My good friends over at Daily Trade Alert asked me to put together a multi-part series on how I retired at such an early age on a fairly modest day-job salary. So I pulled back the curtain on my entire journey, discussing the ups and downs, the saving, the investing, the hard work, and the rewards. I hope it leaves you with lasting inspiration.
This is the third article. I’m including a snippet, and then you’ll see the jump to the article. Enjoy!
So I revealed in the last article how I was able to save such a high percentage of my net income.
But saving is just one piece of the “blueprint” to early retirement. An important piece, no doubt, but not the whole picture.
As someone who was aiming to achieve early retirement at a very young age, it was imperative for me to use the money I saved to build a passive income stream that would exceed my expenses and outpace inflation.
Exceeding expenses is obvious.
Outpacing inflation is less so, but still important. $1 today will very likely be worth much less in the future.
So I needed to find a source of income that isn’t just passive (so that I can enjoy life), but one that’s growing so that my purchasing power is increasing at least in line with inflation, but preferably in excess of.
But where could that kind of income stream come from?
I’ll tell you in a moment.
Image courtesy of: 9comeback at FreeDigitalPhotos.net.