Hold These 5 ‘Forever Assets’ To Make Money in Your Sleep — Something Buffett Says Is a Must

Core Insights - Warren Buffett emphasizes the importance of generating passive income for retirement planning, stating that without it, individuals may have to work indefinitely [1] - The article discusses various "forever assets" that can help individuals earn passive income and grow wealth [2] High-Yield Savings Accounts - High-yield savings accounts offer significantly higher interest rates compared to traditional savings accounts, with an average APY of about 0.42% versus 4.5% or greater [3] - Americans have lost at least $291 billion in interest since 2019 by keeping savings in major U.S. banks, highlighting the opportunity cost of not utilizing high-yield accounts [3] - Cash is being reconsidered as an investment asset class, with high-yield accounts providing FDIC protection and daily liquidity [4] Real Estate Investment - Real estate is identified as a classic investment vehicle that can provide passive income and appreciate in value [5] - The real estate market is described as an "inefficient market," allowing individual investors to capitalize on opportunities that larger funds may overlook [6]