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Author Topic: Marriage mean double your passive income, rental property mean double your passi  (Read 876 times)
kingvirtus09
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October 09, 2023, 01:36:57 PM
 #81

There are people who get married out of time or without preparation, and the only thing they do is stand up for what they have done and accept the fate that they already have a family and that married life is also prepared.

So the OP is probably referring to double your passive income, which should be for married people who are not ready or don't have the right time. Especially for young people who are not old enough or mature enough. And it's a difficult situation for that kind of person to partner with. So the marriage lawyer should really be prepared, to be honest.

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October 09, 2023, 01:43:56 PM
 #82

~~~

The author's thoughts are confused and mixed, it is written in a heavy syllable that I am not sure that I fully understood the idea that the author wanted to express. But I think the point is to discuss how your active and passive incomes are changing. Well.
Embezzlement: women do not want to pay for themselves, as a rule, you will need to pay for food and utilities if your woman is not a careerist. She will spend money only on herself. Positive: She will most likely share the mortgage payment with
you. Plus she will clean and cook, so anyway ... be prepared for a lot of spending.

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October 09, 2023, 03:14:18 PM
 #83

You can get married and achieve your dreams, as marriage is not an obstacle to achieving them. On the contrary, if you find a wife who helps you in your financial affairs, this means doubling the money that flows to you and thus achieving wealth quickly.
The solution is always to start your financial life early and financial education. If you start your financial life early, before the age of thirty you will reach the financial well-being that enables you to get married and do everything you love in your life.

Choosing the wrong wife may lead to the complete opposite and will be a failed project. Therefore, choosing the wife is what will determine whether a project is successful or unsuccessful.
Good advice, but I want you to know that it's all risky, people do change in an instant, someone who you know for the past years can become something else and they will look like a total stranger to you, it's luck for a man to get a good woman this days, even if they are good at first, in time changes might come.

Marriage is a matter of choice, I have seen people that get married and they both decide not to get kids and instead, they should take their times, the man said he isn't ready for kids yet as he comes from a poor background and it looks like a curse in their family, they are poor and all they do is bring kids into this world without looking at their financial status, he claimed his fell apart because of financial status and he doesn't want the same to happen to him.

To my surprised the wife accepts too, and she dropped her own reasons that having kids comes with such pressure and stress, that her own father and mother married for six years because they decided to give birth to her, she said they took their time and things get better before they decide to have kids.

Today many people don't reason this way, the best thing is to understand each other and try to know what you both want, people are bringing kids into the world today as if kids are bread you just buy down the street.

 
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October 09, 2023, 04:00:54 PM
 #84

Marrying for financial gain ignores the importance of love and companionship, which can lead to disappointment. Comparing marriage to home ownership simplifies their distinct values. For a more happy existence, it is critical to value real connections above money exploitation and to combine financial objectives with personal contentment.
Looking into the Financial aspect chateria in marriage does not mean one is just focusing on money alone.  Apart from love their ate other things people desire in marriage like respect, some physical qualities which can be beauty or handsomeness and other  things and I don't think if one puts Finance as a desire in marriage I don't see it to be bad and it doesn't mean their is no love too. Everyone wants a good life and if people will choose Financial stability as one of their requirements in marriage or getting a partner their is nothing wrong about it, we all know what we want.

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October 09, 2023, 04:52:37 PM
 #85

"First rental property would fund your travel expense
Second rental fund your sport car
Third rental fund your private jet
Fourth rental fund your yacht
Fifth rental fund your private island
... and so on"


... Thought many Ukrainians before 2022 Cheesy
Now there's no properties and no jets. They and their sports cars are refugees in Poland Wink

Going blind into rental properties isn't the answer. You have to consider a number of things before you waste your money on a house.

I'd also change the quote a bit.
First property buys you nothing, it barely makes any money. I have a rental property and I had to spend 10k and put in some work to fix it before I was able to rent it out. Now after all the bills and taxes it pays about 1k a month. It's been 1.5 years so I've made about 5k profit from the whole thing. Mind you, a minimum wage job pays 20k a year.

