Savings Corner
DECEMBER 25, 2023
While legally that’s true, in practice passive income may take other forms. In practice, you may do some or all of the work upfront, but passive income often involves some additional labor along the way, too. Non-dividend-paying stocks or assets like cryptocurrencies may be exciting, but they won’t earn you passive income.
Prairie Eco-Thrifter
APRIL 20, 2014
It has an income suite, so we live in about 1300 square feet of the house, and our tenant (my brother) lives in the basement suite. It can be time consuming, so be aware of this. Town houses will give you more space than a condo, but may have a small amount of grass for you to tend to. We ended up in a 2.5 If you want privacy.
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Prairie Eco-Thrifter
APRIL 21, 2014
For some folks, millions of dollars don’t make them feel rich, but for others a few hundred thousand may do the trick. That Forbes article mentioned above put it nicely, saying: “And therein is perhaps the best bet for becoming a billionaire: inventing, designing, creating something that will have broad appeal to consumers”.
Savings Corner
DECEMBER 27, 2023
If you have an answer to all those questions, then you may be ready to start a small business. Or, you could buy property of your own (if you have the business funding, of course) becoming a property manager or landlord, renting out the space to tenants, maintaining the property and serving as their point of contact for any potential issues.
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