15 Oct '15, 2am

The Allure And Alternative Path To Passive Income – Part 2 of 2: I guess some of you have figured out for…

I guess some of you have figured out for yourselves what’s the alternative path for adopting a passive income strategy really is. Wink. I wanted to say “most of you”, but who am I kidding? Coming down the mountain Yup, your favourite shepherds who have already reached their X amounts by Y years, and where working full time is just an option, they didn’t start with a passive income strategy from day 1, did they? That comes much later. Their passive income strategy only starts when they were coming down the mountain. Climbing up the mountain So what were the common strategies they have used to reach the mountain top? Let me list the 2 most frequent ones: 1) Earn more; save more (preferably earn more) Let’s face the facts. It’s better to earn $10K and save 20% than to earn $3K and save 50%. It does not matter whether you work for someone or is self-employed, if you belong to ...

Full article: http://thefinance.sg/2015/10/15/the-allure-and-alternativ...

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