$10,000/mth Passive Income
Looking for suggestions on how to take money out of stocks, invest into real estate, and maximize passive income :)
GOAL: $10,000 passive income per month
WHY? To leave our W2 jobs, travel, and spend more time with family
HAVE: Here's a list of what we've achieved so far :)
1) $600,000 in liquidable stocks/bonds as well as $50,000 in retirement funds
2) $170,000 in annual wages (mix of W2 and 1099 employment)
3) Ability to become accredited investors (my boyfriend's father is qualified and would support us) *I bring this up in case there is an investment strategy you know of that is only accessible by accredited investors*
QUESTION: If you had the situation above, how would you most quickly reach the $10,000/mth passive income? Managed rentals? Private money lending? What other strategies do you know of? Keep in mind we work 40 hrs per week each so passive is key! THANK YOU!
Best,
Balane :)