What Are You Thinking About?

[uls]

how much do you spend every month?

your assets need to generate at least the same amount so you don't need to go to work and don't have to change your lifestyle

but of course you'd want your assets to generate more para may ipon

[BlancNoir]

I can only think of 2 things.

First, contentment really is THE key.

Second, life on Earth is temporary, so i say quit that job, spend time with your fam, do what you love and raise your middle finger to the corporate world.

[BlancNoir]

At least the same as what you're getting from your current job. You can start from there.


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Mukhang mataas ata income ni EQ from his corporate job. hehe

[Wh1stl3r]

*EQ
Have you considered flipping properties for income? Not exactly retired life but not a rat race either. That's something I've always dreamt of doing but will probably never have the chance to as I'm not that liquid.

With your current income it would probably take several sizable premium commercial properties to generate the same amount.

[EQAddict]

You all make good points!

Contentment is the key. But i also dont want to be a lazy bum living of my rent and other investments.....

I thought about flipping properties but the replacement cost is very high...... though i am trying it in 1 of my properties. Walang kumakagat so far.




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[BlancNoir]

You all make good points!

Contentment is the key. But i also dont want to be a lazy bum living of my rent and other investments.....

I thought about flipping properties but the replacement cost is very high......




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You can try teaching? You can impart your knowledge to the new generation.

That's what i plan to do after retiring in let's say 40 more years? lol

[EQAddict]

Ang hirap kasi ive been trained to be a capitalist all my working life. A mindless capitalist lemming.....

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[BlancNoir]

Ang hirap kasi ive been trained to be a capitalist all my working life. A mindless capitalist lemming.....

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We all need to adapt to changes naman. Besides, you'll be adapting din when you retire. Why not now? While you still dread your job. hehe at least you instantly gratified yourself.

"F*** IT! I QUIT!" - sarap siguro sa feeling isigaw yun. But don't mind me, kunsintidor kasi ako.

[StockEngine]

You all make good points!

Contentment is the key. But i also dont want to be a lazy bum living of my rent and other investments.....

I thought about flipping properties but the replacement cost is very high...... though i am trying it in 1 of my properties. Walang kumakagat so far.




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those who can rent 50,000 monthly will find a property to buy. how much is the rent?

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[papi smith]

The ideal passive income for me is one that let's me live my lifestyle and still generate savings for additional passive income.

[EQAddict]

The ideal passive income for me is one that let's me live my lifestyle and still generate savings for additional passive income.

Thats the trick isnt it? I also thought of that as my yardstick....matagal pa then.

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[uls]

But i also dont want to be a lazy bum living of my rent and other investments.....

ganito EQ...

you have rental income from properties

that doesn't mean you should just stay home all day

you'd get bored

open a business (that's why they call it busy-ness)

the purpose of the business is so you have something to do everyday

not rely on it to put food on the table coz you got other sources of income that does that for you

since you like cars you can open a car tuning shop

and since you know lots of people with the same interest, you already have potential customers

the business doesn't have to be highly profitable

as long as you make enough to cover cost it's ok

the fun in that is you get to talk with car guys everyday

treat the business as a hobby

[EQAddict]

those who can rent 50,000 monthly will find a property to buy. how much is the rent?

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Only started renting out recently as the properties i invested in are starting to be turned over. I have 1 tenant now paying 6 figures a month. Hopefully can rent out the others soon as well. I have one whos going rent is 250k a month but that is for turnover pa in october. And it takes time to fit out and find a tenant.

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[uls]

those who can rent 50,000 monthly will find a property to buy. how much is the rent?

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huh?

there are people paying millions per month in rent

[StockEngine]

Only started renting out recently as the properties i invested in are starting to be turned over. I have 1 tenant now paying 6 figures a month. Hopefully can rent out the others soon as well. I have one whos going rent is 250k a month but that is for turnover pa in october. And it takes time to fit out and find a tenant.

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ohhhh a different target all together.

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[EQAddict]

ganito EQ...

you have rental income from properties

that doesn't mean you should just stay home all day

you'd get bored

open a business (that's why they call it busy-ness)

the purpose of the business is so you have something to do everyday

not rely on it to put food on the table coz you got other sources of income that does that for you

since you like cars you can open a car tuning shop

and since you know lots of people with the same interest, you already have potential customers

the business doesn't have to be highly profitable

as long as you make enough to cover cost it's ok

the fun in that is you get to talk with car guys everyday

treat the business as a hobby

You read my mind. Been trying to do this but i need commercial property which i dont have. If i rent...then am just working for the landlord. Another form of corporate slavery which am trying to get away from. But thats my dream retirement business.

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[EQAddict]

Im amazed uls read my.mind!!!!! As in exactly what i wanted to do!!!!!!

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[BlancNoir]

If you are waiting for a sign whether to pursue your dream or not, take this as the sign.

GO DO IT BRO!

[uls]

You read my mind. Been trying to do this but i need commercial property which i dont have. If i rent...then am just working for the landlord. Another form of corporate slavery which am trying to get away from. But thats my dream retirement business.

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cool

imagine a shop with sparkling clean floors

a couple of lifters, a dyno...

an airconditioned office with tinted windows, big TV, ref, couch

friends bring their cars

tambay sa office, order food...

it's like a clubhouse

kids hang at the office when there's no school

pa-easy easy lang

everyday

sarap

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Im amazed uls read my.mind!!!!! As in exactly what i wanted to do!!!!!!

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hehehe


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[chronicle]

Eq. Why not start a business now then retire in 1year. Para mafeel mo muna

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