Comment by jacquesm
9 years ago
He has a pretty healthy attitude to debt and in plenty of countries that are less consumption oriented he would be pretty normal. I know lots of mustachians here in Europe who most likely have never ever heard of him.
9 years ago
He has a pretty healthy attitude to debt and in plenty of countries that are less consumption oriented he would be pretty normal. I know lots of mustachians here in Europe who most likely have never ever heard of him.
Actually, that's a good point - I've known quite a few people who lived carefully off of investments/property. Fairly common in some (usually rather posh) circles in the UK.
When I sold ww.com the first thing I did was pay taxes (rather a lot), the second to dump the remainder into property to rent out. It doesn't bring a whole lot but far more than the bank or even index funds would bring, and that's at friendly rates rather than market rates.
Similar story probably - money from a minor exit into property which did very well, although that was accidental. We just bought places we really wanted to live and they turned out to be very good investments - certainly much better than our pension funds.