If you had 2 properties like that and combined the profit, you'd be getting minimum wage income that would take years to buy a new sports car, unless you want a Miata or something like that.

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October 09, 2023, 05:31:06 PM
 #86

Marrying for financial gain ignores the importance of love and companionship, which can lead to disappointment. Comparing marriage to home ownership simplifies their distinct values. For a more happy existence, it is critical to value real connections above money exploitation and to combine financial objectives with personal contentment.
Looking into the Financial aspect chateria in marriage does not mean one is just focusing on money alone.  Apart from love their ate other things people desire in marriage like respect, some physical qualities which can be beauty or handsomeness and other  things and I don't think if one puts Finance as a desire in marriage I don't see it to be bad and it doesn't mean their is no love too. Everyone wants a good life and if people will choose Financial stability as one of their requirements in marriage or getting a partner their is nothing wrong about it, we all know what we want.
Outside of the original post, I generally agree with you. Marriage these days shouldn't be compared to back then when everything is about love. These days we have to use both our mind and heart. Despite needing feelings and emotional connection with the significant other to maintain commitment and a harmoinous relationship, we cannot ignore the fact that we also require or look for other things. Moreover, these days with the state of the economy and just how important financial stability is, it isn't bad for an individual to look for a significant other who either have an already established financial stability or is already on the way there as it ensures them that they will have a good future together, including their future family. Being a gold digger and being practical have a distinct line that separates them from each other.

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October 09, 2023, 07:52:49 PM
 #87

       -   OP, you are obviously misleading the real definition of "marriage.", What you are saying is an assumption, and that is your opinion.
When you get married, isn't it said to the couple who are getting married, "Is this man or woman ready to be with you in hardship and infection, till sickness and in health, till death do as part".

Where does marriage mean you need to double your passive income? Even if a couple only has a single passive income, they can still leave together. Yes, passive income is necessary in married life, but it is only part of the responsibility of the husband or wife. This is not the real meaning of married life. So don't deceive people here in the forum just because of what you say. Maybe that's what you believe, but for the most part, it's not like that.

If the couple has both work, that is double the income.  If a person is poor and marries a rich one, that is not just a doubler but rather a jackpot.  Arranged marriage had been long practiced by people, so that statement you cited had long been breached.  So marriage as a tool to enhance one influence, network, and wealth is a normal thing.  @OP just make sound a bit bad because he directly stated the purpose of marrying others is to amass wealth.

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October 09, 2023, 08:59:56 PM
Last edit: October 09, 2023, 09:17:03 PM by Fatunad
 #88

Marrying for financial gain ignores the importance of love and companionship, which can lead to disappointment. Comparing marriage to home ownership simplifies their distinct values. For a more happy existence, it is critical to value real connections above money exploitation and to combine financial objectives with personal contentment.
Looking into the Financial aspect chateria in marriage does not mean one is just focusing on money alone.  Apart from love their ate other things people desire in marriage like respect, some physical qualities which can be beauty or handsomeness and other  things and I don't think if one puts Finance as a desire in marriage I don't see it to be bad and it doesn't mean their is no love too. Everyone wants a good life and if people will choose Financial stability as one of their requirements in marriage or getting a partner their is nothing wrong about it, we all know what we want.
Outside of the original post, I generally agree with you. Marriage these days shouldn't be compared to back then when everything is about love. These days we have to use both our mind and heart. Despite needing feelings and emotional connection with the significant other to maintain commitment and a harmoinous relationship, we cannot ignore the fact that we also require or look for other things. Moreover, these days with the state of the economy and just how important financial stability is, it isn't bad for an individual to look for a significant other who either have an already established financial stability or is already on the way there as it ensures them that they will have a good future together, including their future family. Being a gold digger and being practical have a distinct line that separates them from each other.
