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Showing posts with the label passive income

Owning or subscribing to anything...

 I have been owning almost everything in this life. We are taught since young that owning the assets is the key to assurance in life. You pay the full ticket price of items that you think you need: your house, your car, that washing machine, the TV, that sofa, my watch, my smartphone, that shoe, that piece of clothing that you put on, etc. How do we service these payments? Probably through mortgage loans, car loans for big ticket items. Smaller or cheaper stuff maybe we pay in full or instalments.  Do we really need these material possessions? What if we are able to rent or lease these items?  If we subscribe, we might not need to create as much waste. We can easily travel to places, use the Washing Machine as a Service (laundromat), rent that phone with SIM for connectivity within that city, rent a bike or car to travel around, stay in that apartment accordingly to how long your job or you required, we share the 'resources' (TV, Washing Machine, Books, Transport, Clothes...

What's next after retirement?

I have been contemplating to quit my day job and in search of a less stressful job.  Many of us worked to pay off debts (which we should not accumulate) or struggle to make ends meet.  But have you ever wondered: What's next after you paid off that debt?  What's next after your kids grew up?  What's next after you accumulated enough retirement fund?  What's next when you reached retirement age?  My parents taught me that working is a way of life to bring up our kids and pay that car / house. Hard work will pay off.  I am not taught of investing for passive income. I am not taught that we can don't work if needed. Even with passive income, we always felt that we need to work cos that's the only way that we felt that we are useful to society.  Does society care for you?  How much is enough for you to stop work?  Is working the only way of life?  In most cases, when we don't work, we save a lot of unnecessary expenses. I bet you can ev...