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Retire Rich, Retire Early: How to Retire at any Age, for Real (in English)
Dr Bruce M Firestone
Synopsis "Retire Rich, Retire Early: How to Retire at any Age, for Real (in English)"
Developed nations are divided into three classes—people, mostly government workers, with defined benefit pension plans, the top 1% who in 2012 had a 19.3% share of US national income (up from just 7.7% in 1973) and everyone else. This book is written for the latter—the 80% of the working population who have to fend for themselves.Firestone looks at the case of Ms Maya Yates, a 36 year old single mother with a decent job who has set a goal of retiring by age 62 with an income similar to what she is currently earning. When she discovers that she will need to save $6.7 million over the next 26 years to reach her goal (equivalent to putting away more than 3 times her current annual salary every year), Maya comes to Firestone looking for alternatives; together they come up with a plan to enable her to acquire a mini real estate empire so she can realistically provide for herself and her three children.