By John Sage Melbourne
Financial independence and retirement take years– usually years– to reach. Yes,you need to have a target savings and a target date,but it’s such a big goal that it feels far-off and intangible for most of us.
To make it more real,set a target for annual passive income growth,such as “I have $150/month in passive income today. By the end of the year,I want $300/month in passive income.”
Passive income can come from rental residential or commercial properties,of course,but it can likewise come from stock dividends,REITs,bonds,crowdfunding sites,peer-to-peer financing sites,personal notes,even royalties. When you plan how to grow your passive income,choose on a target property allotment.
Follow John Sage Melbourne for more skilled property investment advice.
Time and time again,the research has discovered that property has traditionally delivered more powerful returns than stocks,regularly,which provides confidence for future property investment.
However that does not mean you shouldn’t invest in stocks. Rental residential or commercial properties create income well,but they tend to not appreciate as quickly as stocks. In contrast,stocks grow well but do not tend to deliver high yields for dividend income.
I’m a big fan of property,but that does not mean you need to ignore other property types. Consider shares,bonds,and other financial investments with an open mind and make an educated decision about where you want to put your money. Your goal is diversification.To find out more about property investment,visit John Sage Melbourne here.