Does anyone have the property portolio value > 5 Million?
Howdy Mensch,
My only contribution to this is that I don’t get into chest thumping about net worth… maybe it’s because it’s nowhere near what I eventually would like it to be… but it’s getting there!
Cheers
rHi Mensch,
I’m with Richmond. Net worth doesn’t pay the bills, put food on the table etc. I have a friend who has over the past year amassed close to $2 Million in negative gearing property which proves my point. That family is working to cover the cost of their investments because someone told them that capital gain is the investment tool of the century. We have been showing them how to turn their investments into positive cashflow and still benefit from their capital gain. Hopefully the message has got through. I write all this simply to discourage people from talking about net worth and start focusing on passive income.
This is the only way to ditch the job and enjoy life for what it should be.[
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