Passive Income General Information

Make no mistake. Everyone should be aggressive about creating passive income. The more PI that can be created, the less stress about making more working income is created. There are individuals in this world that are able to live simply off of their PI. There are many types of PI, from basic savings accounts to stocks and real estate. The benefits of having PI take the place of working income are numerous. Regularly, when an individual starts on a path to creating PI, it grows on a regular and continuous basis. Therefor, if you are not creating PI, the question of why needs to be answered.

The benefits of raising passive income are many. They include creating freedom of time and opportunities to do other activities. For instance, maybe you have children and want to be a more active parent in their lives. Having passive income can help create that time you need. Maybe you want to take classes or create projects, and you know that your passive income can cover some if not all the cost. Passive income can lead to the ability to fund philanthropic ventures that otherwise could not be formed.

Even if the passive income starts out small, you should be aggressive in looking to create more of it. For instance, But where do you find it? You can look to your local bank. They have all kinds of interest bearing accounts with small balance requirements which you can use to create passive income. Another place to look is the stock and bond markets. There are thousands of companies that pay a dividend to shareholders on a quarterly basis as well as interest for bondholders. For larger investors, there is also real estate.

Creating passive income can have a dramatic effect on time, imagination, results, and happiness. Finding the way to create PI should be a primary focus when thinking about money.

Finding real estate

Hey

The most recent news on sub prime lenders should make an alarm go off! This is a fantastic opportunity to pick up some decent real estate or stocks of real estate companies that have sold off. I am sure there are mortgage companies and land out there that are selling for less than they are worth. But don't buy just to buy. Do your research first. Remember Rule #1; Know your investment inside out before you put money towards it. I would love to hear of any that you might know.

Take a look at this article from Marketwatch. There is a REIT out there thinking along the same lines.

This is just a thought but I believe Detroit will be a fantastic long term (10 + years) place for real estate.

http://www.marketwatch.com/news/story/fortress-managed-reit-steps-subprime-mortgage/story.aspx?guid=%7BD88FBE61%2DEC50%2D43CA%2DA439%2D83BF9B858778%7D

The Wikiwealth portfolio consists of the following:

Pepsi Stock(www.pepsi.com)
March 55 Call for Electronic Arts (www.ea.com)
Sharebuilder Money Market (www.sharebuilder.com)

Have any ideas, questions, comments, web sites or different blogs to look at? Email at keanemd@gmail.com.

Take care and happy investing!