked the question of how much it takes to
retire early. This same question also is how much it takes to become
There were a range of answers all the way from a retirement
pension that only provides $24,268.40 per year, through to a real case where
the money target was $384,000 per year.
Using average figures along with a multiplier of 2.5 I
rounded up to come up with a number of $150,000 per year net.
So what does $150,000 look like?
When it comes to gaining your financial independence, every educator swears by their own systems, but is one truly better than the other?
Like many topics this does not have a quick answer, but the
right one is the one that not only works for you, but most importantly the
strategy that you can support, not only today but also into the future.
So here we’re going to look at 5 strategic options that you have and what they can give you.