My current net worth is €412,036.27 (61.50% of my first goal – €670K).

net worth september

I must admit I can already smell great times coming.

I can actually see the path to financial independence before my eyes… it is certainly a matter of execution, if this continues like so.

Let’s break this down:

  • As I didn’t sell RP#4, we should see a spike in my net worth in the next months. After the property is renovated, it will easily be appraised at 300k.
  • If I continue to save at the same rate, until April 2020 (see why this date here), I should hit my “perfect” number of 700k in net worth.
  • Of course that savings alone won’t do it, but I have enough financial capability for a couple real estate deals that should bring in the rest of the money.
  • We’re excited at my company. The major shareholder predicts to start buying real estate and start doing “own” transactions (this will be a game changer).
  • All this said, the idea is to come to April 2020 with a truly passive income of €1000 (for which I will need 3k before takes). And this will be hard…

Why will it be hard to it €1,000 of truly passive income by April 2020?

You may actually be asking yourself… whether a net worth of 700k will generate that. It it probably does – we’re talking 5% (to yield 3k, thus 1k net), no big deal.

But in my case, my net worth is very inflated with my estate… and I am only OK with this because I can generate huge returns on those properties.

Plus, a lot of those 700k don’t even belong to revenue-producing assets. Yet, realistically, I could hit say 2k of truly passive income or 3k of “passive income” by then.

While this is good, it doesn’t meet my mark. And I am a mark meeter, where that exists or not. 🙂

Now, to hit this mark, I will need to raise money for the stock market or higher truly passive property managers. I am inclined to go towards the stock market, but the thing is that the market is highly inflated now and I am afraid to buy any stocks (other than weed, when the hype is over).

So I am stuck. On one hand, it doesn’t make sense to buy (much) more real estate because of exposure and taxes. On the other hand, the stock market may crash. Of course, I have a third option: hold onto cash. But that is not an option when I am looking to get passive income for my retirement. I actually put it very nicely in the last income report.

I will think about this until the end of the year. If you have any thoughts, please let me know in the comments…

Life today

You would not imagine what kind of stuff I go through by looking to me. I actually look healthier (much healthier than my biz partner, who is healthy as fuck).

My real estate passion definitely came back. After so much time having motivation at the bottom, I suddenly desired to rent out my own properties and buy more pieces of real estate.

As far as my health, I am still spending LOTS of cash. The other day I spent about €1000. In one day.

This is because of a few reasons:

  • I am dealing with extreme chemical sensitivity, so I need to filter out my home’s water, etc. My filter came out at €400. No kidding.
  • So basically I need to get away from all chemicals. Plus, the diet is expensive as I need to eat super clean and stuff.
  • I am also purifying my air, not just my water. So I bought various plants and essential oils to have at home. I breathe super clean now (which is the minimum I can do, given that my body is clogged up 100% inside). I need to buy a mechanical air filter eventually, for now plants will do.
  • I am officially chelating heavy metals, with the Andy Cutler’s protocol, which forces you to take a capsule of whatever chelator you’re using (I am tripping on ALA these days) every 3 hours. That is day and night. The protocol per se is not expensive. But keep in mind $500 worth of supplements is what it takes for Ben (only 10% of that is due to Cutler’s protocol).
  • Along with heavy meal chelation, I am 1) detoxing my body with binders, sauna and cleanses – probably try to raise Glutathion eventually, 2) doing regular low-key exercise to keep things moving, including rebounding which moves my lymphatic system, 3) restoring the gut balance with probiotics and a few other things. Soon, I will have to address infections pretty aggressively (just want to move up with chelation a bit more).

As I’ve been saying, I am a man on a mission…

I am a man trying to get his health together, first of all.

Then, I am a man trying to get to his early retirement. By April 2020 I want to have €1.000/mo secured for life. This is not easy, especially given that there is no clear option between real estate and the stock market.

Rental income

RP#1 is still my Primary Property (PP).

The rental income in September was €1,445, but I collected an extra €275. First, I rented out one of the vacant units, for €300. This will raise rental income to €1.745 from next month onwards. This will actually be net, because I have enough expenses to write off against this income.

The reason why I collected another €275 is because I was actually able to rent out the other unit I had vacant, but the tenants actually ended up walking away (thus losing the security deposit). During October, I will make my best to rent out the other unit I have. In fact, I hope to get over €2,000 in rental income due to that lease. This means that with RP#4 fully rented out, I will be close to €5,000 within 2018.

Real Estate Company

The Real Estate business is going great! I will comment more on it next month.

Online income

My online income in August was about €300, which is very good given the last months…

Goals for September

  1. Stick to my perfect routine and continue on dreaming. DONE. 
  2. Go for a walk (or even a run if I have the energy) every single day, in the morning. DONE.
  3. Start learning inverted pull ups and handstands. DONE. But this will take 6 months, if not more.
  4. Go to bed at 10pm every day and NOT at 10:30 as I’ve been doing. This should allow me to wake up just before 6am, which would be pretty cool! FAIL. 10.30 is still the mark.
  5. Start new treatment and get some results. DONE. Heavy metal chelation. I need 3 months on this to assess results.
  6. Post at least once on this blog (sorry guys can’t do more right now). DONE.
  7. Structure the company for the rest of the year and write 5 guest posts (aggressive, I know). 
  8. Rent out both units that are yet to be leased. PARTIALLY DONE. Well I actually did it, but the tenants walked away.
  9. Be happy. DONE. What a happy dude Ben was this month. 😉

Goals for October

  1. Stick to my perfect routine and continue on dreaming. 
  2. Learn deep breathing techniques (check out Wim Hof). 
  3. Go for a walk (more runs than walks, if I have the energy) every single day, in the morning.
  4. Continue to learn inverted pull ups and handstands. 
  5. Go to bed before 10:30pm.  
  6. Another 4/5 rounds of the Cutler’s protocol.
  7. Post at least once on this blog (sorry guys can’t do more right now). 
  8. Help my company to close 4 contracts. 
  9. Rent out my free unit.
  10. Close on 2 properties (I didn’t talk about this because I am not sure I will be able to close 😉 ).
  11. Be happy. 

Enjoy life guys!

Ben