We all want to work less and still earn more money to pay our monthly bills. This is a dream everyone looks forward to as one inch closer to retiring age but the hard truth is your savings in the bank is the least asset to make that a reality. In this guide, I’d help you scale the hurdle using my personal investing experience.
Since the beginning of the year, I had deliberately tried and tested the idea of investing for a living just to see if it’s actually workable and from my discovery, this isn’t rocket science.
We live in a country where inflation is the biggest threat to savings and pension isn’t in any way considered reliable sources of income for retirees. The only way to stay afloat outside your 9-5 job is to build an investment portfolio you can start living off.
Here are few simple steps you can take to put yourself in a better position as Nigeria investor:
Estimate your annual expenses
How much do you spend on personal and/or family upkeep per month? This is a basic question you need to provide an answer to and it’s so funny that a lot of folks ignore this figure. Understanding your monthly expenses lets you plan your expected income so you’d know whether you need to do more or are already within your standard of living.Continue reading “How to Earn a Living Off your Investment”