Here’s a simple formula for your first down payment:
If you want to buy a $500,000 property with 5% down, you need $25,000.
Now divide that by 50 work weeks a year.
That’s $500 a week.
Work 20 hours a week on your “fortune,” and you just need to earn $25/hour.
Do that for one year, and you’re ready to buy.
Do it for two, and you only need to earn $12.50/hour.
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