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If your goal is to achieve financial freedom you need to find passive sources of income. This means things that generate income with very little involvement on your part. Examples of this include publishing royalties, dividends from equities, rental income and profit from business partnerships. Of course, it would require a large upfront investment to buy a rental property but the potential payoff can be huge. Also, experts say it's best to buy multi-family units instead of single-family homes. If you were to buy a four-unit property you could make $400-$600 a month whereas a single-family rental would likely earn you only $100-$150 a month after property taxes, insurance and maintenance. Of course, over time your income should increase while your expenses remain about the same – assuming you get a fixed-rate loan to finance your purchase(s). And one of the best parts of this is that you would have someone else helping you pay off an appreciating asset.