Passive Cash Flow
As has been said here before, building up enough passive cash flow to cover your expenses is one of the best ways to really "free yourself" and be able to walk away from your job at any time. With that said, what types of investments would you be targeting to build up free cash flow? Bonds, real estate, maybe dividend yielding stocks? Everything seems to have significant drawbacks...yields are low on bonds, stocks are unreliable, real estate can be a pain to manage. Having royalty income would be nice but thats not just something you can go ahead and create. I've even heard people mention things like investing in timber trusts and other ideas off the beaten path. On one hand you need to get a decent cash return yet you need to be risk averse if you are relying on it for retirement or whatever.
What is the best way to go? How would you build a porfolio of cash flowing investments?