Why you have to be Asset Rich

You can’t work your way to wealth

Despite the social mantra, you can’t work your way to wealth.

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.

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What $150,000 Looks like for your independence

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 financially independent.

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?

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Which Financial Strategy is best for you?

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.

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