All Forum Posts by: Allen Ho

Stage 1 - $5000/mo passive net in 2 to 3 years(40%+ there now); Stage 2 - $25k/mo and leave work force before hitting 55 and indulge in some fun cars (not exotics, but fun ol' skool stuff I never got to get when younger i.e. Honda Type-R, Audi S4, Mustang with a V8!, etc.  Technically, I can get those now, but I don't want to spending income on devaluing items, need passive income to play, also while able to enjoy); Stage 3 - Assets are f & c, set the next generation up so they don't have to worry about making a living, be able to cover for healthcare costs, and be able to spend time helping/caring/growing for both preceding and following generations.

Sorry, I don't usually post and am mostly a lurker learning from all of you. However, i feel it is time that I need to say something...that WE THE PEOPLE/INVESTORS need to be bailed out this time! I don't want to sound socialist by any means, but this stupid virus has created an economic incursion of our daily lives to which we have no time window to recover back to norm - who knows how long a recovery will take?  That being said, BANKS/LENDERS/ETC need to back off for at least 3 to 6 months if not maybe more.  These institutions which are backed by the government (which actually the government should be backing WE THE PEOPLE, not the institutions).  Maybe most of you will say that I don't understand money and money flow, but this time the flow of money has been stopped!  If my tenants don't have a job and can't pay rent due to this situation and my job doesn't pay me to cover due to this situation, but the lenders and banks still hold me responsible to pay them, then I say that this is a literal break/schism from the cycle of money and on top of it, they own/collateral the assets so, we the people/investors get the shaft while the institutions get bailed out for this situation...someone please tell my thinking is wrong on this