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[kkckkc]

To become rich, I need to earn passive income to attain financial freedom. But after I have carefully calculated the required savings for generating enough passive income for financial freedom, I need to save more than a million dollars.

Supposed I may need $3000 for month for my daily life, and annual passive income for my savings investment is around 5%annually , so I need to have ($3000/0.05)*12 =$720000 savings to have $3000 passive income per month.

Total be more controversial, we need to have more than US 1000000 in savings

What do you think ?
thx!

 

[mildredtabitha]

To become rich, I need to earn passive income to attain financial freedom. But after I have carefully calculated the required savings for generating enough passive income for financial freedom, I need to save more than a million dollars.

Supposed I may need $3000 for month for my daily life, and annual passive income for my savings investment is around 5%annually , so I need to have ($3000/0.05)*12 =$720000 savings to have $3000 passive income per month.

Total be more controversial, we need to have more than US 1000000 in savings

What do you think ?
thx!

Which sites do you intend to invest to earn the passive income. I know it is possible to get passive income but I never knew it needed that much money. I feel you hav exaggerated.

 

[Medowriter]

Hmmmmmmm! This is kinda of huge amount to invest online. I doubt if I can invest this amount on an online business that I am going to be an investor to any company but if you have personal project that is promising online to embark on, then it a good one.

 

[tiada]

I won't invest online but I prefer to invest securities off line, but it's risky, have to do your own homework and play safely. No short cut, but only hardworking and do more researchs. Good luck!

 

[BMF]

What do you think ?

Right now I'm trying to build a YouTube channel that will generate passive income years to come. Everything is working good, a lot of work, making video reviews, editing, started earning $0,05 per day and now I see $1+ per day. I hope by the end of the year to see $5 per day each day. Will keep you guys updated!

 

[tiada]

Right now I'm trying to build a YouTube channel that will generate passive income years to come. Everything is working good, a lot of work, making video reviews, editing, started earning $0,05 per day and now I see $1+ per day. I hope by the end of the year to see $5 per day each day. Will keep you guys updated!
View attachment 3484

Great！ I love this idea, but it is not suit me as I am too shy to be in front of the camera. Looking forward to more videos to come!

 

[Micheal joe]

It will only be possible to earn passive income by investing in crypto currencies a lot ,by trading bitcoin and Altcoin,by blogging and vlogging ,by gambling and working to designing web etc can give you passive income :need lots of skills ,patient and hardwork ,thanx !!...

 

[cashonline]

if you can find good investments that you think can compound the interests then that would be a good start, if you wish to get some insights on how you can double your investments and be able to project how many years your initial investment can double then try to use the rule of 72 (you can read more details in investopedia here)

 

[tusziget]

To become rich, I need to earn passive income to attain financial freedom. But after I have carefully calculated the required savings for generating enough passive income for financial freedom, I need to save more than a million dollars.

Supposed I may need $3000 for month for my daily life, and annual passive income for my savings investment is around 5%annually , so I need to have ($3000/0.05)*12 =$720000 savings to have $3000 passive income per month.

Total be more controversial, we need to have more than US 1000000 in savings

What do you think ?
thx!

It is astonishing how you calculated everything,how to have passive income and financial freedom the same time.Everything is very fine and ok,but the question remains,from where to get the $750 000 or $1 000 000?Anyway it we want to turn around,the reality is,you have to work a lot to have passive income.

 

[Lovely]

To become rich, I need to earn passive income to attain financial freedom. But after I have carefully calculated the required savings for generating enough passive income for financial freedom, I need to save more than a million dollars.

Supposed I may need $3000 for month for my daily life, and annual passive income for my savings investment is around 5%annually , so I need to have ($3000/0.05)*12 =$720000 savings to have $3000 passive income per month.

Total be more controversial, we need to have more than US 1000000 in savings

What do you think ?
thx!

I wil prefer earn passively through working than investing online unless a mentor convinced me otherwise.I tried this investment last year and it was a total wise.So it becoming difficult for me to think investing for me than working.It a nice idea but one has to be careful.

 

[tusziget]

It will only be possible to earn passive income by investing in crypto currencies a lot ,by trading bitcoin and Altcoin,by blogging and vlogging ,by gambling and working to designing web etc can give you passive income :need lots of skills ,patient and hardwork ,thanx !!...

I think,you are absolutely right.Investing a huge amount of cash in cryptocurrencies,for example in Bitcoin,that could be considered a passive income.All you have to do,buy a bigger amount of Bitcoin,and keep in your wallet for years.His value may be multiplied throughout the years.Awesome!

 

[overcast]

I have learned that I need around 100$ per day to break even for the job and other skills. I think it may not be easy for me to achieve that target. But that's something I have in my focus. Hopefully i can reach this target. Currently doing the article writing and other projects too. So hoping that it works out for me. I don't think freeldom is going to be that easy with money issues. So one has to keep on adding income.

