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my parents should be recieving a much larger in come than ever before how
This is a discussion on my parents should be recieving a much larger in come than ever before how within the General Chat forums, part of the Main Category category; should they manage it smartly.? income is from ptroleum rolaties, folks are in thier 70's have 3 children in ...
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07-13-2008, 10:39 AM
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| Junior Member Join Date: Jul 2008
Posts: 1
| should they manage it smartly.? income is from ptroleum rolaties, folks are in thier 70's have 3 children in 40's |
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07-14-2008, 09:24 AM
| #2 |
| Junior Member Join Date: Jun 2008
Posts: 10
|  depends on how large. I mean, you can put money into annuities. Like say 100k, and get about 500 or so out of it per month. its not bad, but you cant live off of 500 a month. so, if you down 100k into a house you will make more. in my area, a 3 decker goes for 400k. if you put down 100k, you owe 300k. the 3 apartments take in a minimum of 3600 a month. thats what? over 43k. Compare that to just 6k a year on annuities. then, you slowly get better as you buy small businesses. Just put some up front but not all. that way if the business loses, they can always run away and still have money left. going to a financial advisor will only make you put your money into annuities and mutual funds and rare coin funds. coins go up and down fast. as of right now, they are slightly down, so see if you can find an expert. be cautious as alot of people dont know what they are doing. |
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