AskWould it be possible to become financially independent (preferrably after 5 years) by just relying on passive income such as stock investment and UTIF’s without having a certain business of your own?
Tags: business, financial freedom, passive income
2 Responses to “Financial Indepedence”
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In my opinion, I would say it’s unrealistic. Paper assets rarely give consistent passive income so high it’s enough to live with.
Others should correct me if I’m wrong, but I believe the best ways to be financially independent and live with “pure” passive income is to own a business, earn from real estate rentals and getting royalties from “inventions” (i.e. a book you wrote, a song you composed, etc.)
@abby
The answer to that question is a big NO
Relying on your Paper assets as a sole means of passive incomes cannot assure your financial independence.
WHY? because this kinds of assets gives incomes on an annual basis and this kind of asset is very liquid (tumataas-bumababa< at minsan naglalaho hehehe)
To attain financial independence is really based on your discpline in handling your financial assets.
Ika nga ng isang BLOG writer na itago natin sa pangalang Fitz villafuerte i hope kilala mo siya
"Its not important how much your salary or you earn, whats important is your way of saving and investing what you got"
Kahit pa ang salary mo eh minimum lang pero may discipline ka, control your expenses you will surely save money.
EH kung malaki nga sweldo mo, pero your living liestyle is above your daily income eh yari ka, mangarap ka nalng hehehehe
Basta what i can say is have a dicipline in saving and investing.