tag:blogger.com,1999:blog-8345069859964317097.post7583465842570237018..comments2024-01-04T18:56:47.125+08:00Comments on Financial Freedom: All About IncomeUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8345069859964317097.post-55861600006613063762010-05-13T22:00:05.612+08:002010-05-13T22:00:05.612+08:00hi LP,
Thanks for that definition. Haven't r...hi LP,<br /><br />Thanks for that definition. Haven't really thought of it that way before.FFnoreply@blogger.comtag:blogger.com,1999:blog-8345069859964317097.post-26884114616442411582010-05-12T09:32:16.038+08:002010-05-12T09:32:16.038+08:00Hi,
I came across a nice article before.
http://...Hi,<br /><br />I came across a nice article before.<br /><br />http://wealthbuch.blogspot.com/2009/10/enlightenment-about-passive-income.html<br /><br />It's really nice. Not written by me.JWhttps://www.blogger.com/profile/04633191740991225888noreply@blogger.comtag:blogger.com,1999:blog-8345069859964317097.post-37996485649207283222010-05-12T07:33:16.849+08:002010-05-12T07:33:16.849+08:00Your investing that will determine how well you yo...Your investing that will determine how well you you can retire unless you are high earners who are low spenders then you can count on saving alone.<br /><br />Passive income is money received on a regular basis, with little effort required to maintain <br /><br />http://createwealth8888.blogspot.com/2010/04/saving-matters-but-investing-determines_21.html<br /><br /><br />http://createwealth8888.blogspot.com/2009/01/active-income-and-passive-income.htmlCreatewealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-8345069859964317097.post-1281634355619009872010-05-12T01:15:36.937+08:002010-05-12T01:15:36.937+08:00Hi FF,
Hmm, I don't like the definition of yo...Hi FF,<br /><br />Hmm, I don't like the definition of your passive income. To me, I think passive income means that you only have to spend a one time effort to secure it, thereafter, you do not have to be physically there to earn that income. That's how I see active or passive income - whether you need to be there physically to earn it. Not being there physically doesn't mean that you don't have to do any work. <br /><br />As for ABC, I think if he had to spend 35 yrs of his retirement by working for 35 yrs, he had to save 50% of his income. This implies that for every 1 month of salary he earns, he's also 'working' to earn him 1 month of salary after he retires.<br /><br />Since he's saving only 10%, that's going to be tough. He had to increase his savings during his working years, or decrease his expenditure during retirement years. <br /><br />740 per month in 20 yrs time is definitely not enough. It's around $410 per month, after taking into account inflation. Very tough living.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.com