I’m in all five income sources plus pension income. I retired at 59 and don’t regret a second. My favourite income source is dividends, especially dividends that grow every year. The regret I have is that I didn’t start this strategy when I was very young. Had I started earlier I could have retired at 40.
W2 employee here, with 1099 side income. I also have dividends and interest payments as well. Plus, a few growth stocks that don’t pay dividends, but I can sell eventually and buy more dividend stocks or add to current positions.
thank you. Rent is my favorite income.
im finally getting rich now thanks for this huge advice
Great video, Rents, W2, Interest, Dividends (Reinvest, reinvest, reinvest!!!) Have to look into Royalty income...interesting.
Thanks Toby, for a great video. My favorite income is dividends and rents
This has been the most helpful summary on passive income. It was concise and to the point. Thank you!!
I’m 35 and I just tapped into 4 of these incomes over past 3 years. Feels like I’m the right track. Just need to keep saving and scaling.
My favorite is: finding a small cap stock, that has no institutional investors. But has a formed base. And fluctuates 5-10% a day. And before it breaks out, I start buying it at a low. And wait 2-3 days. And when it goes up to it's normal high, I sell it.
Im a beginner and Im just buying shares in my favorite companies as often as possible. Thanks for the great info.
I am an HVAC/Refrigeration contractor. I work pretty much every day,, no weekends or OFFs. Its obvious that I am doing something wrong; I work 12-14 hours everyday, I have customers signing in a waiting line simply because I cannot help everyone... But, I am still pretty much don't have savings for retirement and this contractor's job is the only income I've got. Thank you for your videos. I will turn my head towards passive incomes now. I've got massive experience with rental properties.maintenance and repairs for other people. I guess, it's the time for me to get my own rentals.
Rent is my favorite thank you for the information you are a wonderful person and very much God's send 🙏 I am learning a lot of info coming from you 😊 u are a good professor.
My favorite type of income is dividends and dividend reinvesting.
Rents, royalties, interest,dividends,short term tax gain
Besides revenue from work, dividends from stocks. I must learn more about covered calls, because heard a lot of good comments on this. Rents are good, but not for everyone, so I invest in REITS instead.
1st time seeing one of your videos and I am hooked! I love the simplicity. I have been an investor in all of these types and sometimes get sucked into shiny objects, this video has inspired me to adjust my overall portfolio!
I like to have SCHD. 20% of each ROTH IRA Portfolio. Yield: 3.75%60% SPY20% Various Income Funds, PFF, ILTB, TLT.......What are more interesting buys to grow and safeguard $300k for 6 years? Real estate or maybe Gold
Please do a more comprehensive guide on selling covered calls for a novice.
Toby, I recently was sworn into the Massachusetts bar. I loved learning about tax in law school, but sadly never took estates. Now, I'm starting out as a solo estate and tax planning attorney, and I find your videos so informative! Thank you so much for producing such cogent and concise videos! I'll certainly share with colleagues
@TobyMathis