In my last post I explained the primary reasons as to why you should consider buying investment properties. You can create long term wealth, set yourself up for financial freedom and take full responsibility for a self-funded retirement by creating a Passive Income.
In this post I am going to outline how a portfolio of properties could achieve this, but first lets reiterate what financial freedom is:
Financial freedom is achieved when your Passive Income is greater than all your expenses after tax.
Everyone has a different personal situation and future goals. You should work out what level of Passive Income you would like to achieve to meet your future goals. You might want a modest Passive Income that just supplements your regular income or you may aspire to replace your entire salary.