Financial planner clients get the most passive revenue from 2 sources

Financial planner clients get the most passive revenue from 2 sources

Real estate can be a tricky income source — it can involve some work if you choose to run it as a landlord. But, commercial properties and properties that are managed by a property manager can be much different, and much more passive.  He cites one client who owns several types of real estate. “He owns warehouses where he’s a limited partner, so he owns a small percentage of that warehouse. He owns single-family homes, multi-family homes, and he owns just raw land as well that will probably be developed at some point,” says Bovard. Some of these holdings he splits amongst a group of investors. Dividends and distributions are a powerful passive income source for business owners — but dividends aren’t limited to CEOs

Real estate is a popular way to make passive income.  Real estate is a common type of passive income, but not everyone is a landlord

John Bovard, a financial planner at Incline Wealth Advisors in Cincinnati, Ohio, says that his clients’ biggest passive income source is real estate.  It can come from a variety of sources, ranging from affiliate marketing to rental real estate. To find out how people make passive income, Insider asked two financial planners how they most often see their clients earning this kind of cash. They shared two key sources: real estate, and distributions and dividends.

More Personal Finance Coverage Source www.businessinsider.com However, dividends aren’t only available to business owners and executives. Dividends are investment income that comes from owning shares of a company’s stock, and anyone who invests in a stock offering a dividend can receive this type of passive income. While not every stock offers dividends, those that do provide recurring income each time a dividend is made available. The more shares you own, the more you receive in dividends. 

“We have a good number of business owner clients, as well as executives,” he tells Insider. “We see a pretty significant percentage of our clients’ income being passive income coming from distributions. If they own equity of a company that’s publicly traded, then dividends, primarily.” Financial planner Kenneth Chavis IV of Lourd Murray in Beverly Hills, California, says that his clients mainly build wealth through business and stock ownership.

The News Highlights

  • Financial planner clients get the most passive revenue from 2 sources
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
mParticle Launches Data Privacy and Control Features to Assist Brands in Meeting Apple’s App Tracking Transparency Requirements in iOS 14.5
mParticle Launches Data Privacy and Control Features to Assist Brands in Meeting Apple’s App Tracking Transparency Requirements in iOS 14.5
“Data privacy and governance are critical requirements for brands to address in their data strategy,” said Chee Chew, Chief Product Officer, mParticle. ...
Nintendo songs have been pulled out of the Tokyo 2020 opening
Nintendo songs have been pulled out of the Tokyo 2020 opening
The Tokyo 2020 opening ceremony was held last week, on July 23, and its sole video game reference took place during The Parade of Nations, the lengthy ...
In Q3 2021, Apple saw a double-digit increase in iPhone upgraders and switchers
In Q3 2021, Apple saw a double-digit increase in iPhone upgraders and switchers
iphone12 lineup wide Cook said that it was the largest upgrade quarter for Q3 ever, and that the iPhone 12 upgrade cycle on the whole was “very strong.” ...
Missoula Co. COVID-19 cases, discharge hospitalizations
Missoula Co. COVID-19 cases, discharge hospitalizations
“Children 11 and younger especially should wear masks, social distance, and frequently sanitize their hands until a vaccine is approved in their age group,” ...
Apple just put in a “gold medal performance”: Here are three Wall Street analysts’ reactions to the tech giant’s record-breaking third quarter
Apple just put in a “gold medal performance”: Here are three Wall Street analysts’ reactions to the tech giant’s record-breaking third quarter
As investors navigate Apple’s results, here’s how three Wall Street analysts reacted to the third quarter earnings report. Wedbush: “Apple delivers another ...
Sony’s PS5 is now the company’s fastest-selling game console
Sony’s PS5 is now the company’s fastest-selling game console
Granted, it may not look as impressive compared to the PS4’s worldwide sales figure of 106 million as of December 31, 2019; but keep in mind, this took 6 ...
COVID-19: Coronavirus testing ‘will not be mandatory’ for fully vaccinated people to avoid isolation if ‘dribbled’ from Aug 16 |  policy news
COVID-19: Coronavirus testing ‘will not be mandatory’ for fully vaccinated people to avoid isolation if ‘dribbled’ from Aug 16 | policy news
Asked if it will be obligatory, Mr Javid added: “It won’t be compulsory.” “Well what we are planning to do on 16 August is, as you say, first – if you have ...
Baton Rouge  News Bank Opens Lending Offices in Northern Louisiana, New Orleans Could Be Next |  The business
Baton Rouge News Bank Opens Lending Offices in Northern Louisiana, New Orleans Could Be Next | The business
It opened a new loan production office in Ruston and expects to open a similar office in the New Orleans metro area by third quarter this year.  The bank’s ...
WARNING: Investigators get into a mother’s encrypted phone, revealing text messages and video – KSNT News
WARNING: Investigators get into a mother’s encrypted phone, revealing text messages and video – KSNT News
Deadly weekend on Kansas highways gets worse after 6-year-old dies from injuries Recommended bonds on Amber Odom McDaniel are $50,000 and $10,000. WICHITA ...
Hospital limits visitation amid rising virus |  local health news
Hospital limits visitation amid rising virus | local health news
A patient at the end of their life is permitted two visitors and a clergyman. Exceptions may be made on a case-by-case basis. In the intensive care and ...
Show next
Compsmag - Latest News from tech, business and health
Logo