Financial Independence - Grow Money Not Worry!

Financial Independence - Grow Money Not Worry!

Financial independence is the concept of not needing to rely on a salary from a job to finance your lifestyle. It means that you are able to live comfortably without the need for a steady income.
There are many ways you can achieve financial independence, but the most common way is through passive income. Passive income is money earned from an investment that requires little or no work on your part after it has been set up. The most common type of passive income comes from rental properties, which require very little work once they are rented out and the tenant pays their rent automatically each month.
The following is a non-exhaustive list of sources of passive income that potentially yield financial independence.
Bank fixed deposits and monthly income schemes Business ownership (if the business does not require active operation) Dividends from stocks, bonds and income trusts Interest earned from deposit accounts, money market accounts or loans Life annuity Notes, including stocks and bonds Oil leases Patent licensing Pensions Rental property Royalty from creative works, e.g. photographs, books, patents, music, etc. Trust deed (real estate) (Source : Wikipedia)
Another approach towards Financial Independence is via saving and investing. You can save money by cutting down on expenses, like eating out and shopping. You can also invest money, which means you put it in stocks or bonds or other places where it will grow over time.
Simple Living contributes a lot towards gaining Financial Independence over a period of time.
Here are some books which are good guides to work in this direction :
1.‘The Little Book of Common Sense Investing’ by John C. Bogle
  1. ‘A Random Walk Down Wall Street’ by Burton Malkiel
  2. ‘The Only Investment Guide You’ll Ever Need’ by Andrew Tobias
  3. ‘I Will Teach You to Be Rich’ by Ramit Sethi
  4. ‘The 4-Hour Workweek’ by Tim Ferriss
  5. Rich Dad Poor Dad by Robert T Kiyosaki
  6. Think and Grow Rich by Napolean Hill
Grow Money Not Worry!
ForexOverFlow is an international team of Forex analysts and traders. Our goal is to share our knowledge of the Forex World. Forex is as large as the wild Amazon Jungle. Common people can benefit from our website, which we update daily in terms of technical analysis and fundamental analysis. We publish strategies that are simple and yet lucrative for manual traders. We are able to offer Mql4 or Mql5 platform development services. Meta trader 4 or 5 based indicators and expert advisors are available for users. Our developers' charges are fair and realistic.ForexOverFlow is here to bring a revolution to the educational forex industry which will make the masses well informed and well educated by just dedicating a few minutes a day.

Discussion

default man
Explore
Reviewing London Capital Group (LCG): Unveiling Accounts, Fees, Platforms, and Safety

Reviewing London Capital Group...

When considering an online broker, delving into the dep...
Review of FxGrow: Trading Platforms, Instrument Variety Pros and Cons

Review of FxGrow: Trading Plat...

Immersing into the intricate tapestry of financial serv...
LegacyFX Review: Unveiling Features, Trading Options, and Platform Details

LegacyFX Review: Unveiling Fea...

Unveiling the intricacies of LegacyFX, a regulated brok...
SuperForex Review 2023: Trading Platform Insights, Account Types & More

SuperForex Review 2023: Tradin...

Discover SuperForex, your gateway to a world of online ...
Review of SimpleFX 2023: Trading Platforms, Instrument, Pros and Cons

Review of SimpleFX 2023: Tradi...

Engaging in the realm of online trading, SimpleFX emerg...
Rakuten Securities review: Regulation, Trading Platform, Trading Instruments, Pros and Cons

Rakuten Securities review: Reg...

Rakuten Securities emerges as an ASIC-regulated entity,...
Review of IFC Markets 2023: Trading Platforms, Instrument Variety Pros and Cons

Review of IFC Markets 2023: Tr...

IFC Markets, also known as the IFCM Group, operates as ...
Review of TriumphFX: Trader Ratings and Regulatory Cautions

Review of TriumphFX: Trader Ra...

Triumph FX, also known as TFXI, operates as a CFD broke...
World Forex Review 2023: Platforms, Assets, Features Explained, Pros and Cons Revealed

World Forex Review 2023: Platf...

World Forex stands as a versatile brokerage offering tr...
Amana Capital Review 2023: Platforms, Instruments, and Regulations

Amana Capital Review 2023: Pla...

Amana Capital Group stands as a globally recognized for...
;