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  1. #451
    Registered User samsbolton's Avatar
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    Originally Posted by Gizzyhardcore View Post
    b

    Sam, I know you're fn stupid, you keep proving this again and again. But at least give me a glimmer of hope....

    Can't you see how wrong you are? - if you use 500k as your investment, then you don't need a mortgage - you have fully funded it yourself.
    So why then are you also including mortgage costs? - if you fully fund it, you don't have a mortgage.

    And don't use this "it's how we do it in the UK" thing, I worked in the UK 2.5 years. It's not the "UK" , it's you - you don't understand basic financial concepts.

    Everyone in this thread is telling you you are wrong and mocking you. I made you do that ROI example cause I knew you had no idea how to do it lol.
    What is this 'don't need a mortgage ' rubbish? What post did I say that in?

    The only thing you are measuring with your (made up, can't be referenced anywhere on the entire internet) method of calculating roi is.. how leveraged you are. So what? I have an 80% mortgage. I have a 60% mortgage. WHATEVER. Your method doesn't tell you anything at all about the profitability of an investment which is the whole friggin point..

    Twat.
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  2. #452
    Registered User Gizzyhardcore's Avatar
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    Originally Posted by samsbolton View Post
    What is this 'don't need a mortgage ' rubbish? What post did I say that in?

    The only thing you are measuring with your (made up, can't be referenced anywhere on the entire internet) method of calculating roi is.. how leveraged you are. So what? I have an 80% mortgage. I have a 60% mortgage. WHATEVER. Your method doesn't tell you anything at all about the profitability of an investment which is the whole friggin point..

    Twat.
    lmao you are an absolute retard.

    You strongly strongly imply your example uses a mortgage, BECAUSE YOU INCLUDE MORTGAGE PAYMENTS.

    Originally Posted by samsbolton View Post
    Not looking up exact figures but 375k at 5% is about 1700 pcm.

    Rent about 3400pcm

    So roi is 3400k * 12 (40,800) minus mortgage (20,400) = 20,400, then divide into the cost of the house (500k) so about a 4% roi.
    your "investment" is what you put it. There are no 2 ways around this.

    If your investment, as you defined in your "ROI" calc, is $500k, then you have paid for the whole thing yourself. You therefore don't need a mortgage.

    So I ask you again, you minimum wage, poorly educated bum, if you fund the whole thing (the whole 500k yourself), then why do you need a mortgage? why have you included it in your ROI calcs???

    If you fund the whole thing yourself, the whole $500k yourself, then you don't have mortgage costs. You simply have the 800 per week rent / the $500k = 8.32%

    But for some reason you have put mortgage costs in there. You deduct non existent mortgage costs off the rent for some reason.

    You're poorly educated ass is so confused and embarrassed by this thread, you do the investment part as though its funded outright (no leverage) but then do the cashflow part as though it is (by including borrowing costs - and you even get this wrong, only the interest component is a borrowing cost).

    Mortgage costs = borrowing costs, which you only have, if you have a loan. You do not have a loan, if the property cost $500k, and your investment in it is $500k - this mean you brought the whole thing outright.

    Are you really this fn dumb? I know your'e min wage, but this is beyond comprehension of financial principles, its going into simple logic now.







    Jokes bro I'm toying with you now, I acknowledge your IQ is probably bottom 10th percentile, and that you don't understand a thing I am saying.
    Last edited by Gizzyhardcore; 03-03-2017 at 02:33 AM.
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  3. #453
    Born To Roam PatrickDurden's Avatar
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    Originally Posted by Jms89 View Post
    Slot machines are passive right?
    Very passive
    Don't just stare at it, eat it.
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  4. #454
    Registered User DrunkPanda18's Avatar
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    Originally Posted by ashin1 View Post
    actually i did rent a property it was under my name, it was also agreed between me and my land lord i could have roommates as long as he got his $900 every month.

    I bought property in April, i borrowed $45k(already paid them back $10k) from my parents to buy some land, I bought a trailer and paid for it to get moved hooked up, and chit. I basically contracted the whole thing to become a livable space with my own cash. so no banks or mortgages were involved.
    i receive $500 for rent. plus now i make anywhere form $600-$700 a month on dividend income so every month im bring in over $1000 passively





    still mad?
    JUST FUKKING LOL @ borrowing $45k interest free from your parents. Most people don't have that option, you potato. Acting like you are some success because you leached off your parents, plz go. No, you didn't do it "with your own cash" you fukking idiot, you just said a couple sentences up that you are doing it with daddy's money.

