I was listening to Pat Flynn's podcast, and I was very happy to listen to episode #174 on how to invest on the episode with Ryan Morgan (listen to the podcast here: http://www.smartpassiveincome.com/how-to-invest-passive-income-from-business) that what he does is essentially the same as my ideas and where I'm going - looking at investing and reinvesting my income yields back into these income investing such that by 20 - 30 years time, the dividends will be massive and provide me good passive income.
Since january 2015, I've been researching and looking deep into the area of income investing, where I look for very safe and stable investments that provides ongoing dividends or rental over time - and interestingly, despite me finding evidence that it works - Warren Buffett has this to say about safe investing (he recommends index investing, which is an even more ultra-conservative-and-safe approach to income investing in equity.
So what I do is to take whatever budget alloted to me to invest, and to look for good and stable investments that has proven to provide stable and growing returns. These include:
Over time, dividends and rental will be reinvested into 2 general groups:
This approach is slightly more aggressive, because my perspective is to create/acquire more and more active/passive recurring income internet businesses that will accelerate my passive income portfolio....BUT I am not THAT aggressive to put 100% returns into passive income internet businesses.
It is more sustainable and scalable for me to put 50% and 50%.
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