How to achieve financial independence in Singapore? (Part 2: Passive Income)
Passive Income Now, this is the more important aspect to achieving financial independence. With a lot of savings, if you don't put them to work and leave it in a bank, you are basically losing the fight against inflation, and your money is slowly eroding away. To build a good passive income stock portfolio, you firstly need to learn the basics of investing. That means taking the first steps to invest your money; opening a CDP account, setting yourself up with a stock broker, reading into all the stock market jargons and researching on prospective stock buys. The point is not to procrastinate and start taking the first few steps. Once you start, your learning journey will begin. You will make mistakes, learn from your mistakes and grow stronger each time. Eventually, you will grow into an above average investor who is capable of being right more often than wrong. Invest, Don't Gamble Okay, so you opened your trading account and started investing. The purpose of...
