Originally Posted by
TED74
I’m all ears. Where should I put $20-50k a year of taxable income to watch it grow not only 40%, but then also another 5-6%, and not just once but every year in perpetuity?
Real Estate. I would go on, but Gunfighter Johnson pretty much shacked it.
Originally Posted by
First Break
So is your position that a professional, such as ourselves, should be on the hook in their off time to buy real estate, start a side gig, or otherwise find a wiz-bang (likely high risk) way to fund a reasonable retirement?
Have you forgotten that professional pilots used to show up to work, fly their trips, and 25 years later belly up to a 60% FAE retirement. No extra effort required.
Noone is saying we should have to have a side hustle, we're just saying that's what we want to do. The smart ones from back in the day did the same...that way when pensions went the way of the dodo, they weren't left with nothing. Among many other huge benefits, it's also a great hedge should I lose my medical. It's nice to already have a handful of income producing assets that would make my drop to disability pay a non-event. In essence, it's my plan B...if everything goes well, then great, I have an extra cushion of income and/or property to sell and add to my nest egg. If MBCBP truly is optional, then we're all happy, otherwise I'm certainly not fan.