How to use passive income to cover your monthly expenses

Mondo Finance Updated on 2024-02-09

After buying a house, I found out that there was a big hole. That is the property fee, here in Wuxi, the property fee of our community, more than 100 square meters of houses, now there is nearly 450 yuan per month of property fees.

In fact, there are already a lot of mortgages every month, which is particularly tricky, and the property fee is even worse. Then, yesterday I chatted with my friends, saying that it was really after the debt crisis came, and I was very distressed, so what should I do?

My friend mentioned passive income at this time. Then I was awakened in an instant. yes, how did I forget that.

Passive income is a word that sounds so exciting!

Specifically, it means that you don't need to actively invest time and effort to earn income consistently. Doesn't that sound like a magical magic of wealth?

However, passive income is not so far away. It can be obtained through investments, real estate, etc.

I also have my own self, I originally read a book and read a book "Rich Dad, Poor Dad" in which the author mentioned the concept of passive income, and then how to operate this property fee to be able to use passive income to solve this problem in reality?

For example, we can invest in ***

Of course, it's not that complicated, and it's very simple, it's just to invest a **or**, and use its annual rate of return to pay our property fees.

For example, the property fee is 450 yuan a month, and the year is 5400 yuan, if the annualized interest rate is 5%, we need to deposit 10 in our investment account80,000 yuan, it can be completed. This is the goal of passive income.

Of course, if you have a way to buy**or** invest, that. It is likely to reach an annualized rate of return of 8%, so you only need to deposit 6750,000 yuan would be fine.

So this looks very tempting, at the beginning of the new year, I finally set a small goal for myself to accumulate wealth, and find a source of passive income for my monthly property fees.

However, what we have to solve now is the problem of our own property fees, and some of our friends may also need to solve their own rent problems, and some need to solve their own food or monthly expenses.

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