http://www.thefinancecastle.com/2009/03/10/passive-income-and-the-holy-grail-2/ A Personal Finance Blog About Investing, Saving, Making Money, And Retiring Early Tue, 14 Dec 2010 18:09:52 +0000 hourly 1 http://wordpress.org/?v=3.1 http://www.thefinancecastle.com/2009/03/10/passive-income-and-the-holy-grail-2/comment-page-1/#comment-382 leavingtheratrace Fri, 19 Mar 2010 11:51:02 +0000 http://www.thefinancecastle.com/2009/03/10/passive-income-and-the-holy-grail-2/#comment-382 Real estate is the best passive income stream I know about. True there is a lot of work and money up front. But at the end of the day you own brick and mortar and the renters pay your mortgage, taxes, and insurance. If you've done your homework well then you also get to have some money deposited into your bank account monthly. So you build equity in the building, tax benefits (which are enormous) and the positive cash in the monthly deposits. But you have to manage the property (or get someone to do it for you.- Personally this is the WAY to go. People do it professionally. They get paid when you get paid. Less time for you to focus on it.) I have done it from 10,000 miles away from my properties. So if I can do it anyone can... It was the best financial decision I made by far. Eight years ago we had a break even net worth. Having kids forced the issue. Rather than flush more money away gambling (read stock market "investments") I learned about this business and put a team of professionals together to help me succeed. Real estate is the best passive income stream I know about. True there is a lot of work and money up front. But at the end of the day you own brick and mortar and the renters pay your mortgage, taxes, and insurance. If you’ve done your homework well then you also get to have some money deposited into your bank account monthly. So you build equity in the building, tax benefits (which are enormous) and the positive cash in the monthly deposits. But you have to manage the property (or get someone to do it for you.- Personally this is the WAY to go. People do it professionally. They get paid when you get paid. Less time for you to focus on it.) I have done it from 10,000 miles away from my properties. So if I can do it anyone can… It was the best financial decision I made by far. Eight years ago we had a break even net worth. Having kids forced the issue. Rather than flush more money away gambling (read stock market “investments”) I learned about this business and put a team of professionals together to help me succeed.

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