10 assets that make you financially free!


Are you thinking about ways to be financially free? The answer is very simple. Invest in income-generating assets. Many successful entrepreneurs utilize income-generating assets to ensure multiple, steady streams of revenue. Yup, the whole idea is to invest in those assets that generate some sort of passive income, where you don't have to actively participate. And the best thing about income-generating assets is that anyone can invest in these assets. Whether you are fresh out of college or are approaching retirement, there are opportunities to build wealth with income-generating assets and achieve financial freedom. Keep reading to know about the list of income-generating assets, and learn how to get started today.

What are Assets that generate income?

The definition of income-generating assets is an investment that generates consistent, recurring revenue, cash flow, or income over time. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price; these investments would include but are not limited to stocks, bonds, or real property. Given the fact that economies can be unpredictable, it is now more important than ever to have multiple income streams. Income-producing assets are a great way to do this.

10 income-generating assets that are making people rich

1. REITs : (Real estate investment trusts) 

Real estate has always been one of the many recommended tools to raise assets. Even with the outbreak of COVID-19 population number is still increasing which results in an increase in demand as people need a place to live in. When we talk about real estate investment in India. the first thing that comes into your mind is that it requires large loans and the hassle of getting all the required clearances, entering into leases, and then rent collection. But a less-known and better option is through the REIT route. A REIT is an entity that holds a portfolio of commercial real estate or real estate loans. REITs combine the best features of real estate and stock investment.

2. Dividend-paying stocks :

When government bonds and bank saving accounts pay a minimal interest rate, it's hard for these instruments to generate acceptable returns or fund a person,s retirement needs. As such, now investors are turning to dividend-paying stocks to fill the income gap. stock dividends have a tax advantage for the investor. The share dividend, like any stock share, is not taxed until the investor sells it unless the company offers the option of taking the dividend as cash or in stock.

3. Reselling :

Within 10 years, secondhand is expected to grow even larger than fast fashion, according to a report from online resale site ThredUp. 64% of women are now interested in buying second-hand products, up from just 45% in 2016. And resale shoppers come from a variety of income brackets and a range of ages. Thus a variety of goods can be sold, online or in-person, for a surprising amount of cash.

4. Rent out your property :

Rent out part of your home, your car, equipment, land, plot to increase cash flow without much effort. one of the greatest benefits of investing in rental property can be the generation of passive income. This allows investors to earn an income that does not involve the exchange of time and money. which ultimately leads to more free time. Having free time is the real pot of gold at the end of the rainbow. If you are strategic enough, you may be able to retire early and have more time to create the life of your dreams.

5. Selling a Patent, Copyright, or Trademark :

Patents, trademarks, and copyrights are all forms of intellectual property, and just like any other property, intellectual property can be bought, sold, inherited, or otherwise transferred. Selling an intellectual property can be a great way to generate income. In short, intellectual property is the ultimate side hustle. Thus, ask yourself how you can use the skills and talent you have, create content, copyright it, and then sell your patents.

6. Selling Digital products :

Digital products are any virtual item you can pay for, and download instantly. They are intangible but they have value. Streaming movies and TV, digital courses, video games, software, and apps are some good examples. There are plenty of digital items you can put together using only time, energy, and a little focus. Online marketplaces and e-commerce tools are relatively less expensive, compared to building a physical inventory. therefore resulting in higher profit margins.

7. Commodities :

The prices of commodities shift constantly as patterns of supply and demand change throughout the world economy. Numerous people in India are looking at gems and jewelry and other precious metals as a long-term investment option. To encourage investments in this sector, the government has reduced the import duty on gold and silver(from 12.5% to 7.5%) and platinum &palladium( from 12.5% to 10%).

8. ETFs : (Exchange-traded funds)

ETFs can be an excellent entry point into the stock market for new investors. They're cheap and typically carry lower risk than individual stocks. Exchange-traded funds are a type of investment fund that offer the best attributes of two popular assets: They have the benefits of both, mutual funds and ease of stocks traded. These are suitable as long-term holdings for 'buy and hold' investors).

9. Investing in Startups :

Well, I love startups as an asset class for investment because besides capital, I can offer my time, Every deal, experience, and strategy shared in the public domain is anecdotal. As the value of the company increases, so does the profit you can make selling off your stake. The wealth creation opportunity that startup investment provides is nearly unparalleled. startups are high-risk and high-return investments.

10. Invest in yourself :

Last but not the least, learning to invest in yourself may be the most profitable investment you ever make. It not only gives you benefit in future but also in present. Accordingly, this involves small, continual improvements, setting goals, strengthening your skills, learning new skills.  Your future is in large part determined by your willingness and ability to invest in yourself now.

Comments

Legend yash said…
This comment has been removed by the author.
Legend yash said…
Fruitful information
Thanks for sharing with us
Keep it up
Aditya Mishra said…
Informative article Boss and your research skill is good Aditi 👌
Unknown said…
Very Informative!

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