You will not get rich just by saving money. You will also need to do this | Smart change: personal finance

You will not get rich just by saving money.  You will also need to do this |  Smart change: personal finance

Source dailyjournalonline.com

Investing in physical properties isn’t for the faint of heart, but if you want to become wealthy, it’s a smart thing to consider. An income property could work very similarly to dividend stocks in that you’ll have the potential for that asset itself to appreciate in value over time, but in the meantime, you’ll collect regular payments (in this case, rent) that you’ll then have the option to reinvest. 3. Look at real estate

If the idea of owning property doesn’t sit well with you, there’s another way to invest in real estate — buy REITs, or real estate investment trusts. The great thing about REITs is that they’re set up to pay dividends from the income they generate, so like income properties, they could be an ongoing source of cash. Plus, REITs tend to follow their own pattern so that they’re not necessarily impacted during periods of general stock market volatility (though that’s not always the case). Or, to put it another way, if you build a portfolio of stocks and REITs, you’ll buy yourself some built-in protection against market downturns by having that diverse mix. Dividend stocks can be an important tool on the road to building wealth. Not only do dividend stocks have the potential to gain value over time but, as the name implies, they share the wealth via quarterly payments that you’ll then have the option to reinvest.

The News Highlights

  • You will not get rich just by saving money. You will also need to do this | Smart change: personal finance
  • 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
Emerging Trends In the Global Desktop Computers Market

Emerging Trends In the Global Desktop Computers Market

The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. ...
How your encryption earnings are taxed

How your encryption earnings are taxed

Otherwise all the usual CGT rules apply. You can use your annual £12,300 annual allowance to shelter some gains, and you can offset losses against gains ...
Cost-sharing funds available for soil health, water quality practices

Cost-sharing funds available for soil health, water quality practices

Source: Iowa Department of Agriculture and Land Stewardship, which is responsible for the information provided and is wholly owned by the source. Informa ...
Sakuu presents an industrial-grade battery 3D printer catering to e-mobility batteries

Sakuu presents an industrial-grade battery 3D printer catering to e-mobility batteries

Backed by leading Japanese automotive parts supplier to major OEMs, Musashi Seimitsu, Sakuu is set to enable fast and high-volume production of 3D printed ...
Iowa-based Templeton Distillery debuts Entrepreneur’s Grant for small businesses

Iowa-based Templeton Distillery debuts Entrepreneur’s Grant for small businesses

The grant program is “timed alongside the debut of Templeton’s new 10-Year Reserve Rye Whiskey,” the company said in a news release. Entries are to be ...
Remastered 4K trailer of VEI and Paramount for Indiana Jones in UltraHD

Remastered 4K trailer of VEI and Paramount for Indiana Jones in UltraHD

Not done yet… Visual Entertainment Inc. has revealed that they’ll be releasing Baywatch: Remastered on Blu-ray and DVD on 5/18 (SRP $109.99 and $69.99). For ...
New ACR White Paper Highlights Health Care Challenges

New ACR White Paper Highlights Health Care Challenges

News HighlightsAtlanta, May 12, 2021 (News) — The American College of Rheumatology (ACR) today announced the launch of a new white paper, “Rheumatic ...
The Crypto Daily - Movers and Shakers - May 5, 2021

Zosano Pharma reports financial results for the first quarter of 2021

Story continues Financial Results for the First Quarter Ended March 31, 2021The company reported a net loss for the first quarter of 2021 of $8.1 million, or ...
Cohen Veterans Bioscience presents Voices of Veterans webinar to mark ‘Mental Health Action Day’ on May 20, 2021

Cohen Veterans Bioscience presents Voices of Veterans webinar to mark ‘Mental Health Action Day’ on May 20, 2021

As people experience brain trauma differently, the field has been stymied by a one-size-fits-all approach and lack of objective tools and treatments to ...
Show next
Compsmag - Latest News from tech, business and health
Logo