Sustainable Wealth Goals
Miles shares the success story of his client Dan, who transformed his million-dollar stock portfolio into a real estate investment generating over $100,000 annually – more than triple what traditional withdrawal rates would have provided. This illustrates a crucial point: it’s not just about accumulating wealth, but about creating sustainable income streams.
The current market conditions add another layer of concern. With 14 up years for every down year over the past 15 years – a ratio that drastically differs from the historical pattern of five up years for every two down years – Miles suggests we’re overdue for a market correction. This unpredictability, combined with mediocre returns and high risk, makes the stock market a less attractive option for those seeking reliable retirement income.
While Miles acknowledges that stock market investing can have its place, particularly during market crashes when opportunities arise, he advocates for a more diversified approach. Real estate, with its tax benefits, predictable income streams, and potential for higher returns, offers an attractive alternative to traditional stock market investing.
Final Thoughts
The conversation concludes with a sobering reminder: traditional financial planning might not be sufficient for achieving true financial freedom. As investors increasingly seek alternatives to the conventional 401(k) and stock market approach, real estate continues to emerge as a compelling option for those looking to build sustainable wealth and reliable retirement income.
For those interested in learning more about alternative investment strategies, Miles hosts the Money Ripples podcast and offers resources through his website, moneyripples.com, where he helps individuals create what he calls an “anti-financial plan” – a departure from traditional financial advisory services focused on building genuine passive income streams.
