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Thanks for sharing. There are ways to turn cash into cash flow very easily. For example, you could take $100k USD and buy a fixed annuity that would pay you a
by illumin8 16y ago
Thanks for sharing. There are ways to turn cash into cash flow very easily. For example, you could take $100k USD and buy a fixed annuity that would pay you approx. $650 a month for the rest of your life. That number is pretty low due to interest rates being very low, and there is a risk of inflation. You can get inflation adjusting annuities, and of course there are other secure cash flow vehicles.
I admire your ability to generate passive income. Very few can do that without actively working every day. Don't discount the benefits of cashing out should your revenue begin to dwindle. You can still get the benefits of cash flow vs. cash without owning a business.
- jacquesm 16y ago> You can still get the benefits of cash flow vs. cash without owning a business. I know, but it might take a different mentality than mine to pull that off successfully. Less money to spend keeps me from doing stupid stuff.