Sunday, April 3, 2011

Finally achieved a passive income of $2000

It has been one and a half year since I have taken my first step in the journey towards finance freedom. And finally I have reached another milestone as my passive income has amounted to $2000 this month.



I have done a projection on the growth of my passive income as shown below. This is based on the assumption that I continue to invest $30k per year on shares that give me a dividend of 5%.



The projection is quite in line with my next 20 years goal. If nothing goes wrong in the next 5 years, I should be able to achieve a passive income that covers 80% of my expenses. And next 10 years, a passive income that covers 100% of my expenses.

5 comments:

OT83 said...

any advise how to achive such huge amount of passive income? what method did you use besides dividend from singtel and cambridge

Freedom Achiever said...

Hi OT83,

Room rental.

Regards,
Freedom Achiever

Singapore Man Of Leisure said...

Monetise our property for free cash flow.

Cool!

OT83 said...

room rental is cool. but need to have room for rental which i do not have.

i am happy for you that you are closer to your target. All the best!

Freedom Achiever said...

Hi OT83,

Thank for your encouragement!!!

Regards
Freedom Achiever

Have you started your journey towards financial freedom?

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