One Crazy Idea Is Now Set To Make $30k Passive Income.

More than 20 years ago I reached the point in my investing career where I was making so much passive income that I really didn’t need to work anymore.

 

And that’s exactly what I chose to do…

 

I packed up my possessions and moved up to Byron Bay where the climate was warm enough to surf every morning (without having to freeze my brass monkeys off) and live a relaxed life.

 

I’m now doing what I can to help others achieve the same thing, only faster.

 

Of course living the “relaxed lifestyle” didn’t last long…

 

All my financial needs were met… but I was bored witless. I was rattling around my big home like a 5c coin in a beggars tin can. I didn’t know what to do with myself.

 

So I occupied my time with my passion… property investing.

 

Some things don’t change.

 

Now I start every day down at the beach catching some waves, then I go for a smoothie with some mates afterwards, and finally make my leisurely way back to my home office to see what’s going on in ‘property land’ that needs my attention.

 

I usually have a few projects on the go…

 

I also live on 110 acres which has some luxury guest accomodation on it… Short term holiday letting is even one of the modules in my course… Why? Because it makes for some amazing cashflow.

 

I recently bought an old 40 foot motor cruiser and had it plopped into one of the dams on the property… It’s going to become the next bit of accomodation on the property…

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I had a vision of guests sitting out on the deck having a drink… but it’s in my dam… The idea tickled me because I love sailing.

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Right now it looks like it’s going to cost me around $30k to complete and do up… and it’s going to make me an extra $30k a year in income.

Am I doing it for the money? Partially… the extra $2500 a month will be great… but really it was just a fun idea that caught my attention and made me smile.

 

Usually, when people work for a living (like most of the population) you make choices based on things you ‘have to’ do to survive.

 

They ‘have to’ go to work…

 

They ‘have to’ pay the bills…

 

That’s the thing that comes when you live on passive income from commercial property. Your choices change… You start to make choices based on desire… you start to choose things that will be fun & amusing (and also profitable).

 

You start to choose things that will both make you money, and provide you with joy…

 

On the one hand it’s amazing being able to live live like that, and on the other hand it saddens me that it’s so close for so many people and they dont even realise it.

 

Most people just don’t realise that they probably have enough money in their super to start investing in Commercial right now.

 

That they have enough equity in their houses to replace their income with commercial property… and start living on passive income right now.

 

But instead they remain ignorant… they argue their ‘have to’s’. They say whatever they have to say to remain victims.

 

It’s painful.. especially when I see so many people with amazing gifts that are being wasted because they spend all their time at work, instead of following their passions and interests.

 

I laugh when I hear people accuse me of being a “spruiker” or making my money selling people information about commercial property… or the funniest one of all… that I’m just out there to rip people off by selling my hard won knowledge…

 

Seriously, some people will do anything… say anything to remain victims.

 

Of course I charge for my knowledge… it cost me… and it has value… A lot of value.

 

It also allows me to buy more property… so that’s fun.

 

But there’s more to it that that…

 

I care about the people on my course. These guys have trusted me to share with them strategies for investing in such a way that they can create fantastic cash flow.

 

So I help where I can. I search for good looking properties around the country and show them why each piqued my interest…

 

They get to look over my shoulder as I search…

…as I do the calculations to work out the numbers… seeing whether it’s wants more investigation or whether they should move on…

 

…it’s the best way to learn.

 

You’ve got to get the knowledge… and you’ve got to take the steps to make changes…

 

Otherwise, you’re just wasting your life.