Strategy
- Brainstorm how to uplevel my investing using Funds from Eden2
- Evaluate whether Eden2
- Create ideas in order to go into Christian Michaelson seminar and remove blocks ina focused way
End Goal
- Determine whether by using Eden2 funds, I could live off my investments (financial independence)
- End goal definition is to create $10,000 a month income to replace my salaried job and benefits
Current Job and Benefits
$115,000 salary
$10,000 healthcare
$7,000 401K contribution
Quick Calculation
- Current salary $11,000 a month before tax
- Taxes $1500
- 401K $1000
- Healthcare $1500
- Mortgage $2500
- Loans $1000
- Utilities $500
- Visa Spending $2500
- Payoff outstanding credit card debt $1000
- Left for other saving
Current Assets
- $350K equity in Warmlands Ave
- $170 in 401K
- $300K equity in Eden2
- $40K in EDS NQ
- $13 K in MAP
Possibilities for Income Generation
- Encore investment property (high cashflow real estate)
- Local property flipping
- Options Trading (risk limited short term trading)
- Forex Trading (leveraged day trading)
- Mutual Fund trading like in 401K
- Drive UberSUV with Mercedes GL450
Do I need short term income, medium term asset growth, or long term asset growth
- With Eden2 sold, I actually don't have a short term cash problem
- So investments could be longer term rather than just short term cash orientated (trading income)
- How much cash do I need to be liquid?
Ideas
- Redo Online Trading Academy training in San Diego
- Christian Michaelson Abundance program - remove fears around abundance
How much income is required replace job income, plus keep growing investments, if income from capital is used to live on
Scenario 1:
How much real estate could I buy investing the whole $300,000
At 20% deposit, I could buy $1,500,000 of real estate.
Rent at $2000 for every $300000 or real estate.
That would mean $10,000 a month in revenue
The problem with real estate is that the expenses are a high proportion of the revenue
The real gains are through depreciation, taxable interest on loans and capital gains on the asset.
The only exception appears to be the holiday rental we investigated in Florida
Property flipping might represent another option.
Scenario 2:
Mutual Fund Trading
Scenario 1:
How much real estate could I buy investing the whole $300,000
At 20% deposit, I could buy $1,500,000 of real estate.
Rent at $2000 for every $300000 or real estate.
That would mean $10,000 a month in revenue
The problem with real estate is that the expenses are a high proportion of the revenue
The real gains are through depreciation, taxable interest on loans and capital gains on the asset.
The only exception appears to be the holiday rental we investigated in Florida
Property flipping might represent another option.
Scenario 2:
Mutual Fund Trading
- On my 401K, trading $17,000 at a time, I'm making about $3000 at month
- I'm only using 50 - 70% of my available capital
- So investing the whole $300,000 of Eden2 proceeds, I would be trading $30,000 per trade
- 5% trade profit at $30,000k per trade is approx $1500 per trade
- I would need four successful trades per month to create $6000 in income
Scenario 3
Florida Holiday Rental
- This seems to be the most cashflow positive scenario
-
What would be ideal mix?
- Get paid to manage the Villas at Vista Grande project
- Make $4000 a month trading mutual funds
- Make $4000 a month trading Forex or options
- Have time to develop NeuroYou
- Help Sylvia manage Becker-Hill Inc.
- I'm only using 50 - 70% of my available capital
- So investing the whole $300,000 of Eden2 proceeds, I would be trading $30,000 per trade
- 5% trade profit at $30,000k per trade is approx $1500 per trade
- I would need four successful trades per month to create $6000 in income
Scenario 3
Florida Holiday Rental
- This seems to be the most cashflow positive scenario
-
What would be ideal mix?
- Get paid to manage the Villas at Vista Grande project
- Make $4000 a month trading mutual funds
- Make $4000 a month trading Forex or options
- Have time to develop NeuroYou
- Help Sylvia manage Becker-Hill Inc.
How much does family health insurance cost without a job?
Income Needs
- Need income that is free cashflow, as opposed to asset growth
Scenario 4
- Simply live off the Eden 2 proceeds and see what happens
Scenario 5
-
- Simply live off the Eden 2 proceeds and see what happens
Scenario 5
-
Income Possibilities in Next Five years
- $500k Sylvia's inheritance (after taxes and costs)
eREIT- Real Estate Investment Funds
https://fundrise.com/investments/core-plans/supplemental-income/view-plan-variants
eREIT- Real Estate Investment Funds
https://fundrise.com/investments/core-plans/supplemental-income/view-plan-variants
