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Old 07-05-2018, 07:45 AM
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Default Benefits of passive income

Having passive income, especially if you have several streams of income source, is like having a team of virtual workers working for you. We have four streams of passive income source - dividends from shares, interest from bonds & FDs, rental income and interests from our CPF OA & SA.

You get to enjoy multiple "pay" days in a month and not just once a month from your job! Minimally, we would get four pay days in our "slowest" month comprising dividends, rental and our own salaries. The busiest pay-days for us are in May and August where companies gave out their final and interim dividends respectively. In those months, we could see money coming in "left, right and centre". Almost every three days we would get dividends credited into our account during those months.

When you reached FI, as we did 3 years ago, you practically save your whole annual salary. You will see your networth grow exponentially!

Spending money (passive income) that you dont have to personally sweat for it is one of the best feelings in the world.

With FI, working becomes optional. You can choose the kind of work you want to spend time on. Or you can continue your current work, as we did, and not stressed about competing for promotion or bonuses. Ironically, as we are now enjoying our work, we are performing better and getting better bonuses.

The list of benefits of passive incomes goes on..

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