10-01-2021, 07:37 AM
This is one of the most important topics discussed on this forum. Diversity in your income stream is VERY good. Real Estate has been solid for centuries. Being a landlord is not for everyone. Maybe it doesn't fit one's personality? I was glad I did it but my career required I keep it small. You can hire out property management as well if you do it on a larger scale. I am convinced a side hustle of some sort is important if you don't have a huge and secure wage. Even then things can change. Mike and I lived through the 70s-80s. Major employers just went away on fairly short notice. More than one way to get along in the world is smart. Just find something you find interesting. I repaired cars on the side when I was in my 20s. Wages seem silly now, but I invested half of it so not so silly with decades of compounding.
Just depending on a DGI port for the bulk of my income would not give me comfort. I've seen the rug pulled too many times.
Just depending on a DGI port for the bulk of my income would not give me comfort. I've seen the rug pulled too many times.