Making money without having to work is a dream for a lot of people, and if the lifestyle that you are after is quite modest it is possible. But it requires hard work first. There are a few ways to get a decent living without an ordinary job, some requires more than others. But the first step is to get rid of as many expenditures as possible. Also make a budget of how much you need every month to live the life you wish.
Once you have got rid of all your unnecessary costs and have settled for a monthly sum that you need to have each month you can start counting backwards on how much you need in savings to be able to live on the yield. Maybe you can have some income so that the yield off with so that you don’t need as much. Working part time is a good way to keep sanity and to keep a rhythm to your life. If you are skilled and disciplined maybe LeoVegas casino can help you on the way, see for yourself at this LeoVegas India casino review.
Living of the yield
There is an easy math behind how much you need to start out your life without ordinary work having to be done. Figure out how much you need for your expenditures, mind that if you have more time and don’t need to go to the office each day your commute costs are lower.
Monthly expenditures in rupees*12= yearly costs
Yearly costs/ expected yearly return in %= the amount you need to get started
Once you have your capital, or you might even be lucky enough to start living of a great winning from online casino captain India, all you have to do is to take care of that capital.
Expected yearly return
Before you can start dreaming of a free life you need to learn how the stock market works. The normal expected annual return is about 5%. If you are good at it you might get some more, but you can also loose it all if you are unfortunate or not careful. Spread your saving over several market groups and countries, that way you are minimizing your risks to the max.
How to save up enough cash
How to collect enough money depends on your life situation. Making investments in the things that you need, like buying a house that is in an area that is not attractive yet is a good start. You can also go for the most neglected house on a good street and do it up under the next couple of years. Hopefully, the market will work in your favour and you can sell with a profit in a few years. Working full hours and do a lot of more work on your spare time is a good start.
No one said it is easy, but it can be done if you have a goal set and do all you can to get there!
Chrissy Ryland - I'm a freelance writer and blogger from Northern California. I grew up loving all things entertainment and travel and now I am blessed with a career that lets me write about both of those topics along with many others. For inquiries about a story you think I might want to cover, please contact me at firstname.lastname@example.org