But there is nothing
passive about their expense ratios which exceed 100 basis points.
Not exact matches
Also have 3 investment properties, where I generate
about $ 12,000 a year in
passive income (while leaving plenty for repairs and other
expenses).
I am absolutely crazy
about achieving absolute financial independence, which for me would require a
passive income of over $ 2000 / month to cover my living
expenses.
Though, the most important thing and key takeaway here is that you can build a
passive income that will cover all your
expenses and you will probably don't have to worry
about losing your job again.
Once I get a bit older and adapt to a more conservative approach then I can start worrying
about things like ensuring my
passive income can cover my
expenses — for now it's all being reinvested anyway.
Ideally, your investments provide a
passive income stream that covers your monthly
expenses, giving you the financial freedom to stop working full - time and focus on activities you're truly passionate
about.
I'm all
about passive investing to save money on the fees that not only a financial professional would charge to manage my money but also to save money on the fund
expenses too.
Though, the most important thing and key takeaway here is that you can build a
passive income that will cover all your
expenses and you will probably don't have to worry
about losing your job again.
In order to own my time and have enough
passive income to cover my
expenses, I could have inherited from an obscure uncle I didn't know
about, but... it didn't happen.
I want to own securities of Blue chip Aristocrats (companies with 25 + yrs of growing earnings) and once the earned
passive dividend income covers all my
expenses, I will own my time as well like a free bird Think
about it: you can travel around world exploring beautiful exotic culture or even explore blue lagoons and white beaches, play golf or simply relax and have a power to make a difference in someone's life and do charities.
What
about annual management
expenses of active vs
passive funds?
The mandatory financial disclosure requires both spouses to produce information
about: individual and marital assets and individual and marital debts; income, such as income from wages, self - employment, and
passive investments, and
expenses.
We talk
about the specific steps we took to build our
passive income to exceed our
expenses therefore being able to «escape the rat race» in real life and no longer need a traditional «job».