LINDA ' S LETTER
A PandemicProof Portfolio , Now and Later
Hello , Readers ;
Photo by John De Cindis
Whew ... what a lifechanging six months it ' s been since the COVID19 pandemic began to dismantle our national economy and personal lives .
I ' m not sure how it is in your part of the globe as we reach investors in every state of the US , plus readers in 45 countries however , here in California , every aspect of our world has been affected by this dreadful virus .
It certainly has been an emotional rollercoaster the past six months . And while I surely miss " The Good ' Ol Days ", an era when we could connect inperson with our readership , this time of quarantine has ushered in a surprising and positive element : Growth .
By Linda Pliagas , Publisher / Editor
Copyright : rbhavana / 123RF Stock Photo
A Pandemic-Proof
Portfolio for You
" In fact , it is during this downtime that we ' ve experienced an upswing in numbers . So far , nearly 2,000 people have registered for our online weekend conferences ; investors in 40 states and 8 countries , so far ."
We ' ve already consecutively hosted from 200 to 350 investors live , and in realtime , at each one of our expos . Additionally , our experts have answered dozens of difficult real estate questions for our virtual guests .
Never before have investors been so painfully reminded of the importance of diversification .
The COVID19 virus has shuttered businesses and devastated finances . Now more than ever , having multiple streams of income should be the goal of every person .
It ' s time to take massive action to foolproof your family ' s income .
Whether it ' s taking on a parttime " side hustle " or writing a book or product that can provide residual income , investors need to expand and explore all options .
Let ' s review the numerous ways income can be generated . The Internal Revenue Service categorizes seven income streams :
1 . Dividend income from owned shares of stocks or mutual funds 2 . Earned income from a JOB " justoverbroke " method
3 . Passive income from rental real estate the obvious choice
4 . Royalties from selling the rights to written or invented works
5 . Capital gains from sales of appreciated assets
6 . Profits from businesses owned and / or controlled
7 . Interest from savings , CDs , bonds , or other privatelending activities
Be honest , how many income streams do you currently have ? What about your spouse ? Do you each individually have more than one source of income ?
Hopefully , each individual has a couple of sources of steady cash flow .
And now that you ' re part of our ambitious network , an immediate goal should be to secure additional money channels .
Proactively allow the flow of prosperity into your household by developing numerous income streams .
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