Love is the foundation but that foundation would become that weak and broken if finances arent managed well and thats the truth nowadays. Love would be nothing if you cant provide shelter and food or doesnt been able to provide those basic needs which for your family to be able to live. Sooner or later then your wife would definitely leave you if you couldnt really be able to support those things. Women nowadays becomes already that smart on which one of their main criterias on choosing someone to marry with is into those people who could really be able to make them give a good life in terms of finances. Love would really be second priority but somewhat im not really that generalizing all since not all women does really always check out about this stuff and there are ones who are really that getting inlove and doesnt prioritize about mans richness but in todays society then those numbers are really just less.

If you are a family guy and able to see and notice that your earnings arent really that enough anymore or something short then it would really be just that fine that you should really be finding to need
some extra income to support on what your family needs because marriage life and having kids needs to raise is never been easy and a life time commitment on which means that
being smart on finding other source is something that would really be that recommended on doing so.

R


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pawel7777
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October 09, 2023, 09:24:18 PM
 #89

Love is the foundation but that foundation would become that weak and broken if finances arent managed well and thats the truth nowadays. Love would be nothing if you cant provide shelter and food or doesnt been able to provide those basic needs which for your family to be able to live. Sooner or later then your wife would definitely leave you if you couldnt really be able to support those things.

If foundation becomes weak because of other factors, maybe it wasn't a good foundation at all. Foundation, by definition, is supposed to be something solid and should keep all other things together.
"Falling in love" is probably the worst reason to get married, as that feeling will wear off over time and you might find yourself sharing life with someone with completely different core values and goals. Real love is developed over time and is not based solely on sexual attraction.
If your relationship is built on strong, common values and on mature love rather than on the teenagers' idea of it, then it's not going to fall apart upon hitting financial difficulties, but quite the opposite, it will make both sides more determined to sort-out the problem.

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bayu7adi
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October 09, 2023, 10:46:33 PM
 #90

But marriage can only happens once in a life, so the gold digger is missing out so much of gain, compare to owning more than one rental property.
What if one has a spouse with significant property assets and generates substantial passive income? It may seem like a tempting prospect for a gold digger. However, a man who enters a relationship solely because of his wealth may find it challenging to discover true love, as a love triangle often emerges in such relationships – between the man, the woman, and the money.

True love is crucial, where a partner remains committed, even when one is sick or facing hardships, helping them rise again. A gold digger has the potential to accelerate the demise of their wealthy spouse and tends to prioritize money.

If I were to suggest investing in real estate, it's not a bad idea. Ensure you have ample funds and conduct thorough location research to maximize ROI quickly.
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October 09, 2023, 11:58:38 PM
 #91

"First rental property would fund your travel expense
Second rental fund your sport car
Third rental fund your private jet
Fourth rental fund your yacht
Fifth rental fund your private island
... and so on"

Going blind into rental properties isn't the answer. You have to consider a number of things before you waste your money on a house.
if only its all that rainbow with rental properties, the truth is, as a landlord someone would also need to think to mantain building if they rented a house to someone.
also the fact that there's no guarantee there's gonna be someone renting our house if we have the property. there are so many people with the same thoughts process, the only benefit is if we become landlord in a country with unaffordable housings like what happened in canada then it will be beneficial. because the economics seem to side on the landlords.
otherwise, despite the profit, sometime, there's just many problems needs to be solved.

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ancafe
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October 10, 2023, 02:37:26 AM
 #92

Marriage mean double your passive income, rental property mean double your passive income, work hard is a myths.

Come and debate. Marriage to a spouse quickly establish to a facts that you would provide financially.

But marriage can only happens once in a life, so the gold digger is missing out so much of gain, compare to owning more than one rental property.
It depends on what kind of rich family you marry into, because not all rich people look at wealth when marrying their child to someone else. However, actually marrying someone who is much richer than us will feel uncomfortable because if we don't have a much bigger opinion than him it will make us have no self-esteem, especially since our partner is a career woman. The essence of marriage is to build a happy household and a partner is willing to accompany us in building financial strength together, not just wanting to enjoy the results after achieving great success.

Therefore we don't have to marry rich people or vice versa, but we have to look for a partner who can accept each other's shortcomings. Building finances with your partner is much better because we will encourage and pray for each other. If a partner doesn't want to do that then that partner is not worth keeping because he will never be willing to live from scratch with us.

