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Some people have no idea how to legally use deductions to their advantage. So this, IMHO, is a very valid comment.

CDro, If you self managed your properties, there would always be maintenace and repairs. Always cleaning after they vacate :) I do understand what you are saying though. I find hobbies boring...unless it has to do with properties.

I'm just trying to encourage anyone who really wants to retire, if your home is paid off, it doesn't cost that much. There is so much available free for the asking. People want to get rid of good stuff...and not always to "charity".

I disagree..as we replace many washing machines in our properties. We get most of them free..from someone who wants to get rid of their old set, because they are not "matching" or they bought a house with a set. Cars..I may be able to agree with..but repairs?....is doable.

We are back in Canada now, and yes, the $1000 month continues.(back for 3 weeks now) We knew this was a good figure for us because we back tracked our expenses for the 2 previous years before retiring last year. I tend to pay by debit card in canada, and it is easy to see where we spend our...

We don't know. I guess when we find this amount too restrictive? Very soon (within 3 years) we will have a lot more disposable income..about $10K a month. That is too much for me to consider to waste, so I know it will be buying more properties..because that is my passion. Most likely as...

Jaycee, I'm not saying you are wrong. Even I don't plan on keeping to $1000 a month for ever.It's just reassuring to know I can (to me). If something breaks in our investments, it doesn't come from our personal income, it comes from the investment buffer. It was how the OP and PeterC...

Jaycee, I am not suggesting you are having a go at me. Maybe you have never been in the situation of having your income cut in half, and needing to wait 5 weeks for your next paycheque? I have several times, in my pre-investing years. Saying you couldn't live on $1000 month if your PPOR was...

Jaycee, Do you think Rob and I don't go to the dentist or the doctor? We do,(yesterday in fact..$173 for check up & cleaning) and have health care just like you..in both countries. It still comes from our $1000 month Do you think we don't buy Xmas and birthday gifts? We do..and it still...

As stated in many other threads, my husband and I live on $1000 month+$3500 for flights to Australia. We retired last year and live solely on rental income. We've been accused by some of being a tight *ss, but that's ok with us.:D We rent our home to college kids and then travel around...

I voted between $200-$300 a week. Having fun doesn't need to cost a lot. Generally the thrill is in getting the bargain. As our debt is paid down , our disposable income will rise, unless we keep buying.