However, it wasn’t until the 2008-2009 financial crisis where I became obsessed with building passive income. Thus, I started focusing on generating passive income in 1999. There was no way I could last for more than five years working in a pressure cooker environment like Wall Street. I needed to generate more passive income to break free. Working in investment banking was wearing me out.
PASSIVE INCOME STOCKS FREE
Why I Focused On Building Passive IncomeĪfter about the 30 th day in a row of working 12+ hour days and eating rubber chicken dinners at our company’s free cafeteria, I decided I had enough. When it comes to achieving financial freedom, the hope is that we achieve it as soon as possible given our time is limited.
Unfortunately, they can’t generate passive income to live on until after you turn 59.5, in most cases. Maxing out your 401(k), IRA, and Roth IRA are great moves. However, the only way to generate useable passive income is by building a taxable investment portfolio, which includes investing in real estate, alternative investments, and more. Too many people fail to live their truth due to a lack of passive income. If you have enough passive income to cover your desired lifestyle, then you are free at last! You can say and do whatever you want. Passive income is the holy grail of personal finance. This post will highlight the best passive income investments in our current low interest rate environment. If you’re looking to achieve financial freedom before a traditional retirement age (60+), you must build passive income.