Financing Your Early RetirementJanuary 5th, 2011 by The JetSetter Team | Comments Off on Financing Your Early Retirement
1. A mobile job that where you can work from anywhere there is Internet service.
off cash flow from investment income streams
I suppose there is another alternative, which is to adopt a total hobo lifestyle, hitchhike everywhere you go and dumpster dive for dinner. We’ll assume you’re not interested in that method. Perhaps our favorite way of teaching Jetsetters how to reach the land of early retirement and financial independence sooner rather than later is through income property investing. That’s when you buy a property with a house on it and rent it out. If the deal is good enough (our affiliate website www.JasonHartman.com can teach you how to find great deals), the resulting cash flow should not only pay the monthly mortgage but also leave extra cash in your pocket.
Chances are you won’t be able to retire on a single property but as you add more and more to your portfolio, the prospect rapidly becomes realistic, especially when you consider you should be able to bank a few hundred extra dollars – maybe as much as $500 – from each rental. Then the question becomes how much do you need to live comfortably somewhere else? In many parts of the world, not much at all. A couple with an income of $1,500 can live pretty high on the hog in growing expatriate communities in Mexico and Central America.
Two or three thousand a month should also be plenty if your goal is simply to RV around the country at your own pace. Income property investing for early retirement is how you find time to write that book, smack golf balls from coast to coast or head south when the temperature falls and back north when it rises.
The Jetsetter Team
Flickr / Ack Ook