    You probably think I'm "mad" because I'm jealous. No, I just hate when idiots that get everything handed to them in life think they are qualified to give advice to other people that have to make things happen for themselves

    I am planning on buying a rental property soon, but unlike your dumbazz, I'm doing it with money that I earned and getting financing from sources that are actually available to normal people (the bank). Not letting mommy and daddy carry me and then acting like I did everything
    Last edited by DrunkPanda18; 03-08-2017 at 07:48 AM.
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  5. #455
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    Misc version of passive income = Parents
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  6. #456
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    Trying hard to get passive income..

    Hoping my online stores actually can make me 1k a month
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  7. #457
    Registered User DrunkPanda18's Avatar
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    Originally Posted by SmokeyNYY View Post
    Yeah you are right.

    Passive income is the way to go

    100 g's a year in dividends is pretty tight

    upload image online free
    Fuk dude, mirin... do you mind telling me how much principal you have invested to get that much in dividends?
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  8. #458
    Registered User iceypain's Avatar
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    Originally Posted by DrunkPanda18 View Post
    Fuk dude, mirin... do you mind telling me how much principal you have invested to get that much in dividends?
    probably close to 2M
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  9. #459
    Registered User ashin1's Avatar
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    Originally Posted by DrunkPanda18 View Post
    JUST FUKKING LOL @ borrowing $45k interest free from your parents. Most people don't have that option, you potato. Acting like you are some success because you leached off your parents, plz go. No, you didn't do it "with your own cash" you fukking idiot, you just said a couple sentences up that you are doing it with daddy's money.

    You probably think I'm "mad" because I'm jealous. No, I just hate when idiots that get everything handed to them in life think they are qualified to give advice to other people that have to make things happen for themselves

    I am planning on buying a rental property soon, but unlike your dumbazz, I'm doing it with money that I earned and getting financing from sources that are actually available to normal people (the bank). Not letting mommy and daddy carry me and then acting like I did everything
    i must say it sure feels good not having to pay interest on a 45k loan!
    LOL @ your broke parents

    feels good to know my kids will have their lives set from the moment they are born

    so if my parents loaned me 45k and my net worth is over a .25M where did i get the other monies from?

    its called working maybe you should try it out you may like it
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  10. #460
    ▪█───────█▪ Cre8tiveLifter's Avatar
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    Originally Posted by ashin1 View Post
    its called working maybe you should try it out you may like it
    getting a good head start by getting $45k from your parents makes you that much ahead of the game. plus the fact that all of us have "poor dads" versus you having a "rich dad" that gives out good no bullshyt financial advice. you were spoon fed you phaggot.
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  11. #461
    Registered User ashin1's Avatar
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    Originally Posted by Cre8tiveLifter View Post
    getting a good head start by getting $45k from your parents makes you that much ahead of the game. plus the fact that all of us have "poor dads" versus you having a "rich dad" that gives out good no bullshyt financial advice. you were spoon fed you phaggot.
    Dat feel when you make more money than your parents, then again you probably don't know this feel lol
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  12. #462
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    Originally Posted by quadfecta View Post
    He's right. A couple rental properties will yield enough to pay the mortgage but it's not like you're banking significant returns to increase your net worth.
    a $300k mortgage gets paid down over $40,000 over the first five years, $95,000 over the first ten.
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  13. #463
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    Originally Posted by ashin1 View Post
    Dat feel when you make more money than your parents, then again you probably don't know this feel lol
    of course you grew up poor. Only poor people talk about money non stop.
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  14. #464
    Registered User FFailed's Avatar
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    Originally Posted by ashin1 View Post
    i must say it sure feels good not having to pay interest on a 45k loan!
    LOL @ your broke parents

    feels good to know my kids will have their lives set from the moment they are born

    so if my parents loaned me 45k and my net worth is over a .25M where did i get the other monies from?

    its called working maybe you should try it out you may like it

    who says 250k as .25M lol
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  15. #465
    Registered User ashin1's Avatar
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    Originally Posted by Frank Drebin View Post
    of course you grew up poor. Only poor people talk about money non stop.
    Tfw mom/dad would buy me new skateboard shoes every 1-2 months feels good man
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  16. #466
    ▪█───────█▪ Cre8tiveLifter's Avatar
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    Originally Posted by ashin1 View Post
    Dat feel when you make more money than your parents, then again you probably don't know this feel lol
    I've still yet to see a single bank statement of your earnings. You could just be a douche aspiring to have passive income, but don't have much of anything yet. I see a troll in here.
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    Originally Posted by Cre8tiveLifter View Post
    I've still yet to see a single bank statement of your earnings. You could just be a douche aspiring to have passive income, but don't have much of anything yet. I see a troll in here.
    Nah it's legit. It's cute he thinks that a net worth of 250k and an income of 135k while living in buttfuk no where is a big deal though.
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    Registered User jiujitsubro's Avatar
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    Originally Posted by Cre8tiveLifter View Post
    getting a good head start by getting $45k from your parents makes you that much ahead of the game. plus the fact that all of us have "poor dads" versus you having a "rich dad" that gives out good no bullshyt financial advice. you were spoon fed you phaggot.
    This.

    I strongly dislike or do not listen to people who give out advice that have never had good financing themselves to begin with. Especially the older generation.
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  19. #469
    Registered User ashin1's Avatar
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    Originally Posted by Frank Drebin View Post
    Nah it's legit. It's cute he thinks that a net worth of 250k and an income of 135k while living in buttfuk no where is a big deal though.
    You sound like you are trying to find a way to cope...
    At least you are trying lol



    Originally Posted by jiujitsubro View Post
    This.

    I strongly dislike or do not listen to people who give out advice that have never had good financing themselves to begin with. Especially the older generation.
    that's okay brah, not all of us will make it and I'm glad it's that way, can't have winners without loser
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  20. #470
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    Do investments count? Or are you people talking about an income stream? Such as a rental property?
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    Originally Posted by 7rmr View Post
    Do investments count? Or are you people talking about an income stream? Such as a rental property?
    Investments totally count, investments alone have provided me over $1300 in 100% passive income since Jan 2017
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    Originally Posted by ashin1 View Post
    investments alone have provided me over $1300 in 100% passive income since Jan 2017
    How much did you invest for that income?
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    Originally Posted by ashin1 View Post
    Investments totally count, investments alone have provided me over $1300 in 100% passive income since Jan 2017
    I guess so. I never look at investments as income since I intend them to be so long term that I won't actually use the income from them until retirement (for some) or a few years from now (for others)
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    Originally Posted by 7rmr View Post
    I guess so. I never look at investments as income since I intend them to be so long term that I won't actually use the income from them until retirement (for some) or a few years from now (for others)
    to me, the goal during your earning years is to increase your net worth as much and as fast as you can; this doesn't necessarily have to be done through passive income/dividends etc as those income vehicles can always be purchased when required.
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    Originally Posted by ashin1 View Post

    feels good to know my kids will have their lives set from the moment they are born
    your kids will hate you, just like everyone else you know
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    ITT Op got his first Adsense check this month for $1.36 and now we're all phaggots cuz no passive income
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    Originally Posted by ProboscisMonkie View Post
    Trying hard to get passive income..

    Hoping my online stores actually can make me 1k a month
    Amway is a scam bruh
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    Originally Posted by Cre8tiveLifter View Post
    How much did you invest for that income?
    I got about $220k invested in 22 different companies



    Originally Posted by 7rmr View Post
    I guess so. I never look at investments as income since I intend them to be so long term that I won't actually use the income from them until retirement (for some) or a few years from now (for others)
    Yeah if you have investments in a non registered account and you receive dividends, you'll probably get a tax slip, I got a T5 from one of my accounts.

    Originally Posted by Frank Drebin View Post
    to me, the goal during your earning years is to increase your net worth as much and as fast as you can; this doesn't necessarily have to be done through passive income/dividends etc as those income vehicles can always be purchased when required.
    Best time to accumulate wealth is when young, time is a rich persons friend

    Originally Posted by letitride0 View Post
    your kids will hate you, just like everyone else you know
    Sometimes random people approach me when I'm not at work and thank me for being so good with there children when they were sick.
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    Originally Posted by xeron View Post
    ITT Op got his first Adsense check this month for $1.36 and now we're all phaggots cuz no passive income
    Never collected any Adsense rev, one time got a $100 gift card for amazon from a reader that was pretty cool
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    Originally Posted by ashin1 View Post
    google is your friend, and so are books

    pick something that interest you make sure the book has good reviews buy it read it profit?

    that's how i got started with investing, i seen a book called the lazy investor seen it had good reviews, bought it read it and now I'm profiting
    inb4 op is the author of the lazy investor
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