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 Retire with passive income

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mois
post Aug 10 2012, 11:04 AM

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From: Hornbill land
QUOTE(kidmad @ Aug 9 2012, 11:08 PM)
I'm also looking for the answer but i know it's not an easy one. My active income have not even reached 10k. 10k passive most probably can revisit when i gear up myself financially.
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How old are you? To reach 10k passive income, i think one need net asset networth of 2mil. As long you can perform 6% p.a you can get RM120k per year. If speaking about 30k passive, it is quite challenging in fact very few malaysians can make it. Perhaps less than 1% of the population biggrin.gif but still achieveable. Only need 6mil what tongue.gif
mois
post Aug 12 2012, 07:15 PM

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From: Hornbill land
QUOTE(Materazzi @ Aug 12 2012, 05:23 PM)
If for last 10 yrs it appreciated around 300%. Just this few yrs ago the property market here slowed  down. It's south of kuching.

Added on August 12, 2012, 5:26 pm
Our houses are quite big, around 1500sqf per house. Its his money, he also said to me not to sell his houses.

Added on August 12, 2012, 5:32 pmHere my father can own 10 properties, in kl maybe he only can buy 3 condos.  He will definitely reject it.
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You kuching people? Here landed prop cannot generate much income. Apartment or condo is better. South of kuching is around 7th or 10th mile?
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