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The Top Three Ways People Get Rich

Prairie Eco-Thrifter

This is a goal many people have, and something few seem to achieve. I’ve achieved that goal, and it’s really all I want or need. The ability to leverage your money by getting a mortgage on a piece of income property and letting your tenants pay it off is unique in the investment world. Some lucky few inherit money.

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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

When they got married, they bought a duplex so that the rent money from the tenant in the upstairs apartment would pay the mortgage. A lot of blood, sweat, and tears were shed here, but we both agree that having no mortgage gave us a serious leg up on our retirement savings and other financial goals.

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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

And if you’re worried about being able to save enough of your earnings to meet your retirement goals , building wealth through passive income is a strategy that might appeal to you, too. Try Bankrate’s free AdvisorMatch service to quickly get connected to a CFP® professional who can help you achieve your financial goals.

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50 Best Small-Business Ideas – NerdWallet

Savings Corner

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.