Get a good education, get a good job, save and retire to the good life at age 65. Have you heard that before? I bet you have, and the other 300 variations on the theme. Well sorry to tell you, it's not going to happen. You've also heard about investing right, buying property, shares etc etc. It's all good and what most people aspire to achieve in their lives, but I want to throw some gunpowder in the fire.
I have always used age 65 as a datum because everybody else does, and my goal in life was to buy back as many years as I could from 65. "BUYING TIME" So this is the theory...everything you do either adds to the years you have to work or subtracts from the years. If you are fortunate to have bought back 10 years of your working life, you will be able to retire at 55. Pretty decent if you think you will live to seventy (at least), but possibly even longer as life longevity increases.
The only way to achieve this is through income producing assets and investments that don't require you to be there. My whole focus over the past 8 years has been on "BUYING TIME" How can I improve what I do so that I don't have to be there, do I have a good team around me, to help and guide me, and how many assets and investments am I buying a year that pay me if I am there or not.
People ask me how I did it and how they can start "BUYING TIME", so what I am going to do is make the following assumptions:
-that I am currently a salaried employee, right on track to get the gold watch at age 65.
-that I earn R25,000 a month. (don't worry if this sounds alot to you. 8 years ago I didn't own a bicycle...)
I am going to start 2 businesses
-a share trading business
and
-an internet business
all at the same time and all while I am doing my job. My goal is to buying back 10 years in the next 5 years, ie I will in the next 5 years, make and invest in assets which will give me a passive income of R50,000 a month (double my current salary) on going
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