| Investments That Give Off Income |
 |
 |
 |
| Written by Shaun Rosenberg |
| Tuesday, 08 June 2010 14:16 |
|
If you are getting close to retirement and you would like to figure out how to live off of your retirement savings one thing you can do is to put your money into some cash flowing investments and then simply live off of the passive income that they produce.
If you are getting close to retirement and you would like to figure out how to live off of your retirement savings one thing you can do is to put your money into some cash flowing investments and then simply live off of the passive income that they produce. So, what are some of these investments? 1. Buying and Renting Real Estate Investing into real estate can be a terrific way of building up your net worth and of gaining some extra cash flow on the side. The idea here is to buy something that people want to live in and then rent it out. Hopefully the rent covers whatever mortgage you may have and then gives you some extra cash flow on top of it. The thing that is really great about rental properties, is that people do need a place to live so there is always going to be renter. 2. Stocks The stock market can also be a great place to make some extra money and to grow your wealth. Of course investing into stocks usually works out best over the long term, but it can also be a great way to make some passive income. Dividend stocks will pay you just for holding them. If you have enough they can produce a very nice income. Stocks that are backed by fundamentally strong companies are also considered to be pretty safe. They are not likely to go bankrupt and will probably increase in value. 3. Side Business Setting up a side business can take both investment capital and work. While it isn't a passive way of earning an income (at first anyhow) it can be a terrific way of building your wealth and can lead to a nice income stream. Things like network marketing and online businesses have a huge potential behind them. These three investments are probably the best ways of growing your money and getting some extra cash flow from it. They may all take a little but of work, but they are all capable of bringing in financial security and success. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. For more articles on making money visit Shaun's site about how to earn extra income Get a totally unique version of this article from our article submission service |