If you are really interested I suggest reading some books on articles on this topic as I am not a real professional, haha.
What I do actually: I just close my eyes, try to relax, and concentrate on my breathing only. It is more a relaxation than a mediation maybe. Sometimes I keep thinking nice things which make warm and nice feelings, just to go away from my current state. At first it is very hard to forget the "chaos" in your head (I was always thinking about deadlines, bugs, appointmens, personal problems and stuff like this), but if you practice it will be easy.
Considering the interest rate is lower than the inflation, what would be some other items to invest $100k to generate some guaranteed income?
(except stock, where you could also lose money)
You make a pretty big assumption here: that anything you can invest in to earn money passively CAN be guaranteed. What you mean by "generate guaranteed income" is "to allow me to grow my investment". After all, investing $100k in a house that loses 10% of its value is worse than just keeping the $100k in dollar bills. In fact, if it is still worth $100k nominal down the line means you lost 2-3% per year on your investment. So after mortgage, property tax, maintenance, and everything else, your renters would have to cover about 7-9% of your home's value every year for you to make a 2-3% margin.
What I've found is that the reward is always proportional to the risk--otherwise people invest in it until it isn't proportional anymore.
Please investigate this for yourself, but personally, I take a two-way split-risk strategy to grow my investments:
- Very high risk, very high reward investments that I thoroughly research and believe extremely strongly in, using money I can afford to entirely lose.
- Very conservative investments in indexing ETFs that have rock-bottom annual fees and decent dividends.
