Is it possible to trade for a living in Australia comfortable living standard?
The answer for first question is yes, depends on the capital you have and return % you earn per year and most importantly your average annual spending.
Simple method, if your current annual salary is 70K and you are most likely to achieve 7% return per year, it means you need 1 million dollar cash to invest in order to replace your salary to support the lifestyle you want.
The answer for first question is yes, depends on the capital you have and return % you earn per year and most importantly your average annual spending.
Simple method, if your current annual salary is 70K and you are most likely to achieve 7% return per year, it means you need 1 million dollar cash to invest in order to replace your salary to support the lifestyle you want.
1 Million dollar!!!
If I have 1 M, I will pay off my home loan now (I hear what you said). My answer will be: you should go back to work. You are not ready for this.
That is the reality of trading for living. You need 1 million dollar cash!
But there is another way around it.
I will explain how to do it next time.
If I have 1 M, I will pay off my home loan now (I hear what you said). My answer will be: you should go back to work. You are not ready for this.
That is the reality of trading for living. You need 1 million dollar cash!
But there is another way around it.
I will explain how to do it next time.
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