"Income investors love them and growth investors rarely expect them, but just what are dividends?"
I have blogged about how having passive income that equals our earned income over time will give us the option to work because we want to and not because we have to.
I have also blogged about why there is a higher purpose to having passive income in our lives.
Personally, I find all these reasons very persuasive and make working towards having a passive income stream in my life worthwhile.
Over the years, I have made contact with people who are not convinced. One example:
"I make so little money. Can't save much. Invest so little, what is the point?"
Aigoo... (I have been watching K-drama).
Actually, having passive income is also really a form of insurance.
It is an insurance against the possibility of an economic recession and a pay cut.
It is an insurance against the possibility of retrenchment.
It is an insurance against the possibility of disability which restricts us from active employment.
Insurance is important because bad things happen in life. Passive income is important and it is not just something that is nice to have.
Passive income is the best insurance to have in life because it is able to free up the most valuable resource we have in life and that is the resource of time.
Gradually, as our passive income grows from a stream to a river, our earned income could become something less critical.
Over time, our earned income could become something that is only nice to have.
1. Building an income portfolio.
2. Passive income: A higher purpose.
3. Do the right things and transform our lives.
4. Millionaire or not, plan for retirement.
5. Win $14,000 to $19,200 a year?
6. Matthew Seah on financial freedom.
"Is early retirement the right financial choice?" Jim Ellis discusses long-term financial growth strategies. I have blogged ab...
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