Most of my life, I’ve been an employee. For the most part, it’s been a good living and I have no complaints about the workability of the employee model, it has put food on the table and supported my family. Recently, an associate at work retired, and I decided to ask him his plans. And while he has a few personal projects going on, for the most part he said he doesn’t have much in the works. No big plans to tour Europe for a month or year… He’s not going to talk to the mortgage brokers sydney company, and buy a house in Australia. In fact, he has no travel plans at all!
Since he had no big plans, it piqued my interest on what he would have done it he had it all over to do again, so I asked him. Surprisingly, he said he wouldn’t have stayed with my current employer so long. This was a surprise to me considering he was well liked and seemed happy most days. His statement has motivated me to create more choices for myself!
Money recycling
Jumping back a few years ago, I first started exploring the entrepreneur route with selling stuff on eBay. And while I learned skills I didn’t previously had, and it was a boost in confidence, it wasn’t for me. Next I started blogging, and it’s been more of a hobby than a total revenue stream, but I do make more blogging that I did with selling stuff on eBay. Plus it’s much more fulfilling and profitable.
Now I’m at the stage where I want to explore real estate. I plan on starting out small with a duplex (or triplex) for the first year, just to get my feet wet. Then as my investment money builds up for the next potential property, I’ll buy a larger unit (hopefully).
With the investment property, that will mean that I now have income coming from the following sources:
- Employment Income
- Entrepreneur Income
- Passive Income (via dividend stocks)
- Passive Income (via real estate)
So now I’m back in the deep learning phase of my life to learn about all elements of real estate. I’m even thinking about getting a real estate agent license.
Cheers,
MR