Plans for the future

[Michael_X]

Mxia,

well done for a young age you've managed to accumulate a decent number of IPs. could i ask what your strategy is when you retire at 33, meaning when you pull the pin, where is the cash-flow coming from assuming you haven't actually paid off any of the IP debts?

I don't think I could pull the pin and just retire. By financially free, I mean having the choice to do whatever I want. I have quite a few things on the bucket list like running a business, property developing, traveling, taking touch football more seriously etc

I like the phrase 'Going to bed on Sunday night looking forward to waking up on Monday morning.'

That's essentially what I want to achieve.

 

[stumpie]

I don't think I could pull the pin and just retire. By financially free, I mean having the choice to do whatever I want. I have quite a few things on the bucket list like running a business, property developing, traveling, taking touch football more seriously etc

I like the phrase 'Going to bed on Sunday night looking forward to waking up on Monday morning.'

That's essentially what I want to achieve.

Mxia

perhaps you misunderstood what i was really asking...

are your IPs producing a positive cash flow that will give you the choice to give up employment? if so what will be your strategy to get to that point?

 

[Michael_X]

Ok understood.

Yes, portfolio is positive cashflow. At this stage looking at around $30k positive.

After three years pending where the market is at, I will sell a few properties, reduce loans and live off the rentals.

I am sure over the next few years this will continue to evolve.

 

[Brady]

Ok understood.

Yes, portfolio is positive cashflow. At this stage looking at around $30k positive.

After three years pending where the market is at, I will sell a few properties, reduce loans and live off the rentals.

I am sure over the next few years this will continue to evolve.

My money is on you keeping them and going for more

 

[nhg]

I thought having multiple GF's can land you in all sorts of trouble...... oh hang on, not those sort....

The Y-man

Been there, done that. I created a formula to denote how the no. of GF I had at one time influence the number of GF I managed to build in the same period.

5xGF = 1xGF

I feel in my older age I am much more inclined to get it the other way around.

 

[Michael_X]

My money is on you keeping them and going for more

Haha, I suspect you are on the money here