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

How to Manage Different Investment Risk Tolerances Between Spouses

Prairie Eco-Thrifter

He manages the bond investments and I handle the stock, real estate and other investments. Consumer reports summarizes that in this comment: In the end, if one spouse invests aggressively while the other is more moderate or conservative, that’s OK, says Dawn Brown, a financial planner in New York City.

article thumbnail

How to Have Your Cake and Eat It Too

Prairie Eco-Thrifter

He can create a “retained life estate,” notes Caroline Camougis, managing director at Delphi Partners, a New York City consulting firm. Give to Charity and Help Your Finances Don’t Let Your Budget Stop You From Donating DIY Butterfly Garden The Do’s And Don’t''s Of Real Estate Investing.

Cake 201