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reply I fully support the Financial Independence, Retire Early movement. This is mostly because of my real estate holdings, and my line of work -
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I fully support the Financial Independence, Retire Early movement. This is mostly because of my real estate holdings, and my line of work - we practically sell financial freedom - our company is Freedom Family Investments for that very reason. Given this as my job, we have estimated that we will need $850,000 invested at 10% to live financially free. Our company offers rental properties (value-add or fully renovated) and real estate/business-backed funds between 6%-12% annual return. I plan to obtain this within 10 years and intend on diversifying into stocks/bonds/mutual funds secondarily. The main issue with this strategy with my clients is that it only works if you can increase your income beyond your necessary means. Most Americans need help to budget cash-heavy savings in the current economic state. So you would have to increase income through a cashflow perspective (2nd jobs or rentals) to increase net worth and monthly income.
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