226: You Need Multiple Income Streams, Real Estate & Land Use Facts
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#226: You're at risk with only one income stream.
Federal government workers thought their income stream was "secure" until the recent shutdown.
Recently, my friend was uprooted when his employer handed their family a job transfer (move or be fired).
With only one income stream, you're beholden to one boss or one company's whims.
You need multiple, durable passive income streams.
America uses its land in surprising ways:
- 4% is urban land.
- 41% is pasture & range land.
- 20% is crop land.
- One company owns a timber stand nearly the size of West Virginia.
Surprisingly, America is becoming less mobile. Fewer people move homes annually. Effects discussed.
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Resources mentioned:
Bloomberg: How America Uses Its Land
2019 State Business Tax Climate
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ProducersWealth.com
Turnkey RE: NoradaRealEstate.com
QRP: TotalControlFinancial.com
Find Properties: GREturnkey.com
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