Blog - Page 30 of 31 - mspassiveincome

My Journey on Passive Income that 99% Population Don’t Hear About 9 – Purpose of Funds

December 5, 2024 / 215

Continuing from last post, my lawyer and I are both straight shooter. After all, we’ve known each other for quite a few years, and I’ve been lending money on my own for a number of years while helping others do the same; meanwhile, he has become a leading personal injury lawyer in BC with frequent media appearances and commentaries, while even writing curriculum for law school textbooks. So we went straight to the point. He mentioned his current pain point was that the number of cases came to his way has been increasing significantly, reaching several hundreds. Each case requires... Continue reading

My Journey on Passive Income that 99% Population Don’t Hear About 8 – Return & Term?

December 5, 2024 / 204

Continuing from last post, my case was finally settled! During those years, I’ve also somewhat realized my entrepreneurial dream, going solo in my career. My main niche was helping people achieve 8-12% (annually) passive income primarily through two products. One involves lending, with an annual return typically ranging from 8-12%, and it provides a steady cash flow. The other is real estate private equity, where I usually convert single-family homes into duplexes or triplexes and eventually manage multifamily properties, ranging from 6-20 units. As I developed my business, my lawyer, of course, knew about it. After quite a while post... Continue reading

My Journey on Passive Income that 99% Population Don’t Hear About 7 – Do They Know Each Other?

December 5, 2024 / 222

Continuing from my last post, on the last day of settlement negation, the insurance company (ICBC）’s lawyer said: “I’ve reviewed all the reports from all these years, and time has proven that your injury isn’t as severe as you believe. There’s no nerve damage. It’s not the big case you thought, with a settlement amount of xxx dollars. It’s just a typical case in the range of xxx-xxx. We cannot agree to your settlement range. We will go back and regroup, then communicate with your lawyer about the next steps.”I looked at my lawyer, who remained calm, and he said,... Continue reading

My Journey on Passive Income that 99% Population Don’t Hear About 6 – Real Numbers？

December 5, 2024 / 244

Continuing from last post, I flew back to BC for the settlement negotiations. I noticed that the hotel was only booked for 2-3 days, which puzzled me. I was my first litigation case and thought the out-of-court settlements would take a lot of back-and-forth like the movies, therefore would take a long time. However, my lawyer was confident in reaching settlement quickly. He explained that most of the back-and-forth had already happened over the past few years, and at this point, both parties had presented all possible evidence. So, at this stage, it was all about waiting to see how... Continue reading

My Journey on Passive Income that 99% Population Don’t Hear About 5 – Contingency Fees?

December 5, 2024 / 240

Continuing from my last post, after returning home from the hospital, a long recovery process began. Fortunately, I had just finished my previous project, and I didn’t have a new one lined up yet, so I spent three months in bed at home. Initially, I slept through day and night, and my mom later told me that on the first night back home, my chubby face had slimmed down significantly overnight. I often woke up feeling groggy and deprived of sleep even though I slept for days. I couldn’t get up easily. Later on, I was able to get up... Continue reading

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My Journey on Passive Income that 99% Population Don’t Hear About 9 – Purpose of Funds

My Journey on Passive Income that 99% Population Don’t Hear About 8 – Return & Term?

My Journey on Passive Income that 99% Population Don’t Hear About 7 – Do They Know Each Other?

My Journey on Passive Income that 99% Population Don’t Hear About 6 – Real Numbers？

My Journey on Passive Income that 99% Population Don’t Hear About 5 – Contingency Fees?

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