Each of us dreams of a free state of our financial situation. This is the so-called financial freedom or independence. There are several types of financial freedom. First, a person has a certain amount of money. This amount may be enough for him for the rest of his life. The second option is that a person simply does not need funds. The second option seems utopian today. The first requires clarification. You can get a large amount of money at a time. At the same time, there is a fear of depletion of the money supply in case of unforeseen circumstances. It is worth paying attention to the search for permanent passive income.
Instructions
Step 1
First you need to determine the amount of money required for complete freedom. This is already half of the dream. The second part is the ability to earn them in a completely legal way. In this version, a person will not be burdened by numerous additional searches for a profitable place, etc.
Step 2
Getting a large amount of money at once is difficult enough. It is worth considering looking for a permanent income. There may be several options. The main condition and characteristic of such a source of funds is its constancy and the possibility of receiving more money in comparison with the primary amount of income.
Step 3
As reliable options, you can consider income from the rental of real estate and buying it at a low cost, subsequent reconstruction and sale of real estate at a higher price. In this case, the income can be considered as conditionally passive. True, this method of generating income requires initial capital.
Step 4
Stocks, bonds and other financial documents generate a constant income. The amount of such income can be quite large. At the same time, there is a risk of money being deposited in them, since the value of financial securities is rather unstable. For a permanent and reliable income, it is easier to use deposits in precious stones, metals, etc.