 

[tiada]

I have learned that I need around 100$ per day to break even for the job and other skills. I think it may not be easy for me to achieve that target. But that's something I have in my focus. Hopefully i can reach this target. Currently doing the article writing and other projects too. So hoping that it works out for me. I don't think freeldom is going to be that easy with money issues. So one has to keep on adding income.

$100 per days is a bit higher to me, I might not able to make this level of income currently.
Perhaps later if my investment can bring more profit soon.I am aiming to be a millionaire which is not really a dream and sky high target in the current world. :)

I will be there soon!Bless me!

 

[tusziget]

Hmmmmmmm! This is kinda of huge amount to invest online. I doubt if I can invest this amount on an online business that I am going to be an investor to any company but if you have personal project that is promising online to embark on, then it a good one.

Actually you are right.That would be a huge amount to invest,just to receive some interest on it.Well,the interest is a nice amount of money:$3 000.I think it would be too risky,to have that huge amount of cash in your bank account.Well,this is my opinion, there are many persons,who have millions in their bank account.

 

[tiada]

To become rich, I need to earn passive income to attain financial freedom. But after I have carefully calculated the required savings for generating enough passive income for financial freedom, I need to save more than a million dollars.

Supposed I may need $3000 for month for my daily life, and annual passive income for my savings investment is around 5%annually , so I need to have ($3000/0.05)*12 =$720000 savings to have $3000 passive income per month.

Total be more controversial, we need to have more than US 1000000 in savings

What do you think ?
thx!

To become rich, you may not only earn the passive income via saving investment as the rate of return is pretty low. You should accumulate your wealth via other channels like business venture rather than put in the bank.
Bank saving is just a fund parking option for the millionaire but not the destination of investment.

 

[tusziget]

I have learned that I need around 100$ per day to break even for the job and other skills. I think it may not be easy for me to achieve that target. But that's something I have in my focus. Hopefully i can reach this target. Currently doing the article writing and other projects too. So hoping that it works out for me. I don't think freeldom is going to be that easy with money issues. So one has to keep on adding income.

I think,that is not that easy to earn $100.At the start I was dreaming about earning couple of thousands of Dollars from online work,because I have seen many payment proofs about thousands of dollars actually from recruiters,who just wanted to get some (or more) direct referrals to their sites.Now I would be happy,to one day it would be possible to earn 1000 dollars per month.

 

[Yugocean]

Right now I'm trying to build a YouTube channel that will generate passive income years to come. Everything is working good, a lot of work, making video reviews, editing, started earning $0,05 per day and now I see $1+ per day. I hope by the end of the year to see $5 per day each day. Will keep you guys updated!
View attachment 3484

I too tried to built a channel, our organisation will soon come up with it, that is social working and more than an NGO. We are creating it for good income for the support, and this is a good way.

 

[overcast]

$100 per days is a bit higher to me, I might not able to make this level of income currently.Perhaps later if my investment can bring more profit soon.I am aiming to be a millionaire which is not really a dream and sky high target in the current world. :)
I will be there soon!Bless me!

I don't know what the world is going to be in ner future. But I am guessing that there is going to be up and down with the free sites. and in future we have to depend on our own. I think the financial freeedom is lot harder to come by. and tht is the part thaat many people don't understand. I think personally it may surely take time from what I have sene. but yeah investment and the savings are going to take anyone to that specific level for sure.

 

[VHINZ]

To become rich, I need to earn passive income to attain financial freedom. But after I have carefully calculated the required savings for generating enough passive income for financial freedom, I need to save more than a million dollars.

Supposed I may need $3000 for month for my daily life, and annual passive income for my savings investment is around 5%annually , so I need to have ($3000/0.05)*12 =$720000 savings to have $3000 passive income per month.

Total be more controversial, we need to have more than US 1000000 in savings

What do you think ?
thx!

Passive income can be attained by having businesses that produces you money constantly. It's not necessary so very big but at least it could give you stable income that doesn't require you to work anymore. Think first of establishing businesses and you could have passive income and big savings.

 

[overcast]

$100 per days is a bit higher to me, I might not able to make this level of income currently.
Perhaps later if my investment can bring more profit soon.I am aiming to be a millionaire which is not really a dream and sky high target in the current world. :)

I will be there soon!Bless me!

I think that's the number for next 5 years. In 10 years that number would go for the 500$ per day though. I guess it would be harder to see changing economy from that point onwards. another thing is that earning passive income is a bit harder these days. so on that note I'd say that passive income is a bit harder to understand. and another thing is that financia freedom takes a lot of hard work. you have to be really good at things for they to settle properly.