Why having passive income is vital.
It is hard for me to admit but 90s children are wiser than what we perceive them to be. I work in a fintech company with twenty-something-year-olds who have investment portfolios that put mine (a buroti maguta maguta and an endowment policy with one of the local insurance companies) to shame.
In addition to their monthly salaries, they all earn passive income.
Some who are risk takers have invested in cryptocurrencies, and I’m not referring to meme coins like doge coins that trade for less than a dollar. I am talking about Bitcoins and Ethereum in their portfolios
It is hard for me to admit but 90s children are wiser than what we perceive them to be. I work in a fintech company with twenty-something-year-olds who have investment portfolios that put mine (a buroti maguta maguta and an endowment policy with one of the local insurance companies) to shame.
In addition to their monthly salaries, they all earn passive income.
Some who are risk takers have invested in cryptocurrencies, and I’m not referring to meme coins like doge coins that trade for less than a dollar. I am talking about Bitcoins and Ethereum in their portfolios
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Shell’s Former CEO Rakes in £10m Amid Record Profits, Sparking Outrage and Calls for Action
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The ones who are more risk averse have placed their money in treasury bills and money markets which give an annual return of 8% to 10% per annum.
I had almost no savings when I was in my twenties and, regrettably, I still live paycheck to paycheck today due to bad financial habits that I had developed. These people who were born in the 1990s now lead opulent lifestyles that we only saw in sitcoms like Beverly Hills 90210 when we were kids. However, the majority of them come from lower-class backgrounds
Cashflow will make you live wealthier than your net worth. That is, Ksh 20,000 a month in passive income will pay for your lifestyle.
Purchasing a piece of land may seem like a smart investment on paper, but, if not put into economical use, it will not put food on your table.
Next week, we’ll examine the several investment possibilities that don’t require you to break the bank.
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