Sunday, March 9, 2014

Set for life!

     So.  Wow...

     Missed it by THAT much...

     This is the make-up post for Saturday.  And let me say, I'm sorry for letting the ball falter this weekend.

 - - - - -

     Quickie make-up post, today lovelies!

     So.  Wanna be set for life?  Here is my plan to be set for absolute life.

     What you will need:  $2,500,004.75 and some self restraint.*

     Step 1: Go out and get yourself a shot of decent rum.  You're going to need to bolster your self control.  (Cost: $4.75)

     Step 2: Take $1,500,000 and deposit it in a series of CD accounts that mature annually at 5%.  (Cost: $1,500,000)

     Step 3: Shop around for a decent college or military neighborhood and buy five houses in the $50,000-$65,000 range.  (Cost: $250,000-$325,000)

     Step 4: You should be down to somewhere between $750,000 and $675,000.  Spend $20,000 on each house fixing it up and getting it presentable.  (Cost: $100,000)

     Step 5: While getting the houses fixed up, make friends with the following: A contractor, an electrician, and a plumber.  (Cost: Friendship is Free, but you should have somewhere just north of $500,000 left over.)

     Step 6: Buy a nice house.  Somewhere in the $100,000-$125,000 range.  And get it fixed up really nice.  (Cost: $150,000)

     Step 7: ? ? ?

     Step 8: Profit!

     So, here's how this will set you for life.  Put the five smaller houses up for rent at $50/month LESS than similar houses in your area, this will ensure you will almost always have a tenant.  Since the houses are paid for, you get to keep the rent money as pure income.  Also, the plumber, contractor, amd electrician you made friends with will cut you a deal on maintaining the houses because you are going to be giving them so much business.  Now YOU get to live in the bigger house, with (Plus or Minus) $500,000 to blow however you want.

     But!  How will some rent money set you for life?  Sounds risky, right?  Well.  Here's the secret.  Being a landlord is only your hobby!  Remember Step 1?  Yeah, those CD's you invested in will give you $75,000 a year forever.  Do YOU make more than $75,000 a year?  Didn't think so.

     So.  Have fun!  Until tomorrow** lovelies!

     *(how you get the money is up to you, I don't know...  Rob a bank*** or something.)

     **(By 'Tomorrow' I, of course, mean later today.)

     ***(I do not condone robbing a bank, it was a joke, etcetera etcetera disclaimer stuff etcetera.)


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