If you have $2,000/mnt you can basically live a life most people can only dream about. Traveling practically 80% of the world and have plenty.
To get $2,000/mnt I will assume that a 10% ROI is the absolute minimum on basically all investments today (even p2p lending, company bonds, real estate rent etc. almost all reach that level today). So, here we expect that the real ROI is between 12-16% and there fore still allows for grows of 2-6% PA.
So, you need an invested saving of 12x2000 (USD 24000 a year) x10 to get this interest. So, USD 240,000. Yes, it's still a lot of money!
But, let's say you have USD 100,000 today and you get 16% interest. How many years will it take you to reach 240,000? It will take 5yr and 6 month. This is hardly enough time to plan out your life in freedom.
You may also consider how to reduce or eliminate taxation of your saving/investment from day one.
To get $2,000/mnt I will assume that a 10% ROI is the absolute minimum on basically all investments today (even p2p lending, company bonds, real estate rent etc. almost all reach that level today). So, here we expect that the real ROI is between 12-16% and there fore still allows for grows of 2-6% PA.
So, you need an invested saving of 12x2000 (USD 24000 a year) x10 to get this interest. So, USD 240,000. Yes, it's still a lot of money!
But, let's say you have USD 100,000 today and you get 16% interest. How many years will it take you to reach 240,000? It will take 5yr and 6 month. This is hardly enough time to plan out your life in freedom.
You may also consider how to reduce or eliminate taxation of your saving/investment from day one.
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