Day 12

Unless you have a lot of starting capital or a long time, investing in shares and your KiwiSaver is unlikely to get you into the millions you will want by the time you retire.

Shares are likely to be volatile and you cannot easily control the results of your investments… your returns are strongly impacted by the market and require you to either employ an active manager, choose the stocks yourself, or trust/hope that a passive fund does what it is supposed to do and produce steady returns.

If you want to stop trading time for money and utilise leverage that allows you to start making million-dollar plays, then property investing is a much quicker pathway for a lot of people compared to other options.

Setting your passive income goal as a number, like $200,000 a year, gives you a target to reverse engineer from. We can assess how many property investments you need to make between now and then, and how much debt/leverage is reasonable and safe to help us get there.

Passive income is about creating Financial Freedom. You earn what you need from your investments without daily effort allowing you to spend your time on whatever makes you happy.

Blandon’s video on the 3 stages of passive income (week 8 of the course) is a broad overview of the pathway when using property investment as your vehicle.

If you want help reverse-engineering the numbers then fill out mhq.co.nz/profile and let’s get a spreadsheet going for you. If you are not quite ready to do anything just yet, update your snapshot for some quick insights www.mhq.co.nz/snapshot