Re: 3.5% of Americans have a net asset worth of $1,000,000… - Posted by Doug Pretorius
Posted by Doug Pretorius on March 17, 2000 at 16:58:18:
I’m not so much interested in net worth as I am in putting together good deals, enjoying them while I’m at it, and generating some nice low-maintenance, long-term cashflow, so I can go where I want, when I want without an employer or clients breathing down my neck.
However, that cashflow comes from assets with value, so to generate whatever income you deem necessary you will have (unless you’re doing all lease/options) a cooresponding net worth. So if you want say $10,000-$20,000/month you’re going to be controlling millions in assets.
Besides, saying you are a real esate financier with $10,000,000 net worth is always nice too