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October 10, 2023, 04:14:47 AM
 #93

Love is the foundation but that foundation would become that weak and broken if finances arent managed well and thats the truth nowadays. Love would be nothing if you cant provide shelter and food or doesnt been able to provide those basic needs which for your family to be able to live. Sooner or later then your wife would definitely leave you if you couldnt really be able to support those things.

If foundation becomes weak because of other factors, maybe it wasn't a good foundation at all. Foundation, by definition, is supposed to be something solid and should keep all other things together.
"Falling in love" is probably the worst reason to get married, as that feeling will wear off over time and you might find yourself sharing life with someone with completely different core values and goals. Real love is developed over time and is not based solely on sexual attraction.
If your relationship is built on strong, common values and on mature love rather than on the teenagers' idea of it, then it's not going to fall apart upon hitting financial difficulties, but quite the opposite, it will make both sides more determined to sort-out the problem.
As you so beautifully described a foundation as robust and unyielding, it deserves further contemplation. Many agree that a foundation, whether in relationships or finance, should be strong and sturdy. In theory, it should survive many stresses and forces without losing stability or integrity

Your observation that “falling in love” may not be the best basis for marriage, especially financially, is astute. Marriage involves both emotional and economical components. That's right. Thus, entering into such a relationship should be done with caution and foresight to ensure that the basis is not founded on ephemeral feelings but on something more lasting

Isn't real love, which evolves and solidifies, like financial stability and prosperity? It goes through life's ups and downs, victories and hardships, abundance and scarcity. Thus, when a partnership based on mature love and shared values has financial obstacles, it should strengthen the resolve to overcome them

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HONDACD125
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October 10, 2023, 08:17:36 AM
 #94

Marriage mean double your passive income, rental property mean double your passive income, work hard is a myths.

Come and debate. Marriage to a spouse quickly establish to a facts that you would provide financially.

But marriage can only happens once in a life, so the gold digger is missing out so much of gain, compare to owning more than one rental property.
It depends on what kind of rich family you marry into, because not all rich people look at wealth when marrying their child to someone else. However, actually marrying someone who is much richer than us will feel uncomfortable

Therefore we don't have to marry rich people or vice versa, but we have to look for a partner who can accept each other's shortcomings. Building finances with your partner is much better because we will encourage and pray for each other. If a partner doesn't want to do that then that partner is not worth keeping because he will never be willing to live from scratch with us.

Just like we think about our future rich people also think about their childrens future. Its not like that they have their children relationships with everyone,but they always prefer relationships between their rich people. I have seen many people who have married people who are richer than them and they are living their lives in luxury because of these rich people. So there is no harm in having relationships with rich people to make yourself financially stable. For those who adapt themselves to all kinds of situations, there is no problem in marrying such people. So in my opinion, if there is an opportunity, it should be taken.
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October 10, 2023, 08:47:46 AM
 #95

Isn't real love, which evolves and solidifies, like financial stability and prosperity? It goes through life's ups and downs, victories and hardships, abundance and scarcity. Thus, when a partnership based on mature love and shared values has financial obstacles, it should strengthen the resolve to overcome them

Exactly. The part of the problem lies with linguistics, we slap the same term ("love") on two different feelings that are distant to each other (short-lived lust Vs. long-term bond).

I have seen many people who have married people who are richer than them and they are living their lives in luxury because of these rich people. So there is no harm in having relationships with rich people to make yourself financially stable. For those who adapt themselves to all kinds of situations, there is no problem in marrying such people. So in my opinion, if there is an opportunity, it should be taken.

Meaning you would be happy to position yourself as a "gold digger" and marry someone just for their wealth and to live in luxury? If so, that's sad. Putting consumption as the top value of your life will backfire badly most of the time.

