10-03-2023, 10:18 AM
Since I am reaching my 60s and considered to be old man soon...I will tell the young people the exact method of getting rich like me. Using this method, my networth is well over $50million not including a GCB I managed to buy in the 2010s.
Case Study:
Man age 30 years old with monthly salary : $4500
Soon to be married with man fiancée age 28 years old salary : $4000
Just before marriage, each applied for a loan of 30 years principal $1million
Man buy one condo, woman buy one condo valued at $1million
Then go married after sales completion and stay with parents.
Collect rental of $4000 each to pay the $2500 monthly loan installment.
Get pregnant and give birth to 2 babies within 5 years.
Collect rental and save the remaining after deduction from installment and meanwhile wait for children to reach age 21.
By now, husband should be 51 and wife should be 49, the loan should be paid left around $400,000 for each condo.
But 2 condos should be worth at least double like $2million each.
Paid the loans to get back around $3million in total
Now, just this to buy one condo each for the adult kid and husband and wife buy another 2 condo.
Continue this for another 10 to 20 years and your networth will be at least $10million.
Case Study:
Man age 30 years old with monthly salary : $4500
Soon to be married with man fiancée age 28 years old salary : $4000
Just before marriage, each applied for a loan of 30 years principal $1million
Man buy one condo, woman buy one condo valued at $1million
Then go married after sales completion and stay with parents.
Collect rental of $4000 each to pay the $2500 monthly loan installment.
Get pregnant and give birth to 2 babies within 5 years.
Collect rental and save the remaining after deduction from installment and meanwhile wait for children to reach age 21.
By now, husband should be 51 and wife should be 49, the loan should be paid left around $400,000 for each condo.
But 2 condos should be worth at least double like $2million each.
Paid the loans to get back around $3million in total
Now, just this to buy one condo each for the adult kid and husband and wife buy another 2 condo.
Continue this for another 10 to 20 years and your networth will be at least $10million.