14. Become Rich
If you’re on this step, that means you have absolutely no debt whatsoever!!
You’re completely debt free including the mortgage!
Let’s think about that for a moment.
If you had a car loan, a student loan, and a home loan, you probably had at least $2,500 in payments going out every month. That’s $30,000 a year!
And now, that entire $30,000 is yours.
What if you invested that $30,000 a year from age 30 to age 65 and earned an average return of 10%?
You’d have $9.5 million!
I think you could live on that.
Well done, my friend. I think it’s fair to say that you’re in a position to become rich!
So what steps should you take now?
What should you invest in?
For my wife and I, we’re keeping it super basic and investing in just two things:
- Index Funds, and
- Real estate
It’s simple, yet effective.
We’ll likely have $5 million or more by the time we reach our retirement.
Want to learn more about what it takes to get rich?
Take a look at all the resources below!