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dothebeats
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October 10, 2023, 04:03:47 PM
 #96

"First rental property would fund your travel expense
Second rental fund your sport car
Third rental fund your private jet
Fourth rental fund your yacht
Fifth rental fund your private island
... and so on"

Going blind into rental properties isn't the answer. You have to consider a number of things before you waste your money on a house.
if only its all that rainbow with rental properties, the truth is, as a landlord someone would also need to think to mantain building if they rented a house to someone.
also the fact that there's no guarantee there's gonna be someone renting our house if we have the property. there are so many people with the same thoughts process, the only benefit is if we become landlord in a country with unaffordable housings like what happened in canada then it will be beneficial. because the economics seem to side on the landlords.
otherwise, despite the profit, sometime, there's just many problems needs to be solved.
I was waiting for someone to mention this and there you finally are. I completely agree with you regarding this and perhaps OP forgot this part of rental properties and reality in general. No business or investment goes well without effort and maintenance. Earning a lot of property means higher taxes, bigger responsibility, and a lot more money needed for the maintenance of each house or rental property. Perhaps this is why a lot of rental properties are now transitioning to short-term rentals or even Airbnb, the maintenance can be too much as tenants move in and out frequently which in turn guarantees lesser wear and tear on the property.

Nevertheless, it is obvious that OP is only focusing on the excessive positive side of rental properties and has lost ground on reality.

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Broly46 (OP)
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October 10, 2023, 07:52:25 PM
 #97

...even your kids are a resource...
And your kid would start hating you en mass, they all know and hate how boomer expect you to repay the national debt lmao!

Quote
...majority of the people... never gets it...when shit ain't working, it just isn't...
Welcome to reality!

Quote
...you never can tell which way would work best...
game is rigged, house always win, why even confused about which is best?

...renting properties/real estate all easy is one who never...
lmao, need 99 years working experience, must have rich parent backing, must be royal descendent. Really! Working hard for money is so much easier, just forget rent seeking, just forget doing what the rich guy enjoy doing! Smiley

...What's the message?...
I'm bored.

Quote
...key to having financial stability is to get married?...
It is always about reaching new achievement, you look for security in life, such as security in better living condition, better health, clean air, clean water, tasty food, and most importantly, happy ending forever! You should look for new achievement, unlock all of them to achieve self actualization! It doesn't matter if it goes against traditional roles.

...simps... paying allowances or sponsoring trips...
What... it is an eye opener, btw we should be grateful internet has been doing its charm to empowering the very human nature.

Quote
...it's easy money...
It used to be easy. But the competition is insane today.

...income are not scalable... To me, that's not passive income...
You don't have much choice btw. Or you rather work for sweatshop for minima wage getting lock inside warehouse for long hours. It is passive, as it has flexible schedule, it has the option to reject offers.

Quote
...rental property you have to buy it first...
What else can you do? lmao.

Quote
...won't be able to get a private jet... just renting three...
It is certainly possible, but it could wipe most of the passive income, not a good plan for some fainted hearts who need very high security in life and very risk aversive, not to forget the cost of everything has came down quite a lot due to higher production efficiency, low cost jet can be made with less durable materials yet low maintenance. Just look at how new Russian tank and jet are falling apart quickly in the battle zone. Smiley

Self hating nerd that want to escape from reality into the cyberpunk.
Fatunad
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October 10, 2023, 09:59:57 PM
Last edit: October 10, 2023, 10:18:18 PM by Fatunad
 #98

"First rental property would fund your travel expense
Second rental fund your sport car
Third rental fund your private jet
Fourth rental fund your yacht
Fifth rental fund your private island
... and so on"

Going blind into rental properties isn't the answer. You have to consider a number of things before you waste your money on a house.
if only its all that rainbow with rental properties, the truth is, as a landlord someone would also need to think to mantain building if they rented a house to someone.
also the fact that there's no guarantee there's gonna be someone renting our house if we have the property. there are so many people with the same thoughts process, the only benefit is if we become landlord in a country with unaffordable housings like what happened in canada then it will be beneficial. because the economics seem to side on the landlords.
otherwise, despite the profit, sometime, there's just many problems needs to be solved.
