SugarMamma’s Fireplay My SECRET F.I.R.E Strategy - Building $200,000 p.a. passive income
Sharing with you my F.I.R.E. goals and strategy. Please know that this is not personal advice in anyway, but to be used as a source of inspiration and motivation. I value honesty and transparency and by you seeing what I have done, you will realise that you can do this too! And the sooner you get started, the better!
Furthermore, to clarify, I have build a gross passive income of approximately $180,000 p.a. (almost there), however between the 4 major asset classes that provide this, one is 100% cashflow positive, the second one is 100% cashflow positive but with a small and quickly reducing investment loan attached, the third is also cashflow positive, but with a larger but reducing investment loan attached and the fourth is cashflow negative, however I am working towards making it cashflow positive so that it can start paying itself off. I love debt and have used it wisely, but I need our passive income to provide a net passive income of $200,000 p.a.
Also, this F.I.R.E. strategy in this episode doesn't include my super. I value my super and contribute towards is regularly. However any income I eventually take from my super via an Allocated Pension will be on top of our $200,000 p.a.
In the meantime, please let me know what you think of this episode by reaching out to me @SugarMammaTV so that we can keep this conversation going.
Here are my two books:
Best Seller: The $1000 Project Book: https://amzn.to/3RV0Bnq
Mindful Money: https://amzn.to/3RV0poc
In the meantime...
HOW YOU CAN WORK WITH ME (& I CAN HELP YOU): (includes one-on-one appointment with me...)
If you need help with your budget or are sick of living paycheque to paycheque, you can enrol into The SugarMamma Budget & Cashflow Academy course, which includes a one on one appointment with me so that I can help you. Enrol here: https://courses.sugarmamma.tv/Signup
Also, if you want me as your Money Mindset & Manifestation coach, which includes ongoing access to my general help through motivation, clarity and support you can join below and put some game changing changes in your life!:
https://courses.sugarmamma.tv/join
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@SugarMammaTV – Money, budgeting, cashflow, motivation
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My YouTube channel - over 500 bite size videos with over 12,000,000 views! https://www.youtube.com/c/SugarMamma
Also, don't forget about my other podcast channel, "How Do They Afford That?" https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235
ADDITIONAL GENERAL ADVICE WARNING:
Whilst we discuss various financial topics, this podcast is not advice in anyway, but purely for educational purposes only. Nothing in this podcast is personal advice, investment advice or product advice. With any major financial decision, you must always do your own research, consider all the pros and cons, fees, caps, limits, costs, taxes etc. Always proactively educate yourself before making any major financial decision, consider your own financial goals, deadlines and risk profile. So please bear all of this in mind when listening to this podcast and please always speak to a Financial Planner when wondering what you should do to achieve your own financial goals and dreams.
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