Below are 5 income-producing / appreciating assets to kick-start your journey to wealth:
1. Index funds
Index funds come in the form of mutual funds and ETF's.
Examples:
- S&P 500 ($VOO)
- Dow Jones ($SPDR)
- NASDAQ ($QQQ)
Dollar cost average each paycheck into an index fund and you'll be amazed by how much you have in 10 years.
Index funds come in the form of mutual funds and ETF's.
Examples:
- S&P 500 ($VOO)
- Dow Jones ($SPDR)
- NASDAQ ($QQQ)
Dollar cost average each paycheck into an index fund and you'll be amazed by how much you have in 10 years.
2. Dividend-paying stocks
Many companies pay you for owning their stock in the form of dividends.
Dividend Kings are those companies which have paid out dividends consistently for 50+ years.
Examples:
Coca-Cola ($KO)
Target ($TGT)
3M ($MMM)
Many companies pay you for owning their stock in the form of dividends.
Dividend Kings are those companies which have paid out dividends consistently for 50+ years.
Examples:
Coca-Cola ($KO)
Target ($TGT)
3M ($MMM)
3. REIT's
If you're interested in real estate, but want to stay hands-off and want to keep some liquidity, Real Estate Investment Trusts might be the best option.
Examples:
Crown Castle ($CCI)
Public Storage ($PSA)
Realty Income Corp ($O)
If you're interested in real estate, but want to stay hands-off and want to keep some liquidity, Real Estate Investment Trusts might be the best option.
Examples:
Crown Castle ($CCI)
Public Storage ($PSA)
Realty Income Corp ($O)
4. Real estate
If you're looking to be more hands-on, real estate is an awesome investment.
Examples:
- Residential rental
- Commercial rental
- Storage rental
- Flipping
- Wholesale
- Own & move every few years
If you're looking to be more hands-on, real estate is an awesome investment.
Examples:
- Residential rental
- Commercial rental
- Storage rental
- Flipping
- Wholesale
- Own & move every few years
5. Digital products
Invest time and money upfront and then find people who will gain value from them.
Examples:
- e-books (Gumroad, Amazon)
- courses (Udemy, Teachable, Gumroad)
- videos (YouTube, TikTok, IG)
Invest time and money upfront and then find people who will gain value from them.
Examples:
- e-books (Gumroad, Amazon)
- courses (Udemy, Teachable, Gumroad)
- videos (YouTube, TikTok, IG)
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