Passive income success stories

Viewing 13 posts - 1 through 13 (of 13 total)

Jpcashflow
Participant
@jpcashflow
Join Date: 2007
Post Count: 575
February 27, 2013 - 10:28 pm
Hi every one
Hope every one is reaching there goals and I can't believe we are in march already.
I thought it might be a good idea for people to share there success stories on how passive income has changed or improved your life.
As of today our passive income pays for our PPOR repayments every month.
We use shares to provide a income and how has this helped us ?
My wife who is 27 only needs to work three days a week an I also work 5 days a week
We hope that in three years time Incan only work three days a week!!!
happy days ahead
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone Me
Your first port of call in finance :)
jmsrachel
Participant
@jmsrachel
Join Date: 2012
Post Count: 711
February 27, 2013 - 11:32 pm
Wait till you have kids, you’ll go from 3 to 7 days a week lol.
mattsta
Participant
@mattsta
Join Date: 2011
Post Count: 604
March 1, 2013 - 4:13 pm
Hahaha I agree with imsrachel. Once you have kids, you will never have a break even with a passive income, unless you do not plan to have kids in the future. But good luck with your plan to work less and enjoy your free time more!
Ailime
Participant
@ailime
Join Date: 2008
Post Count: 28
March 1, 2013 - 9:20 pm
Congratulations on achieving that milestone, Johann!
I agree with Joe and Matt when it comes to children can be costly. I also believe children can be as costly or as economical as we parents make it – especially in the first few years of their lives. Dressing a baby in only branded clothing can be more expensive than twins or higher order multiples wearing department store clothing
Having said that, it does depend on the financial situation of the family.
Jpcashflow
Participant
@jpcashflow
Join Date: 2007
Post Count: 575
March 1, 2013 - 10:49 pm
Haha my wife and are planning to not have kids, call us selfish but at least I'm honest lol
cost of living in oz is increasing by the day
But having a PPOR loan being serviced by another source of income / assets is a great feeling g
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone Me
Your first port of call in finance :)
jmsrachel
Participant
@jmsrachel
Join Date: 2012
Post Count: 711
March 1, 2013 - 11:07 pm
Johann, as a fellow Maltese like yourself I’d rather tell my parents I bat for the other team then to tell them I don’t want kids. When your old and grey who will inherit your empire?
By the way It’s not selfish if you don’t want kids.
Paul Dobson
Participant
@pauldobson
Join Date: 2003
Post Count: 1,196
March 2, 2013 - 4:34 am
We started out in residential real estate vendor finance to have the passive cash flow support our buy & holds, in the hope of accelerating the building of our buy & hold portfolio.
It did that so we kept doing it. We stated out in 2003 and I was able to give up my full time job in 2009 to work in our vendor finance business. Needless to say Karen, my wife, and I are now big fans of passive cash flow
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
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An alternative way to finance your home.
Freckle
Blocked
@freckle
Join Date: 2012
Post Count: 1,680
March 2, 2013 - 5:13 am
jmsrachel wrote:
Wait till you have kids, you'll go from 3 to 7 days a week lol.
No he won't. Mrs JP will have quads and he'll have to work 8 days a week 19 hrs a day.
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
March 2, 2013 - 5:28 am
Jpcashflow wrote:
Haha my wife and are planning to not have kids, call us selfish but at least I'm honest lol
cost of living in oz is increasing by the day
But having a PPOR loan being serviced by another source of income / assets is a great feeling g
It's not selfish at all.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
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Mortgage Broker assisting clients Australia wide Email: [email protected]
Shell H
Participant
@shell-h
Join Date: 2010
Post Count: 32
March 2, 2013 - 9:56 am
Congratulations Johann, what a great achievement. Inspiring the rest of us to keep working on reaching our goals too!
Michelle
Jpcashflow
Participant
@jpcashflow
Join Date: 2007
Post Count: 575
March 3, 2013 - 6:05 am
It's only a small goal but for our age it's a great goal.
Cost of living is so high you always need a good income coming in though.
Where not sure what we want to do next , weekly be going to Hawaii in two weeks time and we will see what the next step is once we have a clear mind.
I love property but I don't see any value in it at the moment!!! Also the market will be flat for a few years as well
the only concerns I have is the returns for investing are quiet low
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone Me
Your first port of call in finance :)
Freckle
Blocked
@freckle
Join Date: 2012
Post Count: 1,680
March 3, 2013 - 7:25 am
Jp wrote:
Where not sure what we want to do next ……… we will see what the next step is once we have a clear mind
Small business… debt management/relief and budget coaching.
Good money and a growth industry.
Paul Dobson
Participant
@pauldobson
Join Date: 2003
Post Count: 1,196
March 3, 2013 - 7:30 am
Hi Johann
Just a tad of a broad statement mate i.e. real estate 'returns for investing are quite low'. Sure the standard buy & hold strategy is having a few challenges but our full joint venture partners are earning anywhere between 17% and 21% (annualised) on their vendor finance properties.
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone Me
An alternative way to finance your home.