Hi all,
I am very happy to be in contact with some new friends. Here's my story. Married. Two high income "E's". Living the typical middle class life, paycheck to paycheck, in debt, and literally one medical emergency away from total financial disaster. Husband ill. Medically disqualified from job. Forced into medical retirement. I resigned about 6 months later. Income (earned) reduced from more than $120,000.00 to less than $20,000.00 (passive). That may have been OK but we foolishly cashed out what we had in our 401K's to live instead of restructuring our financial plan. We soon realized our error which resulted in a bankruptcy and forclosure. Once we were able to remove emotion from the equation it became very clear what we had to do. We learned to live within our means. We continued our financial education and we focused on living off only the passive income. We managed to do that while renting but realized that we were not moving forward beyond that. We decided there was no better time to move into our retirement phase. We relocated. That made us homeless for about 2 weeks but it was just another hurdle to jump. We landed in the area of our dreams. The move took us to a lower cost of living area and now we actually ended up with some disposable income with which to invest with. We knew are goal was to continue building our passive income to increase our comfort. We are both working "jobs" again, but this time they are retirement jobs. My husband does his for fun. Mine is another high paying "E" position but I have a ton of down time to devote toward other interests...like building my passive income, or writing this thread. My friend and I have started a new property management company/real estate investing company. We currently have 3 vacation rental properties to manage, 2 that are owned by my friend. I developed our static web site. It is nothing fancy. We do have some passive income from the properties but right now we are concentrating on the development of our business' systems. We also plan to continue our property inventory and continue increasing the passive income.
Glad to be here and looking forward to hearing from you all!
I am very happy to be in contact with some new friends. Here's my story. Married. Two high income "E's". Living the typical middle class life, paycheck to paycheck, in debt, and literally one medical emergency away from total financial disaster. Husband ill. Medically disqualified from job. Forced into medical retirement. I resigned about 6 months later. Income (earned) reduced from more than $120,000.00 to less than $20,000.00 (passive). That may have been OK but we foolishly cashed out what we had in our 401K's to live instead of restructuring our financial plan. We soon realized our error which resulted in a bankruptcy and forclosure. Once we were able to remove emotion from the equation it became very clear what we had to do. We learned to live within our means. We continued our financial education and we focused on living off only the passive income. We managed to do that while renting but realized that we were not moving forward beyond that. We decided there was no better time to move into our retirement phase. We relocated. That made us homeless for about 2 weeks but it was just another hurdle to jump. We landed in the area of our dreams. The move took us to a lower cost of living area and now we actually ended up with some disposable income with which to invest with. We knew are goal was to continue building our passive income to increase our comfort. We are both working "jobs" again, but this time they are retirement jobs. My husband does his for fun. Mine is another high paying "E" position but I have a ton of down time to devote toward other interests...like building my passive income, or writing this thread. My friend and I have started a new property management company/real estate investing company. We currently have 3 vacation rental properties to manage, 2 that are owned by my friend. I developed our static web site. It is nothing fancy. We do have some passive income from the properties but right now we are concentrating on the development of our business' systems. We also plan to continue our property inventory and continue increasing the passive income.
Glad to be here and looking forward to hearing from you all!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Last edited:
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
