Today I would like to clarify a few points regarding the term "passive income". There is probably no financially successful person in the world who would not preach the mantra of protecting your financial future by having multiple streams of regular income. Relying on your job alone is a risky endeavor. You are dependent on your … Continