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

[–] NextMistake@midwest.social 2 points 1 year ago

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

[–] sugar_in_your_tea@sh.itjust.works 1 points 1 year 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).

[–] amir_s89@lemmy.ml 1 points 1 year ago (1 children)

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.works 1 points 1 year ago (1 children)

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.

[–] Kalmub@lemmy.world 1 points 1 year ago

Here is the link to the Canadian flow chart.

https://i.imgur.com/zlGnuDO.png