Hosted by Lee Cleasby
FYR 006: Principle Five Income Producing Assets
Fund Your Retirement Five Principles
This is the fifth and final principle for funding your retirement, Income Producing Assets
Income-producing assets are the ability to generate a regular income for yourself after expenses, such as rental properties, stocks, bonds, land, and businesses.
Funding your retirement is not just about quitting work, although it probably is for many of you, to me, it is about choice, you can choose to continue working or choose a different path if you wish.
Income-producing assets are an opportunity for you to generate a steady income over time. They are investments in properties and businesses that generate consistent reoccurring revenue and are at the opposite end of the scale to speculative assets
Depending on what stage you are at in life, you can reinvest the income generated from your investments into more revenue-producing assets.
This allows you to harness the power of compounding returns, further accelerating your path to Retirement Prosperity.
Scott Cook founder of Intuit said,
“Today, people have to be self-reliant if they want to secure a retirement income.”