As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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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???



5 comments:

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

    ReplyDelete
  2. 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. 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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