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.

Have you started your journey towards financial freedom?