226: You Need Multiple Income Streams, Real Estate & Land Use Facts

#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

Axios: Americans Less Mobile

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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