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Updated about 10 years ago on . Most recent reply

User Stats

390
Posts
599
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Serge S.
  • Rental Property Investor
  • Scottsdale, AZ
599
Votes |
390
Posts

How much is enough?

Serge S.
  • Rental Property Investor
  • Scottsdale, AZ
Posted

2009 - 2012 were fantastic years to quickly accumulate wealth. Many of us took advantage and the ones that were able to buy and hold in mass have built substantial balance sheets. 

When I first started, my goal was to simply have enough passive rental income to pay my own mortgage in the case I got fired from my corporate job. Once I achieved that, the goal changed to have enough to pay for all my living expenses. Once I achieved that it became 100 doors. It seemingly never ends.

So here we are in 2015 and the game is much harder. In speaking with BP veterans it seems like we all continue moving forward. My question is, when is enough enough and what does "enough" look like. Is it $10k a month in passive income? Is it 100 doors? Or is it never enough? When do you take account of what you have and shift to work to protect your assets rather than risk them to grow further?

@Ben Leybovich @Steve Olafson @Brian Burke  interested to hear the pros that have been through multiple cycles and had the opportunity to hit critical mass in their investing careers. Also interested to hear what the plan over the next 24 months.

Most Popular Reply

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4,456
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4,295
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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,295
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4,456
Posts
Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Replied

@Serge S. , @Brian Burke 

When you say "how much", what do you mean?  Do you mean how much cash flow?  Do you mean how much wealth?

The two of you guys are the best and the brightest that I have had the pleasure of knowing.  And yet, nobody is talking about "time"...

Let me show you something:

That's Aaron and me inside the hyperbaric oxygen chamber.  This is the latest therapy we are trying in our efforts to cure autism...

Now - let's talk about time: I was in that thing with him for 2 hours yesterday.  We will repeat the process every single day for 5 weeks.

Somewhere in the middle of that, I drive both Aaron and his sister Isabella to kumon twice per week - 1 hour each way.

Aside for that, there's school - both of them are in school now...

I love and respect both of you dearly - you should know this.  But, while I don't have enough money, and I don't have enough wealth, which is why I continue to play the game to the best of my abilities, I am most concerned about time - they need my time!

I hope I have enough - time...

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