If you have assets like land, houses, cars, gold, etc. you can sell these assets to invest money in profitable markets and generate passive income. Well, you can surely earn passive income through your assets if you utilize them, for instance, you can generate passive income by renting your land or house, however, renting might not always work. For instance, if your land or house is not in the right location, there will be no renters. IN a situation like this, you can sell your land/house and invest in commercial properties or stock markets. Would you sell your assets to invest in a profitable market in order to generate passive income? Do you think this is safe to do?
Selling Assets to Build Passive Income
- Thread starter nomad
- Start date
Though this is a good way to get capital when it comes to starting up something or an investment that can generate passive income, but personally I have never really been a fan of selling things. This should be a very last resort. If you have a car, instead of selling, you could be renting it out to generate passive income. You could also use it for advertising.
There are assets that can generate passive income without selling them such as renting out flats if one has them.
Having to sell assets to build passive income is something I won't love to do, especially if the asset is landed properties. That's passive income source on its own.
I would hesitate to sell my assets to earn passive income. If I own a house, I would prefer to earn rental income instead of selling the house.
