Ok I am 28, just paid off mortgage and am now looking to generate passive income. This is what I know, if I am incorrect in any of this please advise me on the correct understanding. I have about 3k a month to invest.PROS/CONSReal Estate: Great deals on foreclosuresTax break (interest, depreciation, property taxes, insurance, labor, parts etc)Higher yields or profit margin ROIPhysical labor, Tenants, Possible non-rented monthsImmediate passive income Dividends:No effort (physical)Somewhat recession ProofROI lowerLong term investing
You will need large deposit on house and mortgage might be diffficult. If you can get finance should eventually be a good investment (and geared/leveraged). Shares easy to trade, almost immediately. If you are making a short term profit you can easily and cheaply sell and reinvest elsewhere.
Did you remember the quantity of unemployed humans on this country whilst you implemented the will have to now not consume factor. There are many causes that humans don't paintings and the will have to now not consume had now not regarded them. There is not any magic bullet to sound recommend and rightly dividing the phrase of reality. There are many firms that do much less along with your donation than what a smoker would possibly do along with your donation or an alcoholic. This shows that a individual has a couple of crisis. Are you suggesting that the homeless that obtain donations will have to be blank, sober and now not people who smoke? However you obtained that greenback, you did not ought to qualify to obtain it. This is harmful pondering and it might be higher not to supply ever than to cross this variety of judgment with a donation. Whatever is completed with a donation isn't a trouble. The trouble is whether or not you're giving it for the correct purpose.
The okorder All the best.
