As of today, this is our initial retirement plan. I say initial because this is just the plan for when I retire from the military in 2029 at age 48. I still plan on working for at least another 10-15 years. Heck, may as well make double-dip in the civilian workforce. Let’s take a look at 2029 and then we will fast forward to our plan for 2049.
This is the plan for my 1st retirement. The business income could be from our restaurant, blog, youtube, or whatever else we come up with. The sky is the limit. All this income is almost already in place as of now. Remember, this income is coming in, and I will still get another high paying job and continue to work! Let’s move on to when I turn 68, which would be 20 more years of work income.
Whew, it looks like a lot of income. I am being very conservative. The goal of continuing to work is to pay off all the houses. So, with no mortgages to pay, the rental homes will be almost all profit (save for taxes, insurance, and maintenance). You can start to see how all of those multiple income streams start to bring it all together. Even more exciting, the rental, investment, and business incomes can all be left to the children and grandchildren. This is what generational wealth building is all about.
Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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