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In 1960, Congress passed a law creating Real Estate Investment Trusts (REITs), large portfolios of income-producing property investments. A REIT is required by law to distribute 90 percent of its earnings to investors each year. Now, an estimated 70 million Americans invest in REITs.
On account of their special tax status, REITs must follow rigorous compliance standards and thus carry a certain quality standard for the vehicles investment strategy and the property experience of the managing team.
Furthermore, publicly-traded REITs tend to be connected to wider market volatility, meaning that the share value may fluctuate depending on the way the stock market is doing, regardless 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 have become more popular, because of their potential double dividends. However, 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 these fees.
In the last few years, pioneering new platforms like Fundrise have emerged. Fundrise aims to offer you the benefits of personal market access, but with reduced fees that potentially assist investors earn better returns. Leveraging technology and new federal regulations, Fundrise offers investors that the first ever diversified commercial property investment portfolio accessible right online to anyone in the United States, no matter their net worth.
Regardless of which investment strategy you opt to pursue to earn residual income, an essential part of the investment process is careful due diligence of each opportunity as it arises and working hard to remove any pre-existing biases. Take your time to figure out which strategy makes the best sense for youpersonally, and carefully compute your residual income goals.
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When looking at income in the long run, shouldnt we be looking at what is going to happen and determine if that's what we want life to seem like We need to work backward from this point until we reach now, viewing our decisions with money as the pre-cursor of tomorrow The reason we even talk about residual income is the goal of retirement or what we like to call time freedom. .
When you retire, your Social Security income plus pensions, if they are left, plus dividends and interest from your investments and maybe an income annuity will fulfill your needs and hopefully exceed them, and that means that you can walk away from your 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 when we news retire (even though it is taxed in retirement again).
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Consequently, if the goal is to get residual income when we retire, that 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 limit into our 60s What guarantee do we have that we'll make it that long.
Additionally, what control do we really have over Social Security and our 401Ks Looking at the sources of residual income, lets have 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 independence sooner than your 60s.
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Taking stock of where you are at is indeed crucial. Are you currently doing one of those seven Dont be confused, not all businesses or investments are residual, in our own opinion.
Residual income has two actual 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 most men and women focus on earning: linear income, which is one-shot compensation or payment in the form of a commission, wage, commission or salary.
We believe that income that exceeds your expenses is named PROFIT! So, we are going to use the first definition for the sake of the document. .