theficouple
@theficouple
Real Estate + Personal Finance
💰 $100K debt → financial freedom
🏡 14 rentals + Private Lending + Dividends
👇 Start your path to financial freedom
241 Following 106.5K Followers
Paid $320,000 for this 4-unit property.
10% down and 6% loan to buy it.
$4,175/mo rent with total payment of $2,185/mo.
If you can do 5-7 deals like this & hold each one at least 10 years?
…You will be mega rich.
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Do whatever it takes to get $540,000 invested by age 37.
Even if you only invest $300/mo after that?
Good chance you retire with ~$6.4 million at age 65.
That's ~$288,000/yr of 100% passive income.
...Thanks to compound interest📈
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Average retiree spends $5,000/mo.
Social security can cover 50% of that.
So ~$800,000 in retirement accounts+ social security makes for epic retirement.
…Needing $2 million is a myth.
How to stay broke:
Work hard to make $150,000/yr.
Then go and buy a $525,000 house.
…This never ends well.
Every month we put our money into 4 boring ETF's:
- SCHD
- JEPQ
- VOO
- SPYI
This portfolio provides us with almost $48,000/yr of passive income.
...The goal is $80,000/yr by 2028📈
It's hard to believe but when you have:
- No car payment
- 6 month emergency fund
- 3-4 income streams
- $500,000 invested
- 20 hour per week remote job
...Your life becomes 10x more peaceful 📈
Hot take:
If you're under 40 with $800,000+ invested you can stop investing aggressively.
You won the money game & will likely end up with ~$10 million or more in your 60's.
Take a breather & focus less on maximizing every dollar and more maximizing enjoyment.
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At age 35 & 36 we have $500,000 in our brokerage account.
If we decide to only add another $500/mo?
By age 65 we end up with ~$7.4 million and $330,000/yr of passive income.
....Thats the magic of compound interest 📈
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By the time you’re 40 you realize :
Nobody actually wants a luxury looking life.
People just want:
- To wake up without needing to rush
- Travel often
- Be with family more
- Focus on healthy living
…That’s what real wealth looks like.
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The average person wakes up and thinks “How am I going to pay my bills?”
A rich person wakes up and thinks “I have a lot of work to do".
A wealthy person wakes up and thinks "What do I want to do today?"
...Spot the difference👌🏻
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At 28:
- Broke
- Unemployed
- Driving uber
- Feeling lost
At 36:
- Husband & father
- Millionaire
- Business founder x3
- Property owner x9
Not where you want to be in life?
You have time to fix that.
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When you bought the $50,000 Tesla Model Y to save on gas & maintenance.
Then you learned:
- It loses 20-35% of its value by year 3
- It loses 55-58% of its value by year 5
So by year 5 you lost $35,000+ of value?
....Congrats on saving ~$1,000/yr on gas.
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