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RE: Smart Things to Do With Your Money | How and Why I Invest The Way I Do

in #steem7 years ago

Exactly, I think its always best to invest in income sources and never touch the principle, but live off of the income it produces!

A relative of mine does Airbnb rentals, she says that it makes pretty good money! That can be a great source of income for you!

I agree asset appreciation can be a great way to make money and I definitely invest in some assets with the hope that they appreciate in value. I just make sure that I invest the majority of my money into assets that will also produce an income over time. I have bought many cryptos that don't actually pay income, but they represent a smaller portion of all my investments.

haha I know the feeling! I'm always looking for new ones! The 4 I listed in the post are the main ones I'm using right now. There are others that vary depending on risk tolerance, income, capital, etc.