If you want to quit your job ASAP and live off passive income, read this:
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50% of workers have one thing in common…
They DISLIKE the jobs they have
And not only are work conditions getting worse
People are working more and making less
Here’s your step-by-step escape plan…
They DISLIKE the jobs they have
And not only are work conditions getting worse
People are working more and making less
Here’s your step-by-step escape plan…
In recent times, living off dividends produced by your investments has become wildly popular
Why work when your investments can work for you, right?
However, most people think you need millions of dollars to pull this off
They’re WRONG
Which is great news for people like you!
Why work when your investments can work for you, right?
However, most people think you need millions of dollars to pull this off
They’re WRONG
Which is great news for people like you!
In more traditional cases, at a 3% dividend yield, you would need $2M invested to earn $60K/year
However, it takes most people a lifetime to save up that amount of money
Fortunately, we can have you retiring from your money on much less
Here’s the 3 step formula for doing so!
However, it takes most people a lifetime to save up that amount of money
Fortunately, we can have you retiring from your money on much less
Here’s the 3 step formula for doing so!
Step 1: Minimize your expenses
If you live off $60K/year, you would need $2M to retire
If you live off $40K/year you would need $1.3M to retire.
Investing $1,000 a month on 40K/year would take you 30 years to achieve
So, how do you save this money to reach this goal?
If you live off $60K/year, you would need $2M to retire
If you live off $40K/year you would need $1.3M to retire.
Investing $1,000 a month on 40K/year would take you 30 years to achieve
So, how do you save this money to reach this goal?
To save, focus on your big 3 expenses:
- Housing
- Transportation
- Food
These expenses make up 70% of most people’s budgets
As such they are excellent places for finding savings
However, saving alone won’t guarantee you’ll be retired in the short-term
Let’s move onto step #2
- Housing
- Transportation
- Food
These expenses make up 70% of most people’s budgets
As such they are excellent places for finding savings
However, saving alone won’t guarantee you’ll be retired in the short-term
Let’s move onto step #2
Step #2: Increase your income
Retiring with $1.3M would take 30 years to pull off
That’s too long to wait if you ask me
But, investing an extra $1,000 a month would cut that down to just 23 years
How do you make that extra cash? Here’s how…
Retiring with $1.3M would take 30 years to pull off
That’s too long to wait if you ask me
But, investing an extra $1,000 a month would cut that down to just 23 years
How do you make that extra cash? Here’s how…
To increase income:
- Freelance
- Work part-time
- Pull OT shifts
- Start a business
Aim to earn this extra income passively
Life isn’t all about work
But you will regain that time once you’re no longer shackled to a life of 9-5
Finally, step 3…
- Freelance
- Work part-time
- Pull OT shifts
- Start a business
Aim to earn this extra income passively
Life isn’t all about work
But you will regain that time once you’re no longer shackled to a life of 9-5
Finally, step 3…
Step 3: Automate
Set up a system with your brokerage to invest in dividend producing stocks
Ex/ Dividend ETFs, individual stocks etc.
Then, invest all your extra income and one day…
You’ll be handing in your two week’s notice and never looking back!
Set up a system with your brokerage to invest in dividend producing stocks
Ex/ Dividend ETFs, individual stocks etc.
Then, invest all your extra income and one day…
You’ll be handing in your two week’s notice and never looking back!
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I write a thread a week on:
• Financial management
• Building generational wealth
• Investing for success
Follow me for financial wisdom that will change your life forever:
@Adam_DelDuca
I write a thread a week on:
• Financial management
• Building generational wealth
• Investing for success
Follow me for financial wisdom that will change your life forever:
@Adam_DelDuca
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