How To Live Comfortably Without Work

Table of contents:

How To Live Comfortably Without Work
How To Live Comfortably Without Work

Video: How To Live Comfortably Without Work

Video: How To Live Comfortably Without Work
Video: Man Quits $80K Job to Work in Grocery Store Part Time - Minimalism 2024, May
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Living comfortably and not working at the same time is not the dream of most people! How do you want to forget about the constant work in the office or in production, but at the same time have enough money to travel or just do what you love.

How to live comfortably without work
How to live comfortably without work

Instructions

Step 1

It is really possible to live comfortably without work if you receive not active, but passive income. Usually people do some kind of work, as a result of which they are paid a salary - this is an active type of income. But if you receive funds not for work, but for the possession of property or savings, this is a passive source of income. By the way, passive income is recommended by all significant businessmen of our time, because it is they, and not active funds at all, that can help to earn really good money.

Step 2

Not only eminent businessmen, but also ordinary citizens can afford to have passive income. If you have an apartment that you do not live in and which you rent out, this is your source of passive income. And very good at the same time, because for it you can get an income comparable to the average salary in the region of residence. Of course, the level of rent depends on the size of the apartment and its general condition, but it is still an excellent source of income that allows you to receive additional funds without working.

Step 3

You can live on the savings made earlier if you put them at interest in the bank. With a sufficiently serious amount of savings, the accrued interest will add up to a fairly attractive amount that can be withdrawn from a bank card every month. In this case, the main amount of savings will still be in the bank account, so you will not lose anything. If the bank's rate is higher than the average annual inflation, then you can even make money on such an investment, since the growth of savings will be faster than the depreciation of money. In any case, the interest on the contribution can be a good increase in salary or even the main source of income.

Step 4

Another way to make money without spending whole days at the workplace is by investing. This method is very risky, but on the other hand, the profitability of winning in it is much higher than banks or rent. Investing means investing your money in other people's projects. You can invest in securities of third-party companies or in business projects. This is not to say that any of these areas are more profitable or more risky. Stocks can both rise in price and fall sharply, just as a business project can bring huge dividends, or it can end up in complete collapse.

Step 5

Investing in any area should be done very carefully. It is best to invest at first a relatively small amount for you, and then re-invest only those funds that you managed to gain from the project. Under favorable conditions, it will be possible to return the amount that you initially invested, as well as increase funds without losing anything.

Step 6

Of course, there is still an option to receive passive income from the creation of any work or invention. For example, writers receive a constant income from the sale of their books, and musicians - from the sale of discs. Inventors have the opportunity to patent their invention and receive a percentage from each product that is created using this patent. But these areas of passive income are not suitable for everyone. And, in addition, it is unlikely that creative people and scientists should stop their activities and live only on passive income.

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