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In 1960, Congress passed a law creating Real Estate Investment Trusts (REITs), big portfolios of income-producing property investments. A REIT is required by law to distribute 90 percent of its earnings to investors every year. Now, an estimated 70 million Americans invest in REITs.
Due to their special tax status, REITs must follow strict compliance standards and therefore carry a certain excellent standard for the vehicles investment strategy and the real estate experience of the managing team.
Furthermore, publicly-traded REITs tend to be correlated to broader market volatility, meaning that the share value may fluctuate depending on how the stock market is doing, irrespective of whether or not anything has changed with all the underlying properties owned by the REIT. .
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On the other hand, public non-traded REITs are becoming popular, because of their potential double dividends. But, public non-traded REITs have recently come under heavy scrutiny because of the large upfront fees often charged to investorsand questionable practices around the disclosure of those fees.
In the past couple of decades, pioneering new platforms such as Fundrise have emerged. Fundrise aims to offer you the benefits of personal market access, but with lower fees that potentially help investors earn better returns. Leveraging technology and new federal regulations, Fundrise provides investors the first ever diversified commercial property investment portfolio accessible directly online to anyone in the United States, no matter their net worth.
Regardless of which investment plan you decide to pursue to earn residual income, an essential portion of the investment process is careful due diligence of each opportunity as it arises and working hard to eliminate any pre-existing biases. Take your time to determine which strategy makes the most sense for youpersonally, and carefully calculate your residual income goals.
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When looking at income in the future, shouldnt we be looking at what is going to happen and determine if that is what we want life to look like We need to work backward from that point until we achieve now, viewing our decisions with money as the pre-cursor of tomorrow The reason we even talk about residual income is the aim of retirement or what we prefer to call time liberty. .
When you retire, your Social Security income and pensions, if they're left, and dividends and interest from your investments and perhaps an income annuity will fulfill your needs and hopefully surpass them, so that you can walk away from the day job.
Dividends and interest are a sort of residual income. Social Security certainly is, that the government takes money from us each paycheck and we receive a little piece back blog when we retire (even though it is taxed in retirement again).
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So, if the objective is to have residual income when we retire, which seems based on Social Security rules to only be possible in our 60s, and the government has mandated penalties prior to taking our money before 59.5, wouldnt it be prudent to start investing in sources of residual income now that perhaps dont have an age limitation into our 60s What guarantee do we have that we will make it long.
Additionally, what control do we really Recommended Reading have over Social Security and our 401Ks Looking at the origins of residual income, lets take a peek at other high tech places we can diversify. Who knows, perhaps you could begin generating residual income now and step into that time freedom sooner than your 60s.
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Taking stock of where you're at is indeed crucial. Are you currently doing one of these seven Dont be confused, not all businesses or investments are residual, in our own opinion.
Residual income has two real definitions. Lets look at these . Residual Income is income that continues to be generated following the initial effort has been expended. Compare this to what the majority of men and women concentrate on earning: linear income, that can be one-shot compensation or payment in the kind of a fee, wage, commission or salary.
We believe that income that exceeds your expenses is called PROFIT! So, we are going to use the first definition for the sake of this document. .