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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% 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 thus carry a certain excellent standard for both the vehicles investment plan and the property experience of the managing team.
What's more, publicly-traded REITs tend to be connected to broader market volatility, meaning that the share value may fluctuate depending on how the stock exchange 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, due to their potential double dividends. But, public non-traded REITs have recently come under heavy scrutiny due to the large upfront fees often charged to investorsand dubious practices around the disclosure of those fees.
In the last few years, pioneering new platforms like Fundrise have emerged. Fundrise intends to offer the benefits of personal market access, but with reduced fees that potentially assist investors earn superior returns. Leveraging technology and new national regulations, Fundrise provides investors the very first ever diversified commercial real estate investment portfolio accessible right online to anyone in the United States, no matter their net worth.
Irrespective of which investment strategy you decide to pursue to earn residual income, an essential part of the investment process is careful due diligence of every opportunity as it arises and working hard to remove any pre-existing biases. Take time to figure out which strategy makes the most sense for youpersonally, and carefully calculate your residual income objectives.
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When looking at income in the long run, shouldnt we be looking at what's going to happen and determine if that is what we want life to look like We need to work backward from this point until we achieve today, 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 freedom. .
When you retire, your Social Security income plus pensions, if they are left, and dividends and interest off of your investments and perhaps an income annuity will fulfill your needs and hopefully surpass them, so you can walk away from your day job.
Dividends and interest are a form of residual income. Social Security certainly look at these guys is, the government takes money from us every paycheck and we receive a small piece back when we retire (even though it is taxed in retirement again).
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Consequently, if the objective is to have 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 begin investing in sources of residual income now that perhaps dont have an age limit into our 60s What guarantee do we have that we will make it that long.
Additionally, what control do we really have over Social Security and our 401Ks Looking at the origins of residual income, lets have a look at other high-level places we could 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 inventory of where you are at is so crucial. Are you currently doing one of those seven Dont be confused, not all businesses or investments are remaining, in our own opinion.
Earning income has two real definitions. Lets look at those first. Residual Income is income which continues to be generated after the initial effort has been expended. Compare this to what most men and women concentrate on earning: linear income, which is one-shot compensation or payment in the form of a fee, wage, commission or salary.
We think that income that exceeds your expenses is called PROFIT! Thus, we are going to use the first definition for the sake of the document. .