All Forum Posts by: Daniel Peavey

I worked overtime .  I'm in, or was 😊 A industrial electrician.  I worked many weekends.

First i paid my house off

Then saved about 20k

Key:  is buying houses low

You make money when you buy

Also borrowed against 401

My ROI was over 60 percent

I took no profit

Sent in at least 1k a month to pay off 4 properties

I still have a few mortgages

But enough cash to pay off

Keep some mortgages to reduce my taxes

And remember cash still king

To purchase more cash cows

interesting!!  How does that work??

I have my own electrical company also

Sean it depends on how much I want to work lol

The great thing with investment income is I'm not penalized

If I decide to work electrically I will probably wait

Depends on how many 4 k electrical services I do lol

Thanks for help

I'm here to help Patrick

Ask me anything

Stay focused and keep your vision

Walk not in feelings

And never let outward circumstances deter

hi Rob, I'm originally from Malden Mass

Thanks!

Jill, 

Love that!! Hampster wheel, lol

Jill, it feels unreal!!!

Like on a cloud!!

Victorious!!!  The rat race conquered!!

Sean, 

Great info.  Question!!  If I take social at 62, and continue to invest, will my social security still be excluded from penalty, even though I still produce more passive income??

anyway I can help Allen

Just ask

Or vice versa

ann

It is weird!  It is unbelievable freeing

Yet we don't realize how security conscience we are, especially my generation because we were taught to get a good job with benefits 

Sean, if I take social security at 62, they penalize me if I make over 15k

I know that is w2 income

But is it investment income also??