5 steps to follow to create enough passive income to retire

Save until it hurts each month A common mistake most people make is thinking that they are saving enough through their retirement funds, but the stark reality is that you are not. Creating passive income will require you to aggressively invest your after tax income each month. Most retirement accounts don’t allow you to draw from your pre-tax accounts before the age of 59 and a half withouth taking a 10% penalty. In order to enjoy financial freedom in the future, you will have to sacrifice some of the pleasures…

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How to invest in property without having to deal with tenants, maintenance or significant upfront capital

Investing in real estate can be an exciting strategy, being both lucrative and satisfying at the same time. Buying a property usually requires that you have a portion of the total cost up front while you will be paying of the balance, plus interest over time. Traditional mortgages usually requires a 20% to 25% down payment. Once you have acquired the property you will then have to ensure you get a tenant that rents the property. You will also have to ensure that the property is maintained and rent is…

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