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Everyones met that one person whomakes moneyeffortlessly.
Theyre always generating income, and they dont kill themselves working.
The big question is: how do they do it?
According to experts, its all about making your money work for you.
Below are some ways tohelp you do exactly that.
He said to focus on stable, well-established companies with a history of consistent dividends.
Then, reinvest those dividends to increase your income over time.
Review and rebalance periodically based on performance and risk tolerance, added Rosario.
Reinvesting dividends over time could generate $500-$1000 per month.
Private Lending
According to Rosario, private lending is another good option.
He added that its important to diversify across many short-term notes to minimize risk.
Strictly vet borrowers and get adequate collateral for the best returns, he advised.
Rental Real Estate
In general, experts recommend rental real estate for long-term income.
But to do this, he said its crucial to target stable tenants and maintain competitive rent.
Handlemaintenance and open communicationpromptly to optimize your returns, he continued.
He similarly recommended focusing on stable, long-term tenants and competitive rent rates.
And echoed that [regular] maintenance and open communication are key.
According to Rawal, This could generate $1000-$1500 per month on $200,000.
But he also pointed out you should [ensure] the REIT focuses onstable, income-producing propertieswith modest leverage.
Agreeing with him, Rivera explained that private REITs pool funds for commercial real estate.
Micro-investing is perfect if you want to get started withinvestingwithout committing large sums up front, added Garcia.
Like seeding your financial forest.
Private Real Estate Syndications
Garcia recommends people think outside the box of traditional real estate.
He said, Private real estate syndications pool money from various investors to purchase commercial property.
Generally, these investments offer an income stream through rents, and possibly appreciation.
However, beware: this jot down of investment requiresserious due diligence, he warned.
So, of course, engage experts in the field.
you’re free to own a piece of that trendy downtown office building, he added.
Dividend Growth ETFs
While many experts recommend dividend stocks, Garcia suggests dividend growth ETFs.
This is an invested fund in companies that have shown continuous growth in dividends.
They offer diversification with the potential forincome generation and capital appreciation.
Dividend growth ETFs combine the best of both worlds: steady income and long-term growth, said Garcia.
Its like having a diversified dividend portfolio in a single investment.
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