Creating streams of passive income to make money while you sleep helps you build wealth over time. It will make sure you increase your liquid net worth and work toward any financial goals you have set for yourself.
Purchasing rental properties and investing in real estate is a classic way of creating residual income. Real estate investing is great because you get a steady stream of side income with many potential upsides.
If you’re not up for buying a property, it is possible to invest in real estate through Real Estate Investment Trusts (REITs). REITs are companies that invest in real estate, and you can get a share of their rental income.
There are dozens of companies that can help you to start investing. Some companies support you when you set up your own portfolio, while others will create a portfolio based on your preferred risk allocation.