- Joined
- Oct 10, 2019
- Messages
- 21
First things first,
* I read The Millionaire Fastlane and loved it!
* I read Unscripted (and keep re-listening on Audible periodically while driving), love the principles, love the style even more.
In January 2022 I turned my corporate badge in and said goodbye to my W2, bi-weekly paycheck, and cheap medical insurance.
I have achieved the Unscription via rental properties. Now I earn more than money, I earn time (Chapter 36).
The high level process was as the following:
1. Read Rich Dad Poor Dad. MJ kind of mocked Robert yet principles both authors preach are 100% in sync, so I focus on what's important - the principles vs. mockery. Grant Cardon mocked Robert too yet what Grant preaches is 100% same what Robert did 20 years back. Love Grant's books and style as much as MJ's though.
2. Anger as in "it cannot be true!" followed by "why no one told me this before?!"
3. Running numbers and further research that supported everything I read.
4. 2016 - Purchasing my first rental to test full cycle, following few more purchases the same year after gaining confidence.
5. Going into equity growth mode - getting my hands on every possible financing to buy more rentals as long as they cash flow positively.
6. Inflection point - generating enough passive income to sustain my life style.
7. 2022 - Saying goodbye to my day job.
8. Going into value mode - focusing on cash flow growth vs. equity growth.
9. Unscription.
Yes, passive income is possible.
Yes, it requires time and effort to get to it.
* I read The Millionaire Fastlane and loved it!
* I read Unscripted (and keep re-listening on Audible periodically while driving), love the principles, love the style even more.
In January 2022 I turned my corporate badge in and said goodbye to my W2, bi-weekly paycheck, and cheap medical insurance.
I have achieved the Unscription via rental properties. Now I earn more than money, I earn time (Chapter 36).
The high level process was as the following:
1. Read Rich Dad Poor Dad. MJ kind of mocked Robert yet principles both authors preach are 100% in sync, so I focus on what's important - the principles vs. mockery. Grant Cardon mocked Robert too yet what Grant preaches is 100% same what Robert did 20 years back. Love Grant's books and style as much as MJ's though.
2. Anger as in "it cannot be true!" followed by "why no one told me this before?!"
3. Running numbers and further research that supported everything I read.
4. 2016 - Purchasing my first rental to test full cycle, following few more purchases the same year after gaining confidence.
5. Going into equity growth mode - getting my hands on every possible financing to buy more rentals as long as they cash flow positively.
6. Inflection point - generating enough passive income to sustain my life style.
7. 2022 - Saying goodbye to my day job.
8. Going into value mode - focusing on cash flow growth vs. equity growth.
9. Unscription.
Yes, passive income is possible.
Yes, it requires time and effort to get to it.
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