Read this and quit your job in 6 months
Quit your job and become financially free. That’s the advice you’ll hear from most people, but it’s not that simple, is it? The fact of the matter is, it’s actually very difficult to quit your job and live a life of financial freedom on passive income alone. In this blog post, we’ll take a look at the pros and cons of being employed and quitting your job in order to achieve passive income. We’ll also provide some tips on what you can do to increase your chances of success!
1. What is passive income and how can it help you achieve financial freedom
Never heard of passive income before? Well, you are in for a treat: passive income is defined as earnings derived from a rental property, limited partnership or other “enterprise” in which a person is not actively involved. In other words, it’s money that you make without having to put in much effort!
“You must gain control over your money or the lack of it will forever control you.” — Dave Ramsey
Often real estate comes to mind, but there are also smaller (and easier to establish) passive income streams, such as investing in dividend…
