Suppose you have $1M and on average you're making $80,000 a year in investments. However you are just leaving the investments and not cashing in anything. Even though you are making money, you are not showing any income. This makes it impossible to take out a loan, say a mortgage.
If I wanted to show my income, I would have to cash out all my investments at the end of the year, and show a capital gains of $80,000. This seems ridiculous.
Is there any easy way to show that I have a steady stream of income though investments only? Or is this impossible, since investments are no guarantee of steady income.
I could be maiking $80,000 each year for five years in a row, and not cash in anything, and I would be showing no income, so the banks would not lend me money.
I guess if I put all money into dividend yielding stocks, I could, but I don't want to do that. Any suggestions?
If I wanted to show my income, I would have to cash out all my investments at the end of the year, and show a capital gains of $80,000. This seems ridiculous.
Is there any easy way to show that I have a steady stream of income though investments only? Or is this impossible, since investments are no guarantee of steady income.
I could be maiking $80,000 each year for five years in a row, and not cash in anything, and I would be showing no income, so the banks would not lend me money.
I guess if I put all money into dividend yielding stocks, I could, but I don't want to do that. Any suggestions?