Originally Posted by
Peoloto
Yup, they are so stressed and work harder on their days off. Meanwhile the guys that just go to work and go home seem much more relaxed and more financially sound.
IDK...if I were furloughed or took a massive pay cut tomorrow, I feel much more financially sound knowing that my house (and all my properties) is being payed off by my tenants.
If they are stressed and working hard on their days off, they're doing it wrong.
Originally Posted by
Tummy
I agree. My side hustle is putting in green slips.
That only works if you have a medical and are on property. Plus...you have to go to work! I'll be on the water fishing while you're flying that green slip.
Originally Posted by
Tummy
I live well below my means, so if I lose my medical, get furloughed, or the company goes under, I'll be just fine.
Smart, same here. Because of my rental properties, I live on ~15% of my income for day-to-day stuff. This allows me to diversify by maxing my 415/IRA and still have plenty left over for other investments/toys/vacations. It also is nice for months I decide I don't want to work that hard and I drop some (or all) of my trips. Time off is a wonderful thing!
Originally Posted by
Erdude32
How much is enough? I tinker in my garage, water skiing...
For me, they're long term investments that may allow me to retire early. I don't NEED the money now, which is why I pay people to do the work on them. I'd much rather be out golfing/fishing/etc...