What Are You Thinking About?

**EQAddict** · September 21st, 2018 06:39 PM

Originally Posted by 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.

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

Sent from my SM-N950F using Tapatalk Pro

**uls** · September 21st, 2018 06:43 PM

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** · September 21st, 2018 06:44 PM

Originally Posted by StockEngine

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

Sent from my SM-N960F using Tapatalk

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.

Sent from my SM-N950F using Tapatalk Pro

**uls** · September 21st, 2018 06:47 PM

Originally Posted by StockEngine

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

Sent from my SM-N960F using Tapatalk

huh?

there are people paying millions per month in rent

**StockEngine** · September 21st, 2018 06:48 PM

Originally Posted by EQAddict

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.

Sent from my SM-N950F using Tapatalk Pro

ohhhh a different target all together.

Sent from my SM-N960F using Tapatalk

**EQAddict** · September 21st, 2018 06:48 PM

Originally Posted by uls

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.

Sent from my SM-N950F using Tapatalk Pro

**EQAddict** · September 21st, 2018 06:57 PM

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

Sent from my SM-N950F using Tapatalk Pro

**BlancNoir** · September 21st, 2018 07:00 PM

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

GO DO IT BRO!

**uls** · September 21st, 2018 07:02 PM

Originally Posted by EQAddict

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.

Sent from my SM-N950F using Tapatalk Pro

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

- - - - - - - - - - - - - - - - - - - - - -

Originally Posted by EQAddict

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

Sent from my SM-N950F using Tapatalk Pro

hehehe

__