I was waiting for someone to mention this and there you finally are. I completely agree with you regarding this and perhaps OP forgot this part of rental properties and reality in general. No business or investment goes well without effort and maintenance. Earning a lot of property means higher taxes, bigger responsibility, and a lot more money needed for the maintenance of each house or rental property. Perhaps this is why a lot of rental properties are now transitioning to short-term rentals or even Airbnb, the maintenance can be too much as tenants move in and out frequently which in turn guarantees lesser wear and tear on the property.

Nevertheless, it is obvious that OP is only focusing on the excessive positive side of rental properties and has lost ground on reality.
Married life does mean that you should need to find and sustain yourself specially on providing the needs of your family. When it comes to passive income then nothing beats out when it comes to real estate.
We do know on what are really that advantages on having properties on which you could really be able to flip out buy and sell or would really be having those kind of rents and this is something that would really be that ideal but ofcourse we do know that the capital needed for this kind of venture is never been cheap and this is why even how much we do really like this kind of idea or business then due to cost or value then not all would really be having the chance on doing so.


Love is the foundation but that foundation would become that weak and broken if finances arent managed well and thats the truth nowadays. Love would be nothing if you cant provide shelter and food or doesnt been able to provide those basic needs which for your family to be able to live. Sooner or later then your wife would definitely leave you if you couldnt really be able to support those things.

If foundation becomes weak because of other factors, maybe it wasn't a good foundation at all. Foundation, by definition, is supposed to be something solid and should keep all other things together.
"Falling in love" is probably the worst reason to get married, as that feeling will wear off over time and you might find yourself sharing life with someone with completely different core values and goals. Real love is developed over time and is not based solely on sexual attraction.
If your relationship is built on strong, common values and on mature love rather than on the teenagers' idea of it, then it's not going to fall apart upon hitting financial difficulties, but quite the opposite, it will make both sides more determined to sort-out the problem.
Yes, you are right but we know in todays society on which love could really be learnt up and would really be that be able to learn to love someone as long they do have the money or finances.
Yes, is not a true love but when it comes to other womens mindset on which its better to have a secure future rather than on minding their feelings which i could say that i've known some
of my friends  which is like this which it is really just that a shame on having that kind of standard or ways of living or on how they do treat up themselves.

R


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Iroh
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October 10, 2023, 10:35:38 PM
Merited by DabsPoorVersion (1)
 #99

I already saw this post earlier and failed to see the logic of the post so I decided to look at it again later, and now that I am back I still fail to see the main point of this. What's the message? What's the correlation between having sugar daddies to being married? Are you saying that the key to having financial stability is to get married? If so, millions of us could have been millionaires and billionaires by now.


The OP, if I understood enough, was going on about how your passive income should be a lot higher than your expenses. Then invited discussions if marriage to a rich individual or keeping rich boyfriends around should be classified as having a passive income since gifts that are mainly funds are coming in perhaps regularly.

Passive income are funds mostly generated from having investments/a business that has started bringing in returns. Marrying for money or giving yourself to whoever would fund a certain lifestyle aren’t passive incomes and won’t bring financial security.
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October 10, 2023, 11:49:03 PM
 #100

Lol I couldn't stop laughing, dear OP.
So you mean there is no hard work?
The only truth about your rental property part is that, only those riches who suck the blood out of poor people and pay them their hard-earned money are the ones who create properties for themselves. Actually, they create empires, so they don't give a damn about renting that property to earn anything because they know how to get their work done through others' efforts while themselves sitting in an AC room, watching their employees do the job for them. Only those who know how to take work from others can succeed in buying properties for themselves and their families (and maybe rent it to someone).

I've got friends who collectively bought a property on loan, then they kept repaying the loan out of the rent for 5 years, then they bought another house and again did the same but this time, they repaid it earlier because of 2 houses' rent (and some out of their pockets). However, you need luck here as well to find the best property in an area where you'll get a tenant looking for the same and gets it in his/her budget.

And about the marriage part, what has that to do with passive income? I'm shocked. If you think that your wife is an investment, then I believe you seriously need a break. And yeah, if she's an earner like you, then it all depends upon how you guys manage your money and the most important thing - understanding between you two.

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