• Amir @lemmy.mlEnglish
    3·
    2 years ago

    Requesting someone kindly editing this infrographic for EU & Asia regions also. If there might be some details worth mentioning. Thank you.

    • sugar_in_your_tea@sh.itjust.worksMEnglish
      3·
      2 years ago

      And other regions. I know Canada has overall similar offerings, but they’re not exactly the same.

      What might be better is a glossary of tax advantaged accounts by region. I don’t know how to organize that here on Lemmy though.

  • Cantdance@lemmy.worldEnglish
    2·
    2 years ago

    Good stuff. Where in the flowchart would somebody looking to build passive income streams to cover their monthly expenses start to purchase those assets?

    • NextMistakeEnglish
      3·
      1 year ago

      I think that might go into the ‘Do you have more immediate goals?’ box.

    • sugar_in_your_tea@sh.itjust.worksMEnglish
      1·
      2 years ago

      Step 4. Basically, once you have your e-fund set, higher interest debts paid, etc, you then decide how you want to invest for retirement.

      Most people go for the 401k + IRA + brokerage account option and plan to use strategies like a Roth conversion ladder, but once you clear the basics, the world is your oyster for whatever passive income strategies you want to try (e.g. real estate, hard money lending, etc).