I am 52. My wife and I are about to “Retire” in the sense that we will not be working for the universities any more but will be living off passive income from rental properties.
There is no magic trick to this just some obvious things that everyone can do
1. Stay out of debt. The only possible exception is a mortgage but even then do not max out the finance. Credit cards are good but pay the bill in full every month
2. Never buy a new car unless you plan to drive it for 30 years
3.Give at least 10% of your income to charity it keeps you humble
4. Save or invest at least 20% of your income
The trick is to do the last 2 items when you make $1000 a month otherwise you won’t do it when you make $10000 a month
Yeah, Kulaks who do all the right things that you name (and I have done every damn single one of them) will be precisely the ones that the freeloaders will eviscerate, precisely because we did the right thing and played by the rules.
In a lawless world, it’s open season on the lawful.