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33 contributions to Invest & Retire Community
How I am going to retire my parents with 500k
Growing up in a typical Asian household, I always felt the weight of my parent's sacrifices. My childhood was painted with the quiet resilience of my parents, who worked tirelessly, often leaving before dawn and returning home late at night. I would see them only during those brief, cherished moments after their shifts—exhausted yet devoted. In those early years, I often wondered why I wore hand-me-downs instead of new clothes or why I never had any video game consoles. My friends seemed to have everything. I remember feeling embarrassed when my mom packed my lunch—her homemade meals were always fragrant, a stark contrast to the sandwiches my classmates brought. Yet, beneath my adolescent frustrations lay the seeds of a lesson that would bloom over time: the value of hard work, saving wisely, and using my intellect to pave a path forward. As I grew older, the true wealth my parents had cultivated began to reveal itself. Every dollar they earned was a brick in the foundation of our family’s future, carefully laid to support long-term stability. Fast forward to today, and I stand on the precipice of fulfilling a promise I made to myself: to retire my parents in comfort. Recently, they sold one of their investment properties, netting around $500,000 after taxes. I have created a retirement plan that will secure their financial future. First, I will allocate $100,000 to Investing Accelerator for angel investing, which will generate $1,000 a month. Next, I plan to use another $100,000 to the advanced monthly passive income strategy which will yield between $3,000 to $5,000 a month. Finally, I will invest the remaining $300,000 into long-term index funds. Averaging 10-15% per year, this strategy not only promises to grow their nest egg but also adds an additional layer of financial stability through unrealized capital gains. I anticipate that the $500,000 will yield around $4,000 to $6,000 in monthly income and potentially generate $30,000 to $45,000 in unrealized capital gains annually.
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New comment 18d ago
How I am going to retire my parents with 500k
Congrats to the Top 10 Contributors for October 2024 and announcing November 2024 Prize
Congratulations to the following 10 people for being the most contributing members of the community: 1) @Rong Zhou 2) @Monica Bernard 3) @Kim Huynh 4) @Lindsay Talbot 5) @Leon K 6) @Sandra Van Den Ham 7) @Sukhwinder Dhanoa 8) @Kevin Esmati 9) @Cris Bob 10) @Velle SG I (Michael) will contact you in the chat to provide you with the gifts. You will receive: - 1 share of (CMG) = $58.59 USD To show proof of purchase, you must post in the community that you received the share. For next month November, the prizes will be: - 1 share of (UBER) UBER is one of the major players that dominated the rideshare market. Currently profitable and enjoying decent revenue growth You can be the next top contributor for the next 30 days (https://www.skool.com/invest-retire-community-1699/-/leaderboards) and receive an additional referral prize. For a limited time, you can get a referral bonus when your friends to join Investing Accelerator. You can get up to $2,000 USD per referral. Here's what you will get: 1st referral: $500 USD 2nd referral: $750 USD 3rd referral: $1,000 USD 4th referral: $1,250 USD 5th referral: $1,500 USD 6th referral+: $2,000 USD per referral onwards The referral count will reset at the end of the year. What's the best method for referral? 1. Talk to your friend about investing and see if they need help 2. Share the free webinar with your friend: https://5mininvesting.com/free-case-study/ 3. Follow up with your friend and see if he/she has questions 4. Suggest your friend to schedule a call with my team Michael to answer any remaining questions your friend has.
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New comment 3d ago
Why I Spent Over $20,000 in Two Months on Vacation
The last time I went on a vacation was seven years ago. The reason? I didn’t feel like I deserved it. I promised myself that I wouldn’t take another trip until I reached a major goal I had written down years ago—travel around Asia. But behind that goal was an even bigger dream: becoming a full-time entrepreneur generating passive income. Only then could I truly enjoy the freedom and luxury of traveling. So, I waited. I worked. I sacrificed. At 20, I quit my full-time job and went all in on building my businesses, trying to achieve financial freedom. Over the next several years, I dived into everything I could think of: Amazon FBA, a social marketing agency, car rentals, cryptocurrency, network marketing, e-commerce, and flipping items on Facebook Marketplace. Most of those businesses either didn’t succeed or didn’t bring in consistent income. My social media agency was my most successful venture, at one point generating about $9,000 a month. But when COVID hit, my restaurant clients were heavily impacted, and my income dropped drastically to around $1,000 to $1,500 a month. My dreams of becoming a millionaire by 25 felt like they were slipping away. Meanwhile, everyone around me seemed to have steady, secure jobs, buying homes, and building predictable futures. I, on the other hand, was unsure of my next move, hoping that the few clients I had left wouldn’t cancel on me. The doubt weighed heavily, and I began to question whether I’d ever make it. I pushed my millionaire goal to 30 and refocused on setting realistic, actionable steps to get there. I started looking for people in my network who were generating consistent income, hoping to learn from them. That’s when I reconnected with my family friend, Eric, who had been running an investing coaching program. His approach was different—he relied solely on paid ads to bring in clients, whereas I had been relying on organic marketing. We exchanged ideas, and soon I became intrigued by investing. I had some money in the bank, just sitting there, losing value to inflation. With Eric’s guidance, I started small, cautiously testing the waters. Over time, I gained more confidence and began scaling up my investments. Fast forward to this year, my portfolio had grown to $250,000, and I was generating $10,000 to $15,000 a month.
