Tuesday, 3 Mar 2009
photo credit: extremeezine
I’m all about multiple streams of income. I don’ t like the idea of all my income being in one basket, particularly in this economic climate. Mr. Savvy and I both work full-time. In addition, we each have a business on the side. We’ve been toying with the idea of rental property for a quite a while now. However, we haven’t been able to ‘make a deal’, so to speak.
Another couple we know is heavy into real estate investing. So we’ve decided to get serious and pick their brains. I’m not making any promises because we have a lot going on this year (travel, furniture and home improvement) but I’d like to buy something before the year is out.
Do you have multiple streams of income? What advice do you have for others?
March 5th, 2009 at 1:28 AM
Real estate investing does certainly look attractive at these current levels. I am also evaluating our finances and home projects for the next few years to see if it makes sense. Stocks may also be an opportunity for passive income that also doesn’t require any property management.