Om Rental Income vs. Income Investing
We all have to start building our passive income portfolio somewhere. Should we start with real estate or income investing (dividends)?
If you have a $1,000/month income portfolio, you will reap the benefits for your entire life. This cash flow allows you to save for emergencies, go on vacations, and change jobs.
Once you secure your income portfolio, it's time to dive into real estate and rental income. Luckily, living below our means is the best type of rental income.
If we can rent rooms, we will make a fantastic leap in our financial lives. This cash flow can pay off debt, fund our emergency reserves, and help us grow our income portfolio.
Every American should have some sort of rental income, dividends, and royalties. But the best place to start is with an income portfolio. Good Luck!
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