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Business Insider: 5 recession-proof ways to make passive income, according to financial planners Thumbnail

Business Insider: 5 recession-proof ways to make passive income, according to financial planners

1. Invest in self-storage If you have the cash available and you're looking to take on a new business venture, 􀀂nancial planner Tammy Trenta says it could be a good idea to look into investing in self-storage facilities. Since recessions might call for people to sell their homes, downsize, or temporarily move to new places, investing in self-storage facilities could not only be a good investment but also a good source of passive income. You can invest in self-storage facilities in many different ways, whether you want to buy your own facility or invest in specialist REITs (real estate investment trusts) that operate a large portfolio of self-storage facilities already.

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