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RE: My Quest for Creative Financial Freedom Pt. 3: Showing My Income Stats, and, Why I’m Putting 50% of Income Towards Debt & Savings BEFORE I’m Ready
To be comfortable in retirement, I want that passive income Kiyosaki talks about. I think it's a much more viable plan than things like trying to save up a bunch of money and live off the interest or save money and try to stretch it to make it last the rest of my life.
None of us are taught about money in school, but it's so important. The sooner we can start building our passive income, the faster we'll be able to retire.
If you want to hear more by Kiyosaki, there's a lot of videos of him speaking or being interviewed on Youtube. I think I've seen most of those and have gotten a lot of value out of them.
Passive income seems to be a trend for a lot of smart people especially in the silicon valley world. You can probably do a soft retirement a lot earlier with a passive income strategy than with a "save up and live off interest" strategy.
ya I'll check out some youtube stuff - that's a great format for me since it's bite sized.