[taxcontrol]

Assume 8% interest over 12 years.

Start with $100,000 and add $65,000 per year to the savings. To do this the person would need to have enough income between himself and his wife to live in Sweden. Assuming a comfortable lifestyle of 65,000 per year and assuming a 40% tax burden, the annually household income would need to be somewhere about $216,000. Possible of both were in the 100K / year.

All so possible was that he built a business then sold it. I know of firms that have gone from revenue streams of nothing to $30 million in 8 years mostly through hustle and good people. Considering that you normally get paid 3 years worth of revenue for a business, a $500,000 / year business would not be hard to build in 12 years. Even if you calculated on earnings, normally 20 X 1 years earnings, the business would only need to be providing $75,000 per year in profits. Not easy but not impossible.

Just pointing out that it is quite possible.

[vooch]

If the fellow had built a business which he could sell and clear 1.5mm.............he'd be insane to sell it to move to Kosovo .