How this 29-year-old pilot plans to retire at 50 with $2.5m
From meal-prepping a month in advance to investing in Tesla and Coca-Cola, here’s how one young couple is hoping to retire early.
Each month, commercial pilots Micheala Ripa and husband Pablo deposit 10 per cent of their salaries into their respective investing accounts. Both 29-year-olds want to retire by 50, and they’re doing everything they can to get there.
Her strategy is to focus on dividends. His is to find the growth stocks. “The whole point of our investing is so that when we retire, we have enough dividend income, or the growth stocks have grown enough that we can sell them and have enough money every month,” Ripa says.
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