My Road to $7.2MM in 20 Years
Tony Robbins has always taught me that making goals is the first step, and cock-municating those goals to random internet strangers helps reinforce your drive.
In light of being educated this week that I must have $7.2 MM free and clear by the time I am 60 in order to retire a peasant life, I have decided to share my retarrment plans with you all. This is the scenario.
I identify as an oppressed 40 year old White Samoan who wants to retire by the time I am 60. I start off today with a $400,000 mortgage that I will HELOC the crap out of until the day I COVID. I am investment dumb, so I pay a financial advisor 3% (2% of which are in hidden fees) to obtain an 8% annual return. There is also a 1.5% annual inflation, further diluting my monetary power, because our federal government can't get shit done to grow the economy. Being a member of the most discriminated majority in Western civilization significantly reduces my career opportunities despite working for companies with homogenous race-gender boards. As a slightly tubby Samoan means that I am unable to work on lucrative bailout industry positions such as airline steward, nor would I likely enjoy the benefits of marrying rich Aspen instamodels. These conditions further reduces my yearly return by 0.5%. The net result is a 3% effective annual return in real terms.
Punching all of the above into a free online calculator means that I have to save $24K a month after tax. I better get to it.
I am pumped and motivated like The Rock on instagram. For example, this morning, I spied an incredible Hublot Fusion AeroFusion Chronograph Richard Orlinski on aliexpress for $25,000 CAD with free shipping. I placed the order but cancelled it minutes after. Now I have exceeded my monthly goal. That was easy.
I post this as a motivator for you all. If I can do it, so can your cocker-spaniel. Now I want you all to share your gainz. Hit subscribe wherever that button is.