[quote=spdrun]Bottom line is net worth THAT CAN BE TRANSLATED TO INCOME(!) My hope for the next 2-3 years is to acquire enough income property to pay for all of my fixed expenses, so I’ll never have to be anyone’s b**ch in life. If not in SD, then in NY area. Either is acceptable in my book.[/quote]
If you’re a geek, you could already not be someone else’s b!tch…It depends on where you want to live and how you want to live.
And let’s face it, you’re eutopia of never being someone else’s b**ch in life is just a holy grail…because unless you are super rich like bill gates/warren buffett/etc, you will always be someone else’s b**ch.
So let’s explore this..
*If you are landlord, you are your tenant’s b**ch at times, especially if it comes to maintanance, repairs, or disputes. You got 10+ rental properties, you’re going to have to deal with it. And if you get a property manager to deal, you’re going to be their b**ch.
*If you own your own business, you’re your customer’s b**tch.
*And if you have a lot of passive income or active income from trading, you’re Uncle Sam’s b**ch, and at times IRS b**ch.
