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Old 09-10-07, 09:20 PM
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MDZ MDZ is offline
The Bean Counter
 
Join Date: Nov 2005
Posts: 503
This is a really good point that most people don't realize or think about. One of the greatest ways to build wealth is to allow it to feed off one another. A bigger example is owning a building, and then renting it out to other companies that you own.

I like how you talked about what you are doing, becuase it is totally different from what I am doing.

I work with a group that invests in property that is in a good area, but is run down and in need of repair. We then work on getting financing for the deal, and then manage the work while it is being done. Some of this work we are able to take care of businesses owned by ourselves, so this is how we are able to "feed" one venture off of another.

My plan is to continue working in real estate, which will be my long term passive income. For the short term, I work on managing smaller ventures that are less passive, but still make very good income for the time put in.
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