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RE: The passive income crossover point and wealth preservation

in #life7 years ago

For those who are somewhat financially educated, passive income is the pinnacle to free ourselves from the mundane 9-5 job. However, all passive income requires tons and tons of active work and risk initially. Many people often just look in awe at Jeff Bezos, Warren Buffet, or Bill Gates without really thinking about the sacrifices they made. Whether we should accumulate capital and give up our current consumption really depends on the type of lifestyle we choose and the goals we have in our lives.

True wealth is health, happiness, and time.