Build Recurring Income

The Monopoly retirement formula, if you have ever played monopoly in your life you know the monopoly formula goes like this. You buy one property, & collect some rent. You buy a second house, & collect some rent. You buy a third house, & collect some rent. You buy a fourth house, & collect some rent. Know finally you buy a hotel/Apartment units, & collect a lot of rent.

Now lets put the Monopoly formula to work. You start with a money market savings account, in this scenario the goal is to save 20% down for a $50,000 house, =$10,000 for a down payment. Now it’s time to choose an area to find houses in that price range you are looking for, lets say Little Rock, Arkansas there is a lot of property on the market out there, but first lets start saving are $10,000.

Starting amount $0.00
Years 5 years.
Additional contributions $180.00 per month
Rate of return 1.00% compounded annually
Total amount you will have contributed $10,800.00
Total interest $278
Total at end of investment $11,077.78

This is a way of life so relax don’t think about how long it takes you to buy to the first house, the time is cut in half or more for each additional purchase until you have it down to every six months. This first house 72209 zip code, AR 3/2 bed, rent price: $725.00, mortgage about $210.00, about $65 a month for taxes, & insurance. $725-$275 expenses. That leaves you $450 a month to save plus your original contribution of $180.00 =$630 monthly. If you can only save $50.00 a month for the 1st start there, & don’t worry about how long it takes for the 1st one.

Saving for the second house:

Starting amount $0.00
Years 2 years.
Additional contributions $630.00 per month
Rate of return 1.00% compounded annually
Total amount you will have contributed $15,120.00
Total interest $158
Total at end of investment $15,277.77

Saving for the third House: $180+(1st)$450+(2nd)$450

Starting amount $0.00
Years 1 year.
Additional contributions $1,080.00 per month
Rate of return 1.00% compounded annually
Total amount you will have contributed $12,960.00
Total interest $70
Total at end of investment $13,030.11

Saving for the forth House: (1st)$450+(2nd)$450+(3rd)$450:
Starting amount $0.00
Years 1 year.
Additional contributions $1,350.00 per month
Rate of return 1.00% compounded annually
Total amount you will have contributed $16,200.00
Total interest $88
Total at end of investment $16,287.62

Saving for apartment units (8 or more):
Starting amount $0.00
Years 10 years.
Additional contributions $1,800.00 per month
Rate of return 1.00% compounded annually
Total amount you will have contributed $216,000.00
Total interest $11,206
Total at end of investment $227,205.99

$227,205 down payment on 1.1 million dollar apartment unit.
Total time spend (more or less) = 20years, & that’s a great retirement beginning.

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Monopology.com
Directories Include: Agents, & Open Houses

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