All Topics / Help Needed! / Passive income success stories

Viewing 13 posts - 1 through 13 (of 13 total)
  • Profile photo of JpcashflowJpcashflow
    Participant
    @jpcashflow
    Join Date: 2007
    Post Count: 575

    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 :)

    Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711

    Wait till you have kids, you’ll go from 3 to 7 days a week lol.

    Profile photo of mattstamattsta
    Participant
    @mattsta
    Join Date: 2011
    Post Count: 604

    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!

    Profile photo of AilimeAilime
    Participant
    @ailime
    Join Date: 2008
    Post Count: 28

    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.

    Profile photo of JpcashflowJpcashflow
    Participant
    @jpcashflow
    Join Date: 2007
    Post Count: 575

    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 :)

    Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711

    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.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    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
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of FreckleFreckle
    Blocked
    @freckle
    Join Date: 2012
    Post Count: 1,681
    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.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    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
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Shell HShell H
    Participant
    @shell-h
    Join Date: 2010
    Post Count: 32

    Congratulations Johann,  what a great achievement.  Inspiring the rest of us to keep working on reaching our goals too!

    Michelle

    Profile photo of JpcashflowJpcashflow
    Participant
    @jpcashflow
    Join Date: 2007
    Post Count: 575

    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 :)

    Profile photo of FreckleFreckle
    Blocked
    @freckle
    Join Date: 2012
    Post Count: 1,681
    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.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    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.

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

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