There is a misperception that i think occasionally forms when people view real estate through the ens of passive income. It's more accurate to call it residual income, right? You frontload the work load, and by virtue of front loading that work load, you receive passive residuals down the road. The second thing that i heard you say, you talked about going into business with cousin. I would give that a start. And i would also seriously reconsider whether or not you want to do this with a partner, not trying to talk you out of it.
#358: Where is the balance between the risks and potential returns of actively and passively investing in index funds?Where do you place your savings after you max out your retirement and HSA accounts?
How do you finance building a rental unit when there’s already a home on the lot?
Is it more beneficial to buy back pension time with post tax deductions or a 457b plan? Or should I not buy back pension time at all?
In today’s episode, former financial planner Joe Saul-Sehy and I discuss the purpose and practice of mindful money.
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
Enjoy!
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