Education & Work How many hours a week do you "work"?

Miami Mice??

 

37.5 hours a week on the clock..

 

@MTR Thank you for sharing your story Amazing to see how you have managed through difficult times, and come out stronger!

 

@MTR great story Marisa. So much resilience. Adversity builds character. Couldn't have guessed this...your attitude is great!! Very inspiring

 

Generally about 90 hours a week but only for half the year.

 

Typical 9-5 office job, which is pretty laid back. I'm also studying at uni full time externally, which takes up around 20 hours a week in study.

 

Inspiring story MTR as always. Do you mind sharing how you meet serviceability with the banks to develop if you don't have a steady income apart from the rents from the US (which I'm guessing makes up the majority of your passive income?) Also, do Aussie banks factor in the rent from your Atlanta IPs?

 

Whatever it takes, to get the job done.

 

My partner has had a day job, but since posting this... is now working part-time and will be retiring after completion of my Melbourne developments. We could both solely live off rental income, but Then developing property came into play and now our end plan is for my daughters to also acquire these skills and hopefully one day this will become their passion.

I don't completely live off US income, we bring part of the money home and some funds remain in US, as I am planning to buy another property in Atlanta.

I use various strategies to increase income/capital, dependent on market, cash available and funding and just keep working at it.

I develop property full-time and turned over/sold 2 projects last year (do a search on Spearwood if you want to view the numbers on this project). I generally inject profits back into development projects. However, my accountant will use part of the profits as income.

I currently hold 7 Australian properties, some development sites. But I trade so the numbers can go up and down.

I also flip property, if I see a spike in the market in a particular pocket I will buy 2-3, whatever I can afford at the time and sell them after 12 months. I did this with 4 properties in the Perth market when it started rising in 2012, I sold out in I think late 2013, those 4 sales made me around $220K, easy money. Developing is long process, sometimes its nice to just take the money and run.

With APRA changes it will clearly get tighter, though I am not too worried, I was an investor when they got rid of low doc/no doc, now its back and I am currently using it for my last 2 projects.

MTR

 

I get paid for 37.5 hours a week.
But honestly I only work for 7 hours a week the rest of the time I just go on the internet read the news, forums, watch youtube videos etc.
Got my own office so feel like a boss ****.
Don't know why I'd ever want to retire when I get paid just for turning up in my office 9-5

 

The irony is I used to work in a meat factory 50 hours a week where I'd get my balls busted. It was -4 degrees in the factory and I always had to be doing something and would come home soaking wet and smelling like meat everyday.
Yet now I work 15% as much and get paid double the price.
So much for working hard leads to money

 

Fantastic.
Never tell your children to find a good job and work hard, setting them up for failure. Think outside the square

 

What are you doing these days to 14 times your old hourly rate, that's a nice multiple.

Nothing wrong with working hard though, imagine what you'd get if you worked even harder than before at what you're doing now.

 

Private Sector or Government?

 

Working so few hours though must get tedious after a while? There's only so much nothingness and youtubing you can do I would have thought?

I had a job where I really only needed to do 2 hours of work in an 8 hour day but I got so bored of it quickly. I like having lots to do, feeling productive, not to the extent of work being overwhelming but always something to work on.

 

I work 25hrs a week but get a full time wage. Love my job, so it doesn't feel like work.

 

Yeah it does get tedious at times and the worry for me is we're going through a 're-structure' atm but so far instead of cutting people they've just re-allocated roles. Working hard/smart is important but a lot of jobs just come down to luck. Heck, just being born in a developed country is luck.

 

I am only working about 10 hrs a week at the moment as it's summer in Russia and most of my students are on holidays. I am doing lots of triathlon training as I have 2 competitions in two weeks.. I love summer here but the winter is terrible...

September will be long days again,luckily I work in a stress free job.

 

I have 4 jobs technically and work >80 hours a week.

With these hours and 3 young kids, the challenge for me (I am sure as well for others) is to achieve some sort of work-life balance. Whilst its tempting to give up on the public work (I am a medical profession) but someone has to train those junior doctors as they will be the one that operates on or treat my family someday

I do love my work though but property investment is such a good distraction.