Module 1 Video 2
My biggest takeaway from this lesson is "trade paper for property" in order to take advantage of the tax benefits.
30/40/30 principle:
1) What amount do I need to live at my current comfort?
$350,000: $105,000 to live off of / $140,000 tax / $105,000 assets
2) What amount do I need to live at my desired DREAM level?
$1,250,000: $375,000 to live off of / $375,000 tax (30%) / $500,000 assets (40%) #Video 2
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