Of course, we’re just getting started… 2. Unfortunately, most people never get past this stage in their investment journey. While these two both pay slightly higher interest rates than a regular ‘ole checking account, you’re still gonna be hard pressed to make any meaningful income from these ultra-safe choices. Probably the most basic income producing asset in the world, and also one of the least profitable. Savings Accounts or Money Market Savings Accounts The result? Your investment tracking becomes almost as easy the money you’re getting from all your income producing assets.
#Cashflow classic software#
Their free software automatically tracks the performance of your income producing assets, including monthly cash flow, annual return, and even free fee analysis. Oh, and before we get too deep into this, no matter which asset you’re invested in, I continue to recommend Personal Capital. Multi-family Rental Properties (Duplexes, Triplexes, and Quads) The Official Money Wizard List of Income Producing Assets.(yet!? maybe!?) So, in case you’ve got more money laying around than you know what to do with, allow me to introduce… The Official Money Wizard List of Income Producing Assets Unfortunately, I don’t have unlimited cash to invest in all these possibilities. Over the years, this little fascination has left me with more ideas than I know what to do with. But transforming yourself into a business mogul, with money flowing in from all your different successful ventures? Now that’s winning the money game… Sure, working your way towards a really high paying salary is cool, I guess. I don’t know why, but any time I hear of somebody making money in some oddball way, my eyes light up, and I file it under “Great idea! Life Goals…” I’ve always had a special fascination with idea of money flooding in from all directions. There is the investor class and the people who have to work for a living.” There is no lower, middle, or upper class. Instead, let’s look into spending our money on the ultimate status symbols: income producing assets. So if you’re still tied to your day job, and you’re serious about reaching financial freedom, then ditch the cars, jewelry, and luxuries. 65% of them have at least three income streams, and nearly 1/3 have 5 or more income streams. At least that’s what millionaires will tell you.
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