13 Best Income-Producing Assets To Build Your Wealth

The best way to get your money working for you is to buy income-producing assets, and these assets will continue to create money even while you sleep.

Income-producing assets are those assets that can generate income. We are talking about a business, stocks, or real estate, and these are all places you can invest your money to create more income. 

What Are Income-Producing Assets?

There are so many assets people can go out and buy. Here is a list of some of the best income-producing assets you can buy today. 

Best Income-Producing Assets

1. Dividend-Paying Stocks

You cannot go wrong with buying dividend-paying stocks. A dividend is a share of the profit from the company, and the company usually will pay dividends quarterly to its shareholders.

2. Index Funds

An index fund is a type of passive mutual fund that tracks a particular index. VTSAX is a great index fund. This index fund tracks the entire U.S. market. 

3. Rental Properties

This one is what a lot of people enjoy doing. You can easily create a bit of real estate empire that brings you enough money to replace your job.

REITs are for those people that like the idea of real estate and like cash flow as well. A REIT is a Real Estate Investment Trust. It is a big company that buys a bunch of properties and rents them out.

4. REITs

5. Short-Term Rentals

You can rent these out if you have a house, a spare bedroom, or even a garage apartment. Airbnb is a big company that was able to make share rooms a great business.

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