My basic expenses in life are
covered by passive income.
If I can have
that covered by passive income, then that's a large stride towards becoming financially free.
You cant really argue the success of long - term dividend growth investing when you see the dividend income rising over time and that my expenses sooner or later are all being
covered by this passive income.
What this implies is having reached a point in life where a large number of lifestyle expenses are
covered by passive income...
What this implies is having reached a point in life where a large number of lifestyle expenses are
covered by passive income and the individual needs only to exert minimally to cover the rest.
Financial independence for me means that I am not depending on a monthly paycheck and that my monthly expenses are
covered by passive income (in my case dividend income as I have not found any other investment possibilities so far).
I plan to keep adding these dividend growth stocks to grow my passive dividend income to a point where all my expenses are
covered by the passive income generated by them.
What this implies is having reached a point in life where a large number of lifestyle expenses are
covered by passive income...
You said it best, have sleep and fun Once expenses are
covered by passive income, we can be in that position, and till now, still a long way to go.
I plan to keep adding these dividend growth stocks to grow my passive dividend income to a point where all my expenses are
covered by passive income generated by them.
I plan to keep adding these dividend growth stocks to grow my passive dividend income to a point where all my expenses are
covered by passive income generated by them, although, my pace is going to moderate due to stock market getting over-valued, making it difficult to find good values.
Not exact matches
*
By age 50 chances are high both spouses can retire provided they have sufficient
passive income streams to
cover all expenses.
Our monthly expense is mostly
covered by our
passive and online
income.
But
by 2015, our
passive income could
cover 100 % of both of our expenses no problem.
Doing it this way keeps the monthly
passive income more realistic because I can instantly know which of my monthly expenses are
covered by this amount.
I plan to keep adding these dividend growth stocks to grow my
passive income to a point where all my expenses are
covered by the
income generated
by them.
I'd argue that when assessing financial independence, the percentage of an individual's regular yearly expenses that are
covered by their yearly
passive income stream is a much better indicator of progress.
Our free
passive income guides will
cover, step
by step, all you need to know.
I'd argue that when assessing financial independence, the percentage of an individual's regular yearly expenses that are
covered by their yearly
passive income stream is a much better indicator of progress.
I would want enough
passive income to
cover my expenses
by 5k.
With the safe bucket
covered and generating
passive, tax advantaged
income, they then have the freedom to entertain opportunities such as real estate, business start ups, private lending and other lucrative opportunities
by borrowing money at favorable rates, often from the mutual insurance companies general account using their policy cash value as collateral, or shopping the rate to other financial institutions to see who is most competitive.