Invest in real estate

My eyes were first open to the idea of “passive income” after reading Rich Dad Poor Dadby Robert Kiyosaki. Although not a real-estate book, it taught me the value of owning assets that produce income, which led me to real estate. Real-estate investing is not always passive, and not always easy, but it can be highly profitable. In addition, there are hundreds of ways to invest in real estate. For example, you could:

• Flip houses
• Own rental houses
• Become a “house hacker“
• Own vacation rentals
• Rent out duplexes, triplexes and fourplexes
• Buy and rent out apartment complexes

Real-estate investing is my favorite way to create side income because it runs like a locomotive. It might take a little time to build up, but once it’s running, it goes a long way with less effort and is hard to stop.