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Yeah, there's nothing like already being rich. This is terrible advice, not everyone has rental properties or passive income.
by pxndx 8y ago
Yeah, there's nothing like already being rich. This is terrible advice, not everyone has rental properties or passive income.
- adamcharnock 8y agoIndeed they don’t, but that doesn’t make this bad advice. S/he is explicit about their financial security, and this advice may be useful to some.
- jobserunder 8y agoI'm not rich. But I am pulling in about $800/month in passive income from an investment of about $30k into a multiplex and living for free. If more people saved 30k to buy a multiplex (and lowered their standard of living) instead of buying a 40k vehicle (and accepted driving a $5k used vehicle)... then they would also have the same security of pulling income. It will only take a few years of sacrifice and careful saving to achieve this. But it is worth it.