Stefan Shirley’s Reviews > Retire Early With Real Estate: How Smart Investing Can Help You Escape the 9-5 Grind and Do More of What Matters > Status Update

Five steps to making this work:
1. Why are you any of this?
2. What is your FI number?
3. Determine your wealth stage (survival, stability, saver, growth, withdrawal).
4. Pick your real estate wealth building or retirement income plan.
5. Get started.

You have to have a backup plan to cut your retirement expenses or increase your retirement income.

Retirement account optimization strategies. While many are great ideas, the best that applies to me is the Roth conversion (when I retire from the military).

Build an income floor — which is really about making sure you have income for when you actually retire.

The Withdrawal Plan: Using the 4% rule as a guide.

Choosing the right wealth based plan. This is a summary of all the plans discussed throughout part 5. There are no excuses to building wealth through one of these methods.

The Trade-Up Plan (using a 1031)

The Buy and Hold Plan (long and/or short term). This may be one of the best chapters of the book due to the details and examples provided. I didn’t quite think about all the different ways to add value to my buy and hold Plan; especially with the buy 3, sell 2, and keep 1 idea.

The Rental Debt Snowball Plan and its cousin, the All-Cash Rental Plan