Business For Passive Income

We often talked about having a lot of money and then retire that is FIRE. And that financial freedom helps you to generate that passive income. But not all of us can generate that much money using our 9 to 5 job. This is because we have our expenses and if we save we will save little only. And that will not help us to achieve the financial freedom. There are extreme cases where you get a lot of money which is different than the general masses.

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Now what's the next possible thing. This is to create a business. Now I know creating a business is not an easy task. But again we have to start somewhere and see how it goes. And I am not talking about big businesses. Small business if done proper can also helps you to give some extra amount. And there are a lot of business which people do start from there home. Like people create blogs, YouTube Channel, Instagram Page, Dropshipping business etc.

Now the business is great for the people who wants ti retire early because when you have some money which you can keep it for growing and the money which you will get from business can be used for your day to day expenses. I know you cannot built a business in a day and it will take time may be 5 years or even 15 years. But still you have to start somewhere. For example, if you are trading which is nothing but business only. And get $50K and keep it in HBD, you will get around $7.5K per year. Which is around $625 per month. Now for a lot of people in the developing countries $625 per month is more than enough to survive.

So if you have generated $625 per month, you can actually retire from your job and keep the money which you have growing. This is just one aspect but there are other ways too in the business which can help people to earn enough. And that's why having a business is great to have even if it's small.

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