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Dude you're already a millionaire (you just need time to iron out the rest). Just wait, get somethign worth a million dollars i.e. borrow it on real estate and have your tenants pay it off.
Try for 15 year payment schedule on some type of real estate. See you can pay it off in 25 years or 15 years or 10 years or whatever. The payment difference on 25 vs 20 years isnt much at all so you're better of increasing your payments and cut off 5 years worth of interst (best bet is 17 years). Like I said, if you like the idea go with an apartment building and just plan to pay it off as quick as possible. With 35% down I think you could safely pay it down in 17 years. In 17 years as long as you have insurance on your building and tenant income insurance and keep it rented and in good repair, you'll be a millionaire. It's really as simple as that. In teh US too you can trade up in value without paying captial gains tax so you can wait until it's value increases then trade up.
THe safe bet is to put 375k or whatever on your 500k house and collect rent from one person. That guarantees you'll be worth 500k in 15-25 years and means only one tenant and oen unit to maintain. It depends on how big you want to go. Shit you'll have about 1k in mortgage payments and property tax on 500k so that should give you 3 k or so left in profit to pay for repairs and maintenance (which shouldnt be that much at all). That's way better then 1% in what you have now.
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