- Joined
- Nov 16, 2010
- Messages
- 33
2 questions:
Realistically, how long would it take to replace an earned income of 140,000.00 annually...with passive income from real estate investments, if one invested aggressively, keeping in mind my wife and I are just starting out?
Secondly, I can increase my annual income ( to the 180,000.00 range), but means changing employment and time away from family...a short term negative for a potential long term positive. It would increase my investment capacity, and could possibly expedite the process of reaching my goal. (The goal: To replace my earned income within 5 years with passive income...and make my passive income resource my full time responsibility)
I am not looking for a get rich quick scenario...but honest results due to serious effort, education and the equipping of positive networking.
Anyone willing to offer feedback as to whether the income earning shift could be beneficial, or maybe the income shift is not really necessary? Secondly does anyone think my 5 year goal is exceedingly unrealistic? I know it is attainable, but I am not 100% sure if the time line is going to make it a frustrating experience?
Please keep in mind that my wife and I just starting out. However we have made a conscience decision to move forward, and are deeply committed to building our business in investing in Real Estate.
Looking forward to reading the responses.
Regards,
Dave.
Realistically, how long would it take to replace an earned income of 140,000.00 annually...with passive income from real estate investments, if one invested aggressively, keeping in mind my wife and I are just starting out?
Secondly, I can increase my annual income ( to the 180,000.00 range), but means changing employment and time away from family...a short term negative for a potential long term positive. It would increase my investment capacity, and could possibly expedite the process of reaching my goal. (The goal: To replace my earned income within 5 years with passive income...and make my passive income resource my full time responsibility)
I am not looking for a get rich quick scenario...but honest results due to serious effort, education and the equipping of positive networking.
Anyone willing to offer feedback as to whether the income earning shift could be beneficial, or maybe the income shift is not really necessary? Secondly does anyone think my 5 year goal is exceedingly unrealistic? I know it is attainable, but I am not 100% sure if the time line is going to make it a frustrating experience?
Please keep in mind that my wife and I just starting out. However we have made a conscience decision to move forward, and are deeply committed to building our business in investing in Real Estate.
Looking forward to reading the responses.
Regards,
Dave.