☰ Menu
×

How to Get a Monthly Paycheck Even When You’re Retired

By CondoWong Friday Jaunary 11, 2019

What is Passive Income?

Passive income is money you earn when you’re not working. If you earn enough passive income that covers all your expenses, then you have the option to quit your job as you don’t necessarily need the salary anymore. This is called financial freedom. The question is, how can you earn passive income? Some popular ideas include stocks, real estate investments or starting your own business.

We’re going to see how you can generate an income stream with a rental property. Keep in mind that passive income starts with savings. Without a healthy amount of savings, nothing works. That’s why the salary from your job is important, but you need to think about how to make money with money, sooner rather than later. “Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities.” – Robert Kiyosaki, Rich Dad, Poor Dad

何謂「被動收入」?

「被動收入」就是不工作也能賺到的錢,所以亦稱為非工資收入。如果你的被動收入足夠支撐日常生活開支,恭喜你,你已達至「財務自由」!你可以選擇打份「風流工」,甚至退休。當然問題是,如何賺取被動收入? 最普遍的辦法包括投資股票、房地產或創業。

我們會同大家分析如何利用出租物業在你退休後帶來穩定的收入。當然這個辦法必須建基於一筆足夠應付首期的儲蓄。所以我們並不是教大家如何不勞而獲,而是如何善用打工辛辛苦苦賺回來的錢,用錢去賺錢。


Debt or No Debt

Let’s say you have accumulated a good amount of savings, enough for the down payment of a small condo unit. However, you want to be debt-free and worry-free, so you throw the money into a high rate savings account (GIC / Term Deposits) and let the money grow by itself, at the rate that’s barely enough to cover inflation. And you continue to put away a portion of your salary into the savings account every month. This is probably the approach that most of us are taught growing up with.

無債一身輕?

「無債一身輕」可能是大部份人從小被灌輸的概念。拼命工作、努力儲蓄,然後「穩穩陣陣」把辛苦儲回來的錢放在保本增值的高利息定期存款户口。這個方法,對上一代來說,的確可行。現在來說,若然所謂「高利息」能夠抗通脹,已算萬幸。

Alternatively, you spend the savings as down payment to purchase a condo and use it as a rental property. You acquire an asset, but at the same time you also incur liabilities and expenses. The terms “liabilities and expenses” scare away a lot of people as they are often being viewed as “bad” things. We shall see how the “bad” becomes “good” in the long run, but for now you would have to bear them before you harvest. The good news though, in Toronto, the rent you collect will cover most of the liabilities and expenses. You would only need to chip in $100 - $200 per month to keep this business running. To see real numbers in the works, check out the income statement of a 1-bedroom unit at the Line 5 Condos at Yonge and Eglinton.

要邁向「財務自由」這個目標,首先你必須授受「好的債務」這個概念。在多倫多投資一個入門版出租物業大概需要$20萬首期 (即港幣$120萬), 樓價約為$55萬 (即港幣$330萬)。投資物業令你的資產值增加,與此同時亦增加你的債務和開支。興幸是多倫多的租金收入足以支撐大部份的支出,你只需每月投資$100至$200 (即港幣$1,000左右) 便可營運這盤「租務生意」。確實數字,可參考 Line 5 Condos 一房單位的收入和支出表。


DIY Pension Fund

Twenty-five years later, the mortgage/loan on the condo has been paid off and now you have the condo as an asset and no liabilities on your balance sheet. Now, let’s look at your income statement, the rent is now covering all the expenses and giving you a paycheck every month! As we always emphasize, real estate is a long-term investment and it takes time and planning to generate passive income, we’re not trying to say that you will get rich quickly.

On the other hand, in the savings account scenario, although you have no liabilities nor expenses from the GIC / Term Deposit investment, you are eating up your assets in order to generate a retirement income.

自製退休長糧

25年後,物業供完,無債一身輕之餘,每月的淨租金收入便成為你的退休長糧!姑且假設租金25年來沒有升幅,以今天的數字來計算,你每月仍可享用$1,800 (即港幣$10,000) 的長俸。這不是一個令人發達的數字,但以今天$20萬的儲蓄換來退休後穩定的收入也確實是不錯吧!正如我們經常強調,物業投資是長線穩健的投資,不要以為胡亂短炒便可發達。

另一邊廂,保本增值當然也是無債一身輕,但就無奈地要以「食穀種」的形式維持每月生活費。


Some Number of Years after Your Retirement

What’s going to happen some number of years after your retirement? The picture for the rental property investment does not change, it just keeps running and cuts a paycheck to you every month! Furthermore, the property stays as an asset that you can pass along to the next generation. In contrast, the savings account picture is completely clean because you were eating up your assets to generate an income and you have nothing left after you spend your assets. If the picture on the left is what you want to see for your own retirement, you need to get started now.

退休若干年後

若干年後,以上兩種投資又有何分別呢?出租物業那邊仍然營營役役地為你工作,而你既可享用長俸,更可把物業資產留給下一代。保本增值那邊就變得空空如也,全因資產都被吃光了!無論你認為那一邊的投資比較適合自己,退休計劃須要悉心安排和長期經營,建議大家認真考慮、及早行動。

Recommended for You