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Greg, what equity level are you targeting to go full time. I'm looking at $250,000 based on my lifestyle(tax, expenses, wife & kids).
Other people's money could get me there faster. If I charge a performance fee of 20%, I'll need to have $1,000,000 under management.
I'm also looking into a home equity line of credit. I'm doing some calculations based on my current earning rate and cost to hold the loan. Ideal loan for my current performance and expenses is about $500,000.
The caveat is, will my performance hold.
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