Can I make money without working? I talked about implementation earlier Financial freedom , use the cash flow brought by assets to cover their own life needs, even if not working, they can live a good life. So what's the way to make money without going to work?
There is a book called "Money without Work", which tells the true story of ordinary office workers who realized their dream of financial freedom and began to travel around the world with their families just by investing in index funds for 10 years. So how did he achieve financial freedom through index funds in 10 years?
Three sources of passive income
1. Throttling
To save money is to save expenses. The first thing is to keep an account and write down your own expenses. Second: rent cheap apartments; Third: living expenses should be distinguished between wants and needs, and what they must spend to avoid meaningless consumption; Fourth: refuse credit card consumption and avoid buying things you don't need; Fifth: Stick a "life label" on consumption. For example, buying a cup of Starbucks requires 5 hours of life; Sixth: Find a partner with similar values.
2. Open source
First, work harder than others to get a raise. In addition, you can also find other passive sources of income.
3. Buying funds
Invest in the index fund regularly and hold it for a long time to obtain the dividend of the index fund, relying on the dividend of the index fund as a passive source of income. At the beginning, the dividends were very small. Gradually, the dividends began to offset a large amount of living expenses. Finally, the living expenses were all covered by the fund dividends, and financial freedom was achieved.
If you can make money without going to work, you need to persevere patiently. Patience is the best virtue of investors. If you want to make money without going to work, you should start from the small things in life. After the accumulation of time, you will see that the fund is powerful.
