Quote:
Originally Posted by Unregistered
From a quick reading of some of his posts, it seems that most of his passive income is from REITS which he bought after the financial crisis when REITS took a severe beating. A lot of the REITS have since recovered in price so his capital base may be well below $2m.
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That means he has taken advantage of a unique opportunity that allows him to reach the present status.
That point aside, you are not him, if you want to built a passive income of $100K, you still need at least $2 millions today. To have bought the REITs when it was cheap, is WHAT that made him the wealth, not the passive income actually. mentioning of the passive income is really a distraction and pure myopic view that miss the whole picture completely.