Depending on your age and where you are in your career, you have likely realized that you are going to need a certain amount of income to carry you through your retirement. The more sources of income you have the better off you will be. What does it mean to have “multiple sources” of income and how do you go about creating those?
If you’re like most Americans, the financial advice you have probably heard is to save a bunch of money and put it in the stock market, then start drawing it when you retire. For me I think it is a little risky, particularly if you retire one year and then the market drops 20 - 30% the next year. It is going to be really hard to recover that money over your retirement years. So, how do you avoid that? And where do you invest instead?
I recently had the opportunity to be a guest on the Daily Real Estate Syndication Show with host Whitney Sewell, founder of Life Bridge Capital. The show was created to help active investors learn how the syndication business works and help passive investors understand where to invest when wanting to diversify into real estate. In the Podcast we talk specifically about creating multiple streams of income and how real estate investments, specifically multifamily real estate, can help hedge against market volatility and produce multiple steady streams of income to serve you in your retirement years.
I invite you to watch the podcast and learn smart ways you can passively invest your hard earned dollars.
Marshall Sykes
Co-Founder, Managing Partner
Capitano Investing Group
