Is nothing more than a wish. –
My goal as previously stated is to be financially sound at the time of my retirement.
My plan to get there is rather simple to begin with. Its rough draft is as follows:
Acquire passive income in the form of interest rates, dividends, and rent.
There I aim for about 10-20% of all my capital to be invested as cash for interest rates, hopefully this will submit about 7% of all income, this is assuming a 2% ROE (return on equity). This cash will be kept for emergencies and potential drops so it will be easier to capture market drops when re-balancing my portfolio. I hope for about 20-30% to be invested in real estate, these can have mortgages which will not be included in my cash count but the interest rates will count against the income acquired from such properties. This will hopefully contribute about 28% of all my income, this is assuming a 5% ROE. And the rest will but put in the open market in funds and ETFs and will yield about 65% of income, this is assuming a7% ROE, which is in my opinion quiet high.
As you can see 7%+28%+65% = 100% so all my passive income will come from these three aspects.
This is just my plan from the beginning. It is bound to be open to changes and re-evaluations. More numbers shall be arriving shortly.