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New comment 24d ago
Why I Spent Over $20,000 in Two Months on Vacation
Congrats to the Top 10 Contributors for September 2024 and announcing October 2024 Prize
Congratulations to the following 10 people for being the most contributing members of the community: 1) @Rong Zhou 2) @Monica Bernard 3) @Lindsay Talbot 4) @Kim Huynh 5) @Leon K 6) @Sandra Van Den Ham 7) @Velle SG 8) @Eugene Voutchkov 9) @Cris Bob 10) @Sukhwinder Dhanoa I (Michael) will contact you in the chat to provide you with the gifts. You will receive: - 1 share of (CMG) = $57.62 USD To show proof of purchase, you must post in the community that you received the share. For next month October, the prizes will be: - 1 share of (CMG) Chipotle is a very successful fast food chain which recently had a new CEO. However, the company is still very strong, which makes it a good discounted blue chip company. If you did not receive a prize this month, don't worry. Points are earned/given by liking posts or comments. 1 like = 1 point for the author. You can be the next top contributor for the next 30 days (https://www.skool.com/invest-retire-community-1699/-/leaderboards) and receive an additional referral prize. For a limited time, you can get a referral bonus when your friends to join Investing Accelerator. You can get up to $2,000 USD per referral. Here's what you will get: 1st referral: $500 USD 2nd referral: $750 USD 3rd referral: $1,000 USD 4th referral: $1,250 USD 5th referral: $1,500 USD 6th referral+: $2,000 USD per referral onwards The referral count will reset at the end of the year. What's the best method for referral? 1. Talk to your friend about investing and see if they need help 2. Share the free webinar with your friend: https://5mininvesting.com/free-case-study/
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New comment 26d ago
Congrats to the Top 10 Contributors for Aug 2024 and announcing Sept 2024 Prize
Congratulations to the following 10 people for being the most contributing members of the community: 1) @Rong Zhou 2) @Monica Bernard 3) @Kim Huynh 4) @Lindsay Talbot 5) @Sukhwinder Dhanoa 6) @Leon K 7) @Velle SG 8) @Eugene Voutchkov 9) @Sandra Van Den Ham 10) @Denis Robert I (Michael) will contact you in the chat to provide you with the gifts. You will receive: - 1 share of (SBUX) = $94.57 To show proof of purchase, you must post in the community that you received the share. For next month September , the prizes will be: - 1 share of CMG If you did not receive a prize this month, don't worry. Points are earned/given by liking posts or comments. 1 like = 1 point for the author. You can be the next top contributor for the next 30 days (https://www.skool.com/invest-retire-community-1699/-/leaderboards) and receive an additional referral prize. For a limited time, you can get a referral bonus when your friends to join Investing Accelerator. You can get up to $2,000 USD per referral. Here's what you will get: 1st referral: $500 USD 2nd referral: $750 USD 3rd referral: $1,000 USD 4th referral: $1,250 USD 5th referral: $1,500 USD 6th referral+: $2,000 USD per referral onwards The referral count will reset at the end of the year. What's the best method for referral? 1. Talk to your friend about investing and see if they need help 2. Share the free webinar with your friend: https://5mininvesting.com/free-case-study/ 3. Follow up with your friend and see if he/she has questions 4. Suggest your friend to schedule a call with my team Michael to answer any remaining questions your friend has.
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New comment Sep 27
1-10 of 33
Michael Leung
5
211points to level up
@michael-leung-5315
Team Eric Seto - We help people without financial background to invest long term and for monthly passive income. Aim for 30% return.

Active 3d ago
Joined Dec 23, 2022
Canada
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