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Judul : How to be Living on Interest via Mutual FundsLink : How to be Living on Interest via Mutual Funds
We know that money works through compounding interest. It is one of the secrets of the wealthy: making money work for them. Money is the best employee because:
- Money does not get sick
- It does not sleep
- It works 24/7
- It does not go into vacation leaves
and that is why it is important to let money work for us. The only challenge is to accumulate money. We need the discipline to set aside and invest our money.
Related Content: Rule Of 72: Understanding The Secret Of The Wealthy
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| Do you want to live a relaxing retirement? |
Annual Income x 10 = Retirement Goal
Assuming average lifestyle today is 20,000 per month, then retirement goal should be:
20,000 x 12 months x 10 = 2,400,000 ~ 3M retirement goal
To be living on interest, we invest our 3 Million in an investment vehicle like a mutual fund that earns around 10% interest per year. So:
3,000,000 x 10% = 300,000 gain as interest
300,000 / 12 months = 25,000 per month living on interest
The 3 Million is intact, but you earn 25,000 per month. Money working for you. So even without working, your money is working for you and that is what we call financial freedom.
However, this computation is based on an ideal scenario. Let's blow this up by using actual data from mutual fund performance and let us include inflation in the scenario:
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How to be Living on Interest via Mutual Funds
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