Buy or start a business that generates $50k in owner earnings and you're solid.
Could be rental income like someone above said, or anything really.
Getting it from the stock market / REIT / other financial product is fine too but will probably take a bit more upfront investment.
I'd look at buying a low-maintenance software or internet business. They usually go for 3x-5x ARR and don't require a lot of upkeep or already have the infrastructure team in place.
You could probably find one for 300k - 500k that will throw off enough cash to hit your target.
In business it's best to go in to something you know or hire a great management team that knows better than you and pay them well.
Could be rental income like someone above said, or anything really.
Getting it from the stock market / REIT / other financial product is fine too but will probably take a bit more upfront investment.
I'd look at buying a low-maintenance software or internet business. They usually go for 3x-5x ARR and don't require a lot of upkeep or already have the infrastructure team in place.
You could probably find one for 300k - 500k that will throw off enough cash to hit your target.
In business it's best to go in to something you know or hire a great management team that knows better than you and pay them well.