Quote:
Originally Posted by slapass
I make good money, and I always feel broke. I save a ton and invest in real estate. the returns are nice but I would to invest so damn much to make what I do now it is insane.
|
At least you identified the problem: I suspect the majority around here don't even recognize there is one.
Unfortunately there are no easy options: if you try for a higher return, you increase your risk and make yourself more susceptible to inevitable market swings. Which is usually fine so long as you can leave the investment intact, but not so good when you actually retire and need to withdraw at a more or less constant rate.
The only real alternative to working those 15 years (and you will likely find it more like 20-30 in practise) depends entirely on your ability to make more serious money. I assume you are working for yourself, but your post suggests that you are approaching every aspect of your financial situation with the same limited ambitions as the average wage slave. Who knows, but if you could find a way to raise your horizons, that new perspective might allow you to come up with the idea which could make your fortune
