Life offers us many choices—some are hard, some are easy. Finding the right person to marry is a difficult decision. Deciding what house to buy can be more manageable—trying to determine what passive income stream to build is tricky.
We should all know that we need passive income in our lives. There is no other way to build wealth. We need to make money in our sleep. But what passive income stream best suits our needs and goals?
I remember growing up in the 1980s and 1990s having a really cool book series. The series is “Choose Your Own Adventure.” In the book series, you would travel through making decisions that take you to various pages and outcomes.
Who would have known that’s exactly how life plays out over time? We have to make choices that lead us to the outcome we want. Do you want to have unlimited freedom of time, money, movement, and resources? Then you better start building streams of passive income today.
Today I offer you three passive income paths to travel. Each is vastly different and eerily similar. They all start with a stream of income and grow to an ocean of revenue, but only if you stick to the path. The three paths are dividends, real estate, and business.
Luckily, I have been hard at work grinding out books under each adventure. These books combine the articles you need to get started in each asset class. Together, they form a powerful life solution that you can use to build an incredible amount of wealth. Let’s take a look.
“How We Plan to Retire on Dividends 2” guides you through the fantastic world of dividend income. There is so much to learn that this book is just the beginning. I talk about the differences between dividend growth investing and income investing. Also, beating inflation is a hot topic as well.
“Retire Rich, Retire Comfortable with a Business 2” covers two aspects of business which are royalties and automated business. Both are similar in that you make money passively. They differ because royalties cost you creativity and time to create. An automated business takes skill and money to build, at least initially.
“Financial Independence through Real Estate 2” walks you along the path to build the most consistent income of them all. Building rental income is like creating a pension. Even better, your income keeps up with inflation through rent increases. Did I mention your homes will also appreciate?
The best part is that you do not have to choose between them, you can have them all. I earn monthly income through all of these methods. You can do it as well. So choose your own passive income adventure, with all roads leading to a happy, successful cash flow retirement!
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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