Creating $150K Passive Income, How Michael Did It
Michael Ong is building a cashflow machine. He's at $150k passive income between his property & stock portfolio. He plans to almost TRIPLE it for retirement. Michael has an amazing story, migrating to Australia from the Philippines and working hard in his career to fund his lifestyle and investments. In this episode learn how he built his portfolio, how his world view of economics shapes his decision making, his biggest regrets through the journey, his plans for property buying over the next 5 years, and the lessons he's teaching his son to create generational wealth. Discussion Points: 00:00: Introduction 02:32: Michael’s migration story & buying in Sydney 11:38: Looking interstate for a secure future 19:02: The aspirational game: minimising risk by knowing the market 24:31: Australian property undervalued? 33:20: Navigating the confusion, land is KEY 44:22: Michael’s 10-year outlook & parenting advice 50:12: Conclusion About The Host: Subscribe to Aus Property Mastery with PK for no BS, “straight to the point” property investing strategies and data-driven insights about the Australian housing market - the only property podcast not biased by a “Buyers Agent”. You can listen to Aus Property Mastery on Apple Podcasts, Spotify & YouTube Music. PK Gupta is the founder of the Property Investment Accelerator — Australia's #1 Rated And ONLY 100% Independent Real Estate Course & Mentorship Program that helps people achieve passive income through property investing using DATA, WITHOUT wasting months doing "research", spending weekends at inspections OR dropping $10-20k on Buyers Agents each time. Resources: Watch FREE Trainings On Our Website 👉 https://consultingbypk.com.au/ Get Suburb Tips & FREE STRATEGIES In Our Private Facebook Community With Over 50,000 Clients & Investors 👉 https://www.facebook.com/groups/passiveincomethroughproperty Watch No Nonsense Property Market Insights On Our YouTube Channel 👉 https://www.youtube.com/c/AustralianPropertyMasterywithPKGupta Disclaimer: No Legal, Financial & Taxation Advice The Listener, Reader or Viewer acknowledges and agrees that: Any information provided by us is provided as general information and for general information purposes only; We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information; We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer; The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant; The information may not be suitable or applicable to the Listener, Reader or Viewer's individual circumstances; We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer. See omnystudio.com/listener for privacy information.
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