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Where do you make most of your income/wealth?

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Solly

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Where do you make most of your wealth/income from?

Is it income form a plain old JOB/work, investment income from trading and the like or a combination?

Or do you just live off your piles of cash....:
 
At the moment most of my income is from full time work.
In the future it will be from
part time work,
property (collection of rent)
and shares (dividends)
If at any stage I earn more than I need to live I plan to invest it in shares.
 
Solly said:
Where do you make most of your wealth/income from?

Is it income form a plain old JOB/work, investment income from trading and the like or a combination?

Or do you just live off your piles of cash....:
Click to expand...

Solly wealth and income is different.

At present my income is roughly 60/30/10 wages/investment income/passive

My wealth at present is roughly 30/30/40 property/shares/cash

You'll probably note that there is a little section up there in income which doesn't make a lot of sense.

Passive income is income that I have earned that keeps going into perpetuity with no further effort on my behalf. An example of such an income would be a patented invention, a song, a novel etc. This type of income is passive in that once the initial effort is expended, the asset continues to produce an income stream. It's even a willable asset and able to be protected under a trust structure. It's a great income source. I heartily encourage everyone to invent/craft/create/write/compose something and then sell the licensing/copyright/distribution/film rights. If it's hugely successful (Think Harry Potter or Twilight series) you'll never have to work again.

Cheers

Sir O
 
been self employed for 20 years....bought property for my future , my super...but not in a superfund.....then because the commercial property generated so much more income, more than I had budgeted for,,,it gave me an early semi retirement income..., so instead of working....and earning more money....I opted for the lazy way out.....and cut down my hours....(it is becoming rather boring now)

I had also been trading shares which contributed...but sold all but a few in Oct 08
so now its about 40% self employed and 60% passive income from rents...I dont count the miserable return of interest income
but now with the reduced interest rates on my properties....so far saved 15,000 pa or more, on 2 loans and expecting to save another 15,000 pa when I refinance another later this year...so the passive rental income will increase
I can increase my working hours if I wanted to....
 
Income.--Company.
Wealth---Property./Company asset.

Trading pales when compared to these.
 
my shares contribute to my headache fund only at present : )

hopefully will finish work before age 80 lol

jonny
 
hello,

how long for another money box to be ready for rent Sinner? 12mths?

Thankyou
robots
 
question for tech a...and others in business.....
are you laying off staff....what industry is your business in...if you dont mind answering....
and property....resi or commercial

how do think your business will be going forward for the next year....do you have credit or require credit...will that be a problem....
just trying to get a feel for what small business thinks...rather than all the media blasts
 
selling automated traders for $195 with a free ebook from award winning author napoleon hill 'think and grow rich'.
 
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