Living on interest

[Yohanna]

living on interest is actually very good especially for people that have retired. You do not need to work hard again because you have done it when you were an active worker.

If you have created some passive income sources then you can earn money from interest.

 

[Chibson]

If you have created some passive income sources then you can earn money from interest.

Well, that's true. it will be mostly determined by your years of active work. Some people spend so many years to do that.

 

[Yohanna]

Well, that's true. it will be mostly determined by your years of active work. Some people spend so many years to do that.

You have a very good point and I think that is what must be followed in order to take advantage of this opportunity.

 

[Starmix]

Well, that's true. it will be mostly determined by your years of active work. Some people spend so many years to do that.

It is not the years of active work but the years you save. It will be very good if those years you never missed ti save at least 20 % of your total earnings. Let us always follow the 50-30-20 rule.

 

[Chibson]

It is not the years of active work but the years you save. It will be very good if those years you never missed ti save at least 20 % of your total earnings. Let us always follow the 50-30-20 rule.

Following the 50-30-20 rule is good. Before you can be able to generate passive income you must have some years of active work. That is what I mean.

 

[Starmix]

Following the 50-30-20 rule is good. Before you can be able to generate passive income you must have some years of active work. That is what I mean.

That's good to hear from you. We need to have an active in order to save. It's good to follow after the right investment to back up your salary that might not be enough especially this crucial time.

 

[flower]

That's good to hear from you. We need to have an active in order to save. It's good to follow after the right investment to back up your salary that might not be enough especially this crucial time.

When you are actively involved in whatever activities you engage in, it is going to be productive optimally.

 

[Starmix]

@flower yes you're so right the same way I'm doing at YSense, they keep on inviting me to go poll survey and how much is the pay? It's one cent hehe but I respect them for they respect me. I accumulated there now 97 cents lol.

 

[Chibson]

That's good to hear from you. We need to have an active in order to save. It's good to follow after the right investment to back up your salary that might not be enough especially this crucial time.

Definitely, it is not advisable for people they depend on their salary in this current time. This is because it may not be enough.

 

[Yohanna]

Definitely, it is not advisable for people they depend on their salary in this current time. This is because it may not be enough.

Looking for other ways to make money is also very critical in this time and age.

 

[Starmix]

Definitely, it is not advisable for people they depend on their salary in this current time. This is because it may not be enough.

That is true, no matter how big the salary is but the prices of commodities are bigger than the salary. We are now living in a crucial time. It seems forever sufferings of humanity.

 

[Chibson]

That is true, no matter how big the salary is but the prices of commodities are bigger than the salary. We are now living in a crucial time. It seems forever sufferings of humanity.

what I believe is that there is always a cycle. There are cycles where things will be very hard and there are times when it becomes better. I think that may be the case.

 

[Starmix]

what I believe is that there is always a cycle. There are cycles where things will be very hard and there are times when it becomes better. I think that may be the case.

Yes that the case and that's life. There are ups and downs, so hard to define yet we were able to surpass the odds that want to block our destiny and be happy again so that's how we have to face life to have something for futurity.

 

[Chibson]

Yes that the case and that's life. There are ups and downs, so hard to define yet we were able to surpass the odds that want to block our destiny and be happy again so that's how we have to face life to have something for futurity.

Yeah, what really matters most times is to be consistent and persistent in whatever we do to achieve happiness. It may not be easy but it is possible.

 

[Starmix]

Yeah, what really matters most times is to be consistent and persistent in whatever we do to achieve happiness. It may not be easy but it is possible.

It will be possible if we let it happen. And it is through our hard work that we can achieve what we want in the future to live broke or live in interest.

 

[Rubz]

I used to think that pension is the same thing as living on interest once one retires because some people's pension takes care of almost all their needs, but from what you explained. It seems totally different.

 

[Starmix]

When we mean living in interest it means you have big savings in a bank and during retirement, you won't anymore be problematic with money because the interest alone can support your daily needs.