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A List Of Investments That Can Give Off Income

Todays Date: November 16, 2018

If you are getting close to retirement and you would like to figure out how to live off of your retirement savings one thing you can do is to put your money into some cash flowing investments and then simply live off of the passive income that they produce.

So, what are some cash flowing investments?

1. Buying and Renting Real Estate

Real estate is a great way of investing money and it works like this, you buy a property and rent it out. If you had to borrow money to get the house then ideally the rent money would pay for the mortgage and then some.

The great thing about buying and renting properties is that people are always going to need a place to live so there will always be a market for it.

2. Stock Market

Investing in the stock market can be a great place to grow your money and your long term wealth. But it can also be a great way of gaining a passive income stream as well. Dividend stocks pay you for investing into their stock. By holding onto the stock you can get some nice passive income coming in each quarter.

Stocks that are backed by fundamentally strong companies are also considered to be pretty safe. They are not likely to go bankrupt and will probably increase in value.

3. Starting a Small Business

Creating a small business can be another great way of getting some passive income coming in each month. While it does take money and time to get a business up and running it can eventually lead to a nice passive income stream and if it lives on after your death it a business can be a nice legacy to leave behind.

Each one of these investments can be a terrific way of growing your wealth and building up some passive income streams. Taking some time in order to do these can lead to financial security and even financial freedom if they start paying you as much or more than your current job.

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