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Author: dozer183e Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1498  
Subject: Re: RWOL By Having Alternate Income Date: 12/6/2004 5:16 PM
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In response to the question above, one of the major changes is that I gave my notice at my current "job". I started my own business, which has been very successful, and the bonus is, what I do is flexible and requires 1/2 the hours to exceed my current "job" income. I don't consider myself "retired" per se, but I'm definitely out of the "work" force.

We've purchased another property again (we had several before and sold them all when we moved cross country) and we are in the process of buying another multi-family property. We are working on creating residual income via real estate (plus our retirement accounts) which should enable us to be totally "free" within 8-10 years tops.


This is very much in line with what I am doing/hope to do. For quite sometime I have been investigating Real Estate as an investment. I have some working capitol, and would like to make the move and do it full time. I am currently working on a new construction development that should earn me 3 times my current salary by June. With this money I'll put away 1 year living expenses (1/3 of the profit) and use the rest to really get my own business going. I also may invest in some long term properties for rentals, though my focus is on fixers and new developments.

Dozer
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