Passive Income
Passive income is an income you earn even when you are sleeping. For example: bank interests for deposits, dividends for investments.
Passive income can be an important part of your retirement plan. Imagine you have enough salary to live with and still have some leftovers to put into your bank deposits and investments. These leftovers give you passive income that yields extra money for you.
When passive income covers daily expenses, you can retire comfortably without lowering your current lifestyle.
Growing old can also mean increasing in medical expenses. It is like an old car needed to be maintained and repaired more often and more costly. Will it be a problem? Well, make sure your passive income on that day can cover your medical expenses, instead of only depending on your insurance coverage.
Imagine you are in your retirement age and suddenly you have to work again just to cover your daily and medical expenses. You might not be competitive enough in the job market, compared to the youngsters and fresh graduates who are still full of energy. They can do overtime more than you do and as a matter of fact, they are cheaper than you.
That is why you need to plan and manage your passive income now so that you can retire with comfort and without worry.
Passive income is an income you earn even when you are sleeping. For example: bank interests for deposits, dividends for investments.
Passive income can be an important part of your retirement plan. Imagine you have enough salary to live with and still have some leftovers to put into your bank deposits and investments. These leftovers give you passive income that yields extra money for you.
When passive income covers daily expenses, you can retire comfortably without lowering your current lifestyle.
Growing old can also mean increasing in medical expenses. It is like an old car needed to be maintained and repaired more often and more costly. Will it be a problem? Well, make sure your passive income on that day can cover your medical expenses, instead of only depending on your insurance coverage.
Imagine you are in your retirement age and suddenly you have to work again just to cover your daily and medical expenses. You might not be competitive enough in the job market, compared to the youngsters and fresh graduates who are still full of energy. They can do overtime more than you do and as a matter of fact, they are cheaper than you.
That is why you need to plan and manage your passive income now so that you can retire with comfort and without worry.
Put your future in good hands, your own ……………(Anonymous)
