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Passive Income
Is it possible to retire on a passive income?
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[QUOTE="Suba, post: 263439, member: 3658"] Retire means quitting an active job, be it an entrepreneur or working for a company. While passive income means you only need a little work, but if you run a business it means that it is an active activity and generates active income. You should prepare for retirement since you are 30 years old so you will be able to save for 30 years if you retire for 60 years. Passive income can meet your needs after you enter retirement such as you own property that can be rented out, invest in stocks and mutual funds etc. So is it possible for retirees to live on passive income, the answer depends on you, but in theory it is very possible. [/QUOTE]
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Is it possible to retire on a passive income?
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