Diversify Your Passive Income Faster Wealth Creation, Less Dependence on Market Forces
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- 25-03-2023, 07:18
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- voska89
Free Download Diversify Your Passive Income: Faster Wealth Creation, Less Dependence on Market Forces by Joshua King
English | 2021 | ISBN: N/A | ASIN: B096FYDCJ9 | EPUB | 1.36 Mb
Passive Income is are like sweet bites of candy raining down from the heavens. If you didn't know, passive income is cash flow not directly tied to your man-hours. Moreso, we can control the amount of passive income we can generate by using our education on the topic.
The five assets of passive income are retirement income (pensions, social security), investments (bonds, dividends), real estate (rents, notes), business (royalties, automation), and cryptocurrency (staking, interest).
If we can learn to diversify across these asset classes, we can increase our cash flow and protect ourselves from market downturns. We also don't have to be the best investor, creator, entrepreneur in each category. We just need to dip our toes into each pillar, ensuring a diversified portfolio.
Here is a sample of passive income diversification:
Retirement Income: Social security, annuities, Roth IRA
Investments: index funds, closed-end funds, individual dividend-paying stocks
Real Estate: Room rentals, single-family rentals, mobile home rental
Business: YouTube, rental car business, selling homegrown veggies
Crypto: Interests, staking
If we can learn and take action in these classes, we will guarantee ourselves a Happy Cash Flow Retirement. Read more inside.
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