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 Retire with passive income

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kentchow75
post Aug 9 2012, 11:22 PM

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Didn't know all rich kia around.
10k passive income is merely like a dream to me, same to a lambhorgini

To me, there's an inflation rate happening. So a constant passive income is not enough for every future years.
I need an increasing amount of passive income to cope with the stressed inflation rate and make sure money is enough
kentchow75
post Aug 9 2012, 11:44 PM

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QUOTE(kidmad @ Aug 9 2012, 11:38 PM)
yaya now my active commitment is RM3.5k monthly. This does not include Car breakdown repair bills, when my mum no money use i give her some and etc. I think RM30k enough already la. Gonna make sure my expenditure is as low as possible still. I've maintained my active commitment at RM3k - 3.5k for the past 3 years hope it would be the samebiggrin.gif
Things will get more expensive over time, so it won't be able to be the same for your expenditure there.

But 30k passive is.. rclxms.gif
Renting 100 units of property every year?

kentchow75
post Aug 10 2012, 12:02 AM

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QUOTE(puchongite @ Aug 9 2012, 11:51 PM)
30k rental could just be one or two shoplot's rental.
*
Oh really? That could be an awesome shoplot inside KLCC.

Provided he did paid all the loans acquiring the shop and the rental is purely positive cashflow

kentchow75
post Aug 10 2012, 12:10 AM

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QUOTE(angel-face @ Aug 10 2012, 12:03 AM)
its hard to survive
*
LOL
This thread is not about surviving anymore, people are making money and bring it up to the next level which is passive income

 

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