Two Important Concepts In Life
There are 2 important concepts in life:
First is to live freely.
Second is to leave freely.
In life there are uncertainties in business and in career. So we need to build streams of passive income. So that when business slows down, there will still be streams of income coming in to sustain our daily needs.
=> This stream of income can be built using bonds, REITs and unit trusts.
This is an example of a bond portfolio: myasiaprivatebank.blogspot.sg/2016/12/bond-portfolio-leverage-ytm-at-897.html?m=0
=> So we can live freely.
In life we do not know when we will leave this world. But we must always be prepared. So if we leave this world, our family's financial will still be well taken care of.
=> This can be solved using insurance.
=> So we can leave freely. But hopefully not so soon.
First is to live freely.
Second is to leave freely.
In life there are uncertainties in business and in career. So we need to build streams of passive income. So that when business slows down, there will still be streams of income coming in to sustain our daily needs.
=> This stream of income can be built using bonds, REITs and unit trusts.
This is an example of a bond portfolio: myasiaprivatebank.blogspot.sg/2016/12/bond-portfolio-leverage-ytm-at-897.html?m=0
=> So we can live freely.
In life we do not know when we will leave this world. But we must always be prepared. So if we leave this world, our family's financial will still be well taken care of.
=> This can be solved using insurance.
=> So we can leave freely. But hopefully not so soon.
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