[Unscripted]

lifetime passive income

early retirement and dream pursuit

tax relief

 

 

lifetime passive income

I need to save enough seed money from business income and the liquidation event because A large amount of money is essential to generate a significant monthly passive income to free me from work. 

In terms of compound interest, it has meaningful effects on my money portfolio when the seed money is big enough.

In conclusion, In addition to growing my business, I need to keep saving money purposely.

 

early retirement and dream pursuit

Rember that "doing what you hate" can beautifully lead to "doing what you love."

What would I be doing when the money is no more my concern? That's the fruit that I can enjoy by retiring early.

With that being said, many entrepreneurs would like to choose to keep providing value to the world as their hobby even after they have accomplished enough fortune.

 

(teeing off, validation, knitting book, constraint/strained

money's constrain

commercial viability

 

tax relief

Be prepared to pay tax whenever you profit from your business. It's over 40% of your profit when it is significant.

 

(oversight, tack on)

 

financial reconstruction: purposed saving

1. reframe

I need to change my perception of money to value-vouchers. Each dollar saved is another soldier to fight for my freedom. I can add more soldier to my army as I save money.

(drudging

 

2. reform

It is about temporary frugality. Remove any unnecessary expenses which are not conducive to my Un-scripted goal.

(preclude

 

3. reduce

Besides the business and living expenses, money should go toward repayments like paying down credit cards or reducing the principal on loans.

(pragmatism ,fanaticism,squat,holster,procreate,a round of drinks)

 

4. reallocate (remind)

Put all the surplus aside for saving after covering my business and living expenses. Even if I have a debt to repay, divert a few Wons away from it.

(makeshift counter, makeshift meter, clamp down, ramp up, frivolous)

 

5. reward

I can reward myself with treats for new accomplishments: a vacation, an expensive gadgets, any desire craved