15/02/2024
How I'm Building a Retirement Pension: Part 2
(Day 38 of 365 Journal Writing Challenge)
Yesterday, I shared how I'm actively building a Retirement Pension through real estate, but in a cool new way.
Well, I think it's cool because I can consistently earn 12-13% on my money, and it pays me monthly like clockwork.
I don't have to be a landlord (thank goodness).
I get to help solve a need in my community (yay).
It's not risk-free, but compared to so many other ways to invest in real estate, it seems to win every time.
You can even earn money tax-free if you deploy this strategy through a Roth IRA or similar retirement account.
This strategy is not something I just invented. People have been investing in this strategy for decades. You can find books about it all over the Internet as well. I'm actually upset at myself that it took me 20 years to test it.
I will say that all my years of practicing all things real estate has equipped me to have better results than others who might try this same strategy; I've added a number of my own tactics to lower risk exposure and maximize long-term returns.
I recorded a video today sharing how I allow others to invest with me, so they too can earn consistent passive income each month at 12% annualized returns (just like a pension).
But to be clear, this isn't some get-rich-quick scheme. Nor is it some no-money-down strategy.
Rather, it's a long-term passive income strategy, with minimized risk, that functions much like a pension.
It works great if you already have money invested in an IRA or other retirement account, or if your money is sitting in a bank not earning much money.
NOTE: I don't recommend you invest in anything if you're up to your eyeballs in debt. It's best to pay that down first.
But if you want to watch me geek out over how I'm building my retirement pension, here is a link: http://RetirementPensionProject.com
Ok, It's late, I'm going to bed...
Cheers to you and yours,
Mike T.
I've been a real estate agent/broker for 18 years. But grew tired of the 24/7 drama of keeping clients happy and making enough money to support my family. With the help and guidance of some friends I fully committed to the journey to go from real estate AGENT, to INVESTOR, to become my own best clie...