Most people focus only on and only know about active income. Active income buys fancy cars, expensive homes, and designer clothing, all while simultaneously being taxed at the highest rate out of any income.
Yep, read that last part again. Active income is the most heavily taxed type of income.
Why keep hustling at earning active income, only to have such a large portion taxed?
The focus should also be to generate and build passive income until it equals or surpasses your active income, which is what we’re talking about in this article.
Each time a recession hits, it takes us by surprise - no matter if you’ve been through a recession before or whether you’re heavily involved in market trends examination or not. And since, on average, since 1900, the US has experienced a recession every four years, it’s important to know what to expect and how to handle your investments during this time.
So, what happens to real estate in a recession? How much is the real estate market as a whole affected? And, the question on your mind, when is the right time to invest in real estate?
To find out these answers, we’ll look at previous recessions which will prompt you to identify where the market currently is in its cycle. This can help you look forward to the next few months or years and know when it’s the right time to buy again.
It used to be that you went to college, got a good job with a pension, and rode that wave until the day you retired. Things aren’t like that anymore and we’re 100% individually responsible for putting away savings SO THAT we can retire.
Not only are employer-paid pensions practically non-existent, but it’s not common anymore to stay at a single company or even remain in a single career path long term.
For this reason, many of us have old, partially funded, half-forgotten retirement accounts scattered throughout our trail of previous employers.
If this sounds familiar, you’re going to want to de-clutter your retirement accounts ASAP by rolling each one over into a single, consolidated account.
Choosing a singular real estate syndication deal out of the bouquet of investment opportunities at your fingertips is no small feat. Attending an investor webinar during your evaluation process can be one of the smartest moves on your part, giving you insight as to whether the deal will be successful or a flop.
In this Ultimate Guide to Investor Webinars, you’ll find out what to expect, why webinars are valuable toward your investment decision, when they take place, and questions you should ask.
Ally in generational wealth creation & protection.