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Alex Silang
  • Real Estate Professional
  • Las Vegas, NV
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185
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Getting to $100M networth

Alex Silang
  • Real Estate Professional
  • Las Vegas, NV
Posted Jul 31 2014, 06:49

Okay, now for a ridiculous, hypothetical question.

What's away to theoretically get to 100 mil in net assets. Assume this is for a "young" person who has several decades to reap the rewards of salary, compounded returns, going back to school, take advantage of several boom/bust cycles etc.

I think it's very possible if one lives frugally, has a solid job and invests prudently to get enough passive income to live off of in 20 years. But buy and hold will only take you so far. You'll probably need outside money to get far. Plus buy commercial property, deal with non-conventional loans.

I've read the big money is made in appreciation.

What type of skillset would someone need to cultivate? Anyone can get a conventional 30 yr. But I'm sure with the more complex financial instruments, creative financing, etc. is going to require more people and presentation skills?

Again, this is a ridiculous, hypothetical question.

Thanks!

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