Should You Buy for Cash Flow or Appreciation? | Saturday Edition E239
The Rich Somers Report
Rich Somers
5.0 • 1K Ratings
🗓️ 7 September 2024
⏱️ 13 minutes
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| 0:00.0 | That's seven years. |
| 0:02.0 | Do it. |
| 0:04.0 | Fourteen year. |
| 0:05.0 | Do it, you know I mean? |
| 0:07.0 | 10, 20, 30 year out the road. |
| 0:09.0 | The guy that has cash flow, we will outrun their ass, bro. |
| 0:12.0 | We will leave him in a desk like a Ferrari and a Pinto. cash flow, we will outrun their ass, bro. |
| 0:12.7 | We'll leave him in a desk like a Ferrari and a pinto. |
| 0:15.0 | Everybody always mocked me like, |
| 0:18.0 | you know passive income, yeah man, it's so fucking slow blah blah blah blah blah |
| 0:22.6 | And I was like yeah, but we're not comparing active passive income to active income |
| 0:26.7 | active income I make a lot of money active income. You know what I mean? Right? But I don't talk about active income. I mean, you know, I make like over |
| 0:34.2 | ten million dollars a year in active income. I never talk about it. All I talk about |
| 0:38.1 | passive income, right? But if I have to compare myself, yeah, I make over ten |
| 0:42.1 | million dollars a year in active income and I got $100,000 a month in passive income before all my other property get paid off. |
| 0:49.0 | So the game of the game is I still create passive active income and I did use I'm going to do pay |
| 0:55.4 | down my property today I got a plaintiff property I didn't need to pay them off all of them |
| 0:59.1 | if I get all of them paid out I'm gonna get probably 250 300 grand a month in |
| 1:02.2 | passive income. |
| 1:03.0 | Is that your goal? |
| 1:04.0 | Yeah. |
| 1:05.0 | I'm 54 years old. |
... |
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