How to earn a passive income #1

Passive income is an income you earned without working eight hours a day.

The rich always search for passive incomes, the poor they don’t know what that is, even if they do know, they don’t really care.

Let’s assume that you only work one job, at the age of 25 (I started work when I was 18) and you could only save $500/month. After 30 years, you will have more than $500,000.

$500,000 in the bank even at the rate of 6% per annum, you could be earning $30,000 per year nicely. At this stage you can decide to retire or keep working, from this time on, working is a pleasure, not pressure.

At the age of 55, not many people could retire. I have a friend 68 years old, still works more than 12 hours a day.

Some people might argue that I am too young to worry about financial freedom right now. If you wait until you are old, you will be more worry.

What if you don’t have $500/month to save. Well, there are plenty of ways to earn more money, without working 8 hours a day.

In the next coming articles, I will show you one strategy at a time. So be patient for now.

Disclaimer: I am not a financial adviser. Do your own research.