passive, they dont get it... while they are out their, slaving away in employment some of us, simply hang out, doing other things... having a good time, doing whatever we choose
we dont need to work 40 to 80 hours a week, bringing in a wage when we can sit back and watch the money flow in... with very little effort on our part sure there was some work in the initial stages, setting it up...managing the property... but it mostly looks after itself some of us semi retired, the income is so good... some PI's I know, only work part time now... to stop the boredom and if you get it right...with the long term view, then retirement is a breeze....from whatever age one chooses we are not dependent on waiting for pension age... nor worrying about if there will be enuff super, after the carnage on the stock market... where most super money is invested
not all the money arrives each month, but every now and again, there is a monster deposit in the bank account.. to reflect the passive income, that has been accumulating for the last couple of years plus it comes with a 50% discount on the tax on the profits, or income... just 5 houses, with a low mv of 300,000 earning capital gains at 10% pa, equates to 150,000 a year, accumulating in the background same houses returning just 5% gross income, is 75,000 pa
and best of all, it is inflation proof....
unlike cash at the bank, that loses 10% of its buying power every year...from inflation
I guess our new age of geniuses, can only learn the hard way....since the education system let them down...
education versus ignorance....everyone has the choice
on the subject of new homes... all those taxes and charges, plus the carbon tax.... and then built in the outer suburbs..... will have a flow on affect.... on the prices of established houses
