Built up Your Capital? Now What?

If you have built up your nest egg and are wondering “what now?”, read on.

You can’t just sit on your assets and become wealthy. Your assets must work for you now. You have probably heard that the difference between the rich and everyone else is that everyone else works for their money and the rich have their money working for them. Nothing could be truer.

Making your money work for you is called Passive Income.

Passive income is most commonly defined as dividends and income paid on a principal. But if you read much about how taxes work, that level of passive income is taxed the most. So, what is better – tax wise? Well, you can start or buy a business. You can buy and operate income producing property. You can earn royalties by writing a book, making a movie or recording a song. You can join a network marketing team.

Each of these requires education and due diligence. You want your money working for you. You want to increase your nest egg even more so you can use it to increase your level of passive income.

I recommend reading all you can about the type of passive income in which you are interested. There are a multitude of books written about every subject. I would recommend this one to start with:

Gary

About Gary

I am retired, but not tired. I still want to be valuable to others. I know that others are valuable to me. After looking back on six decades, I have asked myself this question: “What do I believe?” My mind filled up. My heart started beating faster. My spirit soared. I post blogs to share what my mind is working on, what my heart believes would help others and, what my spirit is communicating to me. What do I believe, you ask? Decisions dictate your path In love, not hate In tolerance, not prejudice In health, not sickness In wealth, not poverty In kindness, rudeness In happiness, not sadness In encouragement, not discouragement In faith, not doubt In courage, not fear I have been and will be challenged in each one of these beliefs, but the biggest belief is to stay positive and not turn negative. This belief helps me maintain all of the others.

Leave a Reply