Life Estate Tables 2020: Fill & Download for Free

Question: Do you think President Trump has bigger 2020 re-election problems than impeachment?Most definitely.What are they?Ukraine - This just keeps getting worse for him. Lev Parnas keeps dribbling out information that proves Trump’s a liar, John Bolton’s book isn’t going to help, and a link to Russian intelligence exists through Parnas’ erstwhile patron,a billionaire named Dmitry Firtash. This isn’t going away, no matter fervidly Trump and his supporters wishes that it would.His taxes - It’s a virtual certainty that Trump’s tax records will be released by this summer. Since they have to be chock full of all kinds of badness given his desperate struggle to keep them under wraps, when they do hit the papers, Trump will have a great of explaining to do.Michael Cohen - Remember him? Well Cohen is unlikely to be thrilled sitting in a federal prison for Trump. Since he’s seen how much publicity that Lev Parnas is getting for his releases and since he’s not going to receive a pardon (as it would force him to testify against Trump) then it’s likely that he’s going start releasing damaging information of his own to the media to make his future a lot less grim than it appears it’s going to be.The State of New York - Despite Trump’s tweets and bleats to the contrary, the State of New York is plugging along, digging further and further into Trump’s business empire. While charging him with enterprise corruption (and freezing his assets) might not be on the table, they could certainly release indictments against him prior to the election. Trump will have to respond to those indictments, and that’s going to a source of great anxiety for him.The unknown - Frankly six months ago Ukraine wasn’t considered to be a problem and now Trump is on trial in the Senate. There are so many things out there that are unknown to the American public that every day in the Trump administration is like walking through a minefield. Will it be Mike Flynn being charged for his role in the Pennsylvania kidnapping plot? Is Jared Kushner’s real estate empire going to be scrutinized closer? Will information about Melania’s suspect visa be brought forward? Is Allen Weisselberg, Trump’s longtime financial guy, going to be arrested? Trump has to go to bed every night wondering which shoe is going to drop next and as we’ve seen, he doesn’t handle pressure very well.At this point, the Senate trial is largely irrelevant as there are so many other knowns and unknowns that are imperiling Trump’s presidency that it’s a wonder he doesn’t bother to fake an illness, and take a medical retirement. He’d still receive his presidential pension, it would be harder to prosecute him, and he could perhaps salvage some of his legacy if he did.However, I don’t believe that he’s that smart, and so I expect that 2020 will be the worst year of Donald Trump’s life.

I earn close to 1.5 Crores/annum base (after taxes and PFs), accounting to approx 13 lacs a month. I am the Chief Operating Officer at a Pharmaceutical firm headquartered in Delhi, which is doing Business since the last 35 years. I'm 55 and have 30 years of diversified experience in this same field.I am originally from Patiala, Punjab but in Delhi since the last 3 decades. I started here in the Quality Assurance (QA) department as an Associate Manager in 2002, and got promoted to my present designation in September 2018. I get some other benefits from the company - Life Insurance for me and my family, bonuses during different months of the year and decent amount of stocks. I keep all of them vested and plan to withdraw the money only after my retirement.Regarding the second part, Yes. I am happy with my salary and life as a whole. But saying on the perspective of only the work profile and engrossment, I'm not that much sure.As a person in the top order management, the strain is of no surprise. The responsibility of each and every thing of every department is practically over me, which demands consciousness at it's full. I report to the MD and owners everyday and have to be flawless. I'm even found working 11+ hours a day sometimes (during non-COVID times) but honestly, I don't care much about the time now and just try to be the most competent and do full justice towards my position.Everything comes with a price, and with the sets of pros as well as cons. If I were to compare between the two in my professional life, then I've certainly more pros and benefits than cons, and I'm fortunate to reach at this level in my career.On a usual day, the time spent in the work is engaging but satisfactory. Maybe due to ageing, I now get exhausted in a relatively less time with the amounts of effort I put in every day. I sometimes dream if I got the same designation and compensation 20 years ago, then the tables would have completely turned.I do not have the same craze for money in me now that I had in the beginning of my career. Unlike a Business, where you can make insanely high profits in a short time suddenly (and then losses too) and quickly get excited, the corporate life is simply reverse.Before my present appointment, I was the National Director of QA Department (June 2014-October 2018) drawing over 6 lacs per month. Before which, I was serving as the Chief Manager of Production Planning and Control (Mid 2012- June 2014) and in the Sales and Marketing department as AGM. ( 2008-2012) earning in the range of 2.5–4.5 lacs a month in different times of the appointments.By looking at the trend, it's quite observable that the money didn't come overnight. It took me decades to gradually grow up in the company's hierarchy to see my income increase.I lead a calm life and only get the required things in most cases. I have a lone 24 year old daughter who cleared the CA Finals with a pretty good rank this January, and has now officially become a Charted Accountant.I live with my wife and daughter in a decent 2000 sq feet (carpet) appartment in a happening place in South West Delhi bought in 2013, whose loan was cleared in 2015. We've not upgraded to any other fancy homes or do I plan doing so. I do not have a single other home anywhere besides my present residence, as I simply don't want to increase my real estate portfolio just for the sake of doing so. I was a heavy investor in stocks, MFs and bonds till late 2000s, but have ceased investing now.Most of my friends and colleagues who are earning in the likes of mine have bought different properties worth upto 6–8 Crores and continue living their life running after more by paying EMIs worth muti-lacs every month. I personally don't like a lifestyle like that, and always try to be happy with the things I already have. This is the main factor I remain contented and calm unlike most of them.I drive a 5 year old XUV 500 and recently bought my first Luxury car-an Audi A6, as a gift to my daughter which is driven by her. I've a good interest in travelling, and this is the only thing where I mostly spend my money.In my experience in all these years, I can confidently say that the craze to see ur salary getting increased in the upper middle class zone is only upto 4.5–5 lacs/month. After making over that, it just doesn't seem to do a significant change in your lifestyle. Maybe you can afford a little more expensive car, but it doesn't matter in the long run.The only notable change that I've seen over these years with the increased money is the improvement in my ability to give and donate.I support a Foundation, which aims to educate rural women about menstrual health and hygiene. It does various pad donation drives and awareness programmes where I contribute by donating Rs 2,21,000 every month. I've also taken full responsibility of my 2 maids and 1 household staff and funded their kid's education and other needs.Rest, our expense in a usual month does not exceed 70K, which includes mentainance, fuel, groceries, ration, maids, electricity, gym and some miscellaneous.In addition to the vacations, we go to a 3 day trip to Mata Vaishno Devi in the later part of every year, travelling by train and staying in decent simple hotels. I strongly feel I'm blessed in all the endeavours and God has been kind to me.Being satisfied with one's life is the most easy thing, yet the most sophisticated to many. Doesn't matter one earns 1.5 Crores/annum or 1.5 Crores/month, the Human cravings to get even more and more never end. But remember, acknowledging your fate and having a sense of gratitude in the heart never go waste, and will always drive you towards inner peace and mindfulness.Thanks for the read.

Let me scroll through my Facebook feed for 5 minutes and I’ll let you know….……Ok, the results are in (only took 4 minutes). I found 5 opportunities. I originally included a print screen of the sponsored ads I saw, but I didn’t think it was fair to insinuate certain “gurus” were blowing smoke up my arse without doing more background research.Alright, in the order that I saw opportunities for real estate investing scrolling through my feed:Attend a 3-day workshop event that will teach you how to buy single-family/multi-family homes with no personal funds. Free Gifts (plural) included!Buy cash flowing residential units with no cash required! Build an empire in 2-years or less worth millions.Build a massive multifamily portfolio worth tens of millions regardless of your past professional experience.Invest in multifamily properties via a platform. No management headaches, leave it to our experts to find to best deals.Attend a Multifamily Bootcamp for novice and experienced investors alike. Change your life.Alright, let’s dissect. First off, I am not an expert on residential, wholesaling or flips. I do however have common sense, and I can tell you, any ad where you see the words:“no personal funds”“no cash required”“0 money down”You should be reading this as, “I am marketing to you, knowing damn well that you will never successfully buy real estate, hoping that you have a credit card with a high enough limit to pay for my educational materials.”That eliminates #1 and #2. These words seem to be commonly associated with residential deals.#3 - Buying an apartment building. This is the space I work in. I have clients that are multifamily developers, owners, managers and even a couple of syndicators. Could it work if you are just getting started? It could, but here’s why it will be tough.Experience - Let’s cover the most obvious first. Brokers won’t give you the time of day, lenders will laugh at you and a seller would be hesitant to consider you if there are other qualified buyers at the table. Unless you have connections with money, net worth, and experience, it will be tough to be taken seriously.No Scale - Having more units makes multifamily easier to manage. Many markets around the country are pinched with a labor shortage and good employees are hard to come by. Experienced owners already have top-notch employees and systems that make the daily management tick at a reasonable cost/unit.Price Inflation - Apartments are expensive, there is no arguing that. It has been a hot asset class everywhere. In Minneapolis, I know of certain properties that have sold two or three times just in the last 5–7 years, each sale for a significant gain over the last.The experienced owners can pay these inflated prices because they already own tons of units, have the processes set up and have low leverage across their investment portfolios. Sales comps should be taken with a grain of salt because the motivations are not always known (1031, depreciation, scale, etc).Leverage - On the topic of leverage, you do not want to be learning how to own and manage apartments with 80% leverage at the top of the cycle. There is no margin for error. God forbid there is an economic setback, a rise in interest rates or just a general correction.It doesn’t take a lot to go wrong to crater a proforma. A lot of investors getting started are paying top dollar with maximum leverage. They are unfortunately facing an uphill battle whether they realize it or not.Advice - If you are interested in multifamily investing, try to partner with the experienced investors by adding value to their business. For me, that is consulting. I will work on all of their analytical tasks. It’s great for them because they can delegate tedious and complicated functions and focus on more important initiatives. For me, I get to add-value, build relationships and earn a living while learning about their businesses.I could see accountants, IT professionals, trades professionals, sales professionals, and attorneys all finding ways to add value to multifamily investors on a contract basis, part-time. Books and podcasts are great learning tools, but there’s something about actually working with the people doing it. It is so much more powerful.While I understand how the apartment business works, I do not mistake this understanding with execution. There will be a time where I jump back into the ownership ring. That time is not now. Today is for learning, building relationships and saving.#4 - Investment PlatformsI tried Fundrise a couple of years ago (the sponsored ad was not for Fundrise, but a similar concept). It’s been great. Solid returns, just shy of 10%/year thus far. That’s exactly what I expected.I think with the hype of the current cycle, it is oftentimes forgotten that the whole point of real estate investing in the first place is to preserve capital and hedge inflation. Everyone wants home runs—double and triple equity in 3–5 years, take those profits, roll into a bigger deal, and do it all over again. This isn’t realistic or sustainable.I like these investment platforms as a way to diversify investment portfolios. It’s up to you to research which platform you will use, understand the fee structure, investment philosophy, and risk appetite.#5 - Boot CampI’m not the type to get motivated by the “Rah Rah pump you up” motivational speech. I also hate public events where speakers make me jump around, high-five the person to my left, and call me out for not answering their rhetorical questions loud enough.If that’s your cup of tea, by all means, check it out, meet some like-minded people and apply the knowledge of the event to your everyday life. To my credit, I didn’t knock it until I tried it. It isn’t for me, but I understand the appeal.Real estate investment has turned into a bit of a marketing gimmick over the past few years. A lot of people are promoting educations materials to newbies because margins are likely not what they once were in their real estate niche. Some information is good, some bad, but the reality is, the opportunities to unleash this knowledge are few and far between.My advice is to stay focused on learning, continue to network with the true pros in your city and see if you can add value to their business in some capacity. Once the timing is right, you will be able to lean on these experts to help you break into the business the right way and be set up for long-term success.