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发帖数: 1 | 1 I crave for passive income. Its definition tells the reason why I
love passive income so much. According to Wikipedia,
Passive income is an income received on a regular basis, with little
effort required to maintain it.
What I like about passive income is that it provides me the
flexibility that I am dying for. With passive income, I am no longer
constrained by the clock-in/clock-out or bound to the day work from 9
to 5. I can really enjoy my life by pursuing the things that I love
most, spend more time with my kids and enjoy the little moments along
the road of their growing up, and contribute more time to my church.
Recently my desire for passive income becomes much stronger. My son
will go to kindergarten this August. Since both my husband and I work
full time, we have to apply for after-school program for him. Frankly
speaking, I don’t like the after-school program idea because in the
program the kids from all grades gather in one big room and spend the
whole afternoon together. It is good for the kids to interact with
each other and make friends; however, I do hope that I have the
afternoon time to accompany my son and help him to develop his
hobbies.
Thus, I am yearning for passive income, because it offers the
flexibility to cope with my kids’ needs, and at the same time, it also
provides an income flow to meet our daily expenses and maintain our
family living standard even after I work part time or quit my job.
My goal is to cultivate and maintain a passive income flow, then even
after I quit my day job, we can still at least keep the same living
standard. In my plan, I’ll get my passive income from three channels
— dividend income and capital gain, rental income, and some online
income as a natural flow along the way. I won’t specifically track
and trace our monthly expenses, but I’ll use my day job salary as a
benchmark. Here is my plan:-
When my monthly passive income stabilizes at $1500, I’ll work part
time, so I have the afternoons to spend with my kids; I plan to
achieve this goal within 3 years.
When my monthly passive income stabilizes at $3000, I’ll quit my day
job. I plan to achieve this goal within 5 years.
With these goals in mind, I feel more motivated to keep on track. In
this blog, I’ll document my progress of pursuing passive income
through dividend income and capital gain. |
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