I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Thursday, 8 June 2017

Rent out your spare rooms for passive income??? (2)


We read but we may not fully understand it. But; when we personally experienced through it then we may become super conscious and risk avoidance.

 Chinese saying: No see coffin. No tears drop.

 One option of passive income gone for Uncle8888 when his children move out in the later years!
Read? Rent out your spare rooms for passive income???



Posted by Createwealth8888 at 19:04
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5 comments:

  1. Createwealth88888 June 2017 at 19:06:00 GMT+8

    Domestic helpers are medically assessed and cleared before working in our home and some diseases will take some time to be detectable.

    ReplyDelete
  2. RayNg8 June 2017 at 20:17:00 GMT+8

    My friend in law move to his house and rent out entire 3 room at $2K as passive income.

    So it depends on individual circumstances.

    ReplyDelete
  3. Spur9 June 2017 at 02:01:00 GMT+8

    The main issue for elderly renting out rooms is safety. 60+ maybe still ok. How about 70+ or 80+? That's why most won't do it --- many will rather downgrade or even reverse mortgage then to rent out rooms.

    Preferably you also need to be quite sociable type, don't mind strangers sharing your house, and like to make friends with strangers type. Again, most Asians are not like that.

    So when you see people renting out rooms and still staying in the flat, it usually means they really need the money. :O

    ReplyDelete

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