Invest in assets that generate passive income from "summary" of Early Retirement Extreme by Jacob Lund Fisker
The key to achieving financial independence is to focus on building a portfolio of assets that generate passive income. These assets can include rental properties, dividend-paying stocks, bonds, or even a small business that runs without your active involvement. By investing in such assets, you can create a steady stream of income that requires minimal effort on your part. Passive income is money that you earn without having to actively work for it. This type of income is not tied to the number of hours you put in at a job, allowing you to enjoy more free time and flexibility in your life. By investing in assets that generate passive income, you can gradually reduce your reliance on traditional employment and move closer to early retirement. One of the ...
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