Man That Can with Lachlan Stuart cover image

Financial Freedom (Property Investment Strategies) | James Nelis #579

Man That Can with Lachlan Stuart

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Financial Planning for Comfortable Living

To live comfortably, a couple typically needs around $80,000 to $100,000 annually, requiring about $2 million in fully paid off assets to generate a 5% return. This goal can be achieved by either acquiring two $1 million properties or four $500,000 properties. Strategies include debt consolidation to become debt-free and potentially acquiring additional properties in consultation with financial experts. Planning the exit strategy to sell assets to clear debt depends on the individual's timeline for achieving financial goals.

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