Giving Up $300k/Year to Find Passive Income in Portugal скачать в хорошем качестве

Giving Up $300k/Year to Find Passive Income in Portugal

Passive income is a must, especially if you’re trading your life in America to start living in Portugal. Why Portugal? Besides the climate, coastline, and comfortable cost of living, Portugal allows today’s guest, Brandy, to live abroad with a passive income visa. Brandy already works remotely, but will be giving up a significant amount of her income once she makes the move. Brandy has multiple streams of income—her contract work, her eBay business, her rental portfolio, and her husband's job. In total, this comes out to a handsome $300k per year, and that’s on top of the million dollars worth of equity that sits between her vacation rentals and her primary residence. But what’s the point of so much equity if you can’t use it? This is the main topic of today’s discussion! Brandy is wondering what will make the most sense for her life abroad—keeping the rental properties or selling and investing in stocks? In order to offer suggestions, Scott and Mindy take a look at Brandy’s entire financial picture, where she stands in terms of retirement, how high her expenses are, and what she can do before her journey to start on the best financial foot possible. ~~~~ Join the BiggerPockets Money Facebook Group:   / bpmoney   ~~~~ How I Used Real Estate to Pay for My Newborn Daughter’s College Education: https://www.biggerpockets.com/blog/20... ~~~~ Backdoor Roths, Mega Backdoor Roths, and Roth Conversion Ladders: https://www.biggerpockets.com/blog/bi... ~~~~ Equity Rich and Cash Poor? https://www.biggerpockets.com/blog/20... ~~~~ Calculate Potential Airbnb Earnings on Your Short-Term Rental: https://www.biggerpockets.com/airbnb-... ~~~~ How I Live Overseas & Still Manage My U.S. Rentals: https://www.biggerpockets.com/blog/th... ~~~~ Want to Be a Guest on the BiggerPockets Money Show? Apply Here: Guests: https://www.biggerpockets.com/guest?u... Finance Friday: https://www.biggerpockets.com/finance... ~~~~ Connect with Scott and Mindy on BiggerPockets: Scott: https://www.biggerpockets.com/users/s... Mindy: https://www.biggerpockets.com/users/m... Episode 288 Show notes at: https://www.biggerpockets.com/blog/mo... 00:00 Intro 03:54 Bankruptcy, Starting Businesses, and Airbnb-ing 16:35 Building BIG Equity 17:33 Income and Expenses 24:27 Assets and Liabilities 27:32 Uprooting to Portugal 29:18 Will Selling the Rentals Get Her Closer to FI? 39:24 Bigger Safety Reserve, Less Financial Fear 46:47 Too Much Real Estate? 50:23 Buying a New (Used) Car 53:10 Backdoor Roths and Maximizing Retirement 57:15 Calculating Rental Property Profits 01:08:34 Will Brandy Have Enough for Portugal?