Would you believe then if someone told you their income is $150k pa without working. Well this is real for those with prudent lifestyle and disciplined savings & investment throughout their working life. We are currently deriving such passive income each year and we still work although working is now optional for us.

We are still earning good pay and saving all of it. You will know you are on to a good model when the passive income grows year on year and your networth also grows. We will monitor the situation for 2 more years to see if its robust enough as well as to build in more buffer to take care of sudden economic headwinds.

We have long savoured the benefits of passive income where you have more than one pay day per month and throughout the year. Gone were the days where after pay day each month, you can only long for the next pay day - next month. Now we have income coming in every now and then. The feeling is very different. Imagine you go to the ATM and make a withdrawal. Instead of seeing your savings amount go down, you see that the amount has gone up - from passive income that has been credited the day before.