Make Your Millionaire Friends Look Broke with These 7% Yields

My friend is a young 41-year old millionaire. And the poor guy is basically broke! Meanwhile there’s a conservative yet savvy grandma in the Midwest raking in more monthly income than my boy, on a modest $387,000 in savings. What’s her secret? We’ll get to that in a minute. First, let’s lament my man’s millionaire curse. His stash of cash does him no good, other than giving him something to worry about. His million-dollar problem? He doesn’t know how to turn his green pile into a steady, sustainable income stream. And since he believes in efficient markets, he has no interest in exploring investments that could pay him 7% or 8% annually – providing him with $75,000+ in yearly income while leaving his capital intact (or better than intact) to boot.… Read more