article thumbnail

Passive Income With Real Estate

Prairie Eco-Thrifter

Have you ever thought about investing in real estate ? For those of you that have never thought about real estate as an investment, perhaps after reading this article, you may consider it as an investment option in the future. Types of Real Estate. Another Positive of Real Estate.

article thumbnail

How to Have Your Cake and Eat It Too

Prairie Eco-Thrifter

With the help of an estate planning lawyer and your accountant you might be able to use one of these “have your cake and eat it too” ideas. Keep Your Asset, But Still Get An Estate and Gift Tax Break On it. That same Times article explains it this way: “Michael O. million left tax-free to heirs.”.

Cake 201
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Cost of Doing Nothing

Prairie Eco-Thrifter

Amartya Sen, the Nobel prize-winning Harvard economist who wrote a book called The Cost of Inaction, is quoted in an Economist article A Dollar now or a Hundred Dollars Later as saying: “There is indeed an “ opportunity cost of doing nothing”, that is, the failure to reap the benefits of an effective intervention.”. Do nothing to defend.

article thumbnail

What is Passive Income?

Prairie Eco-Thrifter

Here are some forms of passive income that you may have heard of: Real Estate (rental units). Out of these three options, real estate is often the passive income of choice, simply because not everyone has the talent to sing or write, but for the most part, real estate can be learned by almost everyone.

article thumbnail

50 Best Small-Business Ideas – NerdWallet

Savings Corner

If you have a CPA license, you can help business owners file taxes, generate balance sheets and other accounting documents and make your professional recommendations about your client’s bottom line. Tax consulting If you’re a CPA or other enrolled agent, you might consider opening up a service specifically for business taxes.

article thumbnail

Yes Virginia, There is a Money Tree

Prairie Eco-Thrifter

As examples, consider the following, from The Fool’s article Ordinary People, Extraordinary Wealth. Tax yourself. Once you have saved a base amount, branch out to put additional money into the stock and bond markets, real estate and other types investments that will grow your money faster than a secure savings account.

Virginia 160
article thumbnail

How to Save Money by Downsizing

Prairie Eco-Thrifter

Real estate taxes are calculated on the size of the house so a smaller house will attract a lower tax rate. I hope this article has started you thinking about how you can save money by downsizing. Maintenance costs will be lower as will your insurance premiums.