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Which type of passive income should we choose?
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[QUOTE="Shaf, post: 251227, member: 25467"] Just like running an active business, you have to consider your skills, personality and preferences when choosing a passive income stream idea, especially if you plan to do so after retirement. It also helps to know how much money you have to spare and how much of it you would be willing to lose without being financially impacted significantly. That's because while the idea may fail, you would need to go on and try others. You don't want a situation where you become stranded for cash. For me, real estate and rental properties are the best choices for passive income stream. They are passive once the initial work of the active stage is done, they bring a reasonable amount of money that can be used for personal expenses or to further expand you businesses and they carry relatively less risk than others. It's also in your control. Shares too would be great, provided you pick good ones and they continue in the same time in years to come. [/QUOTE]
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Which type of passive income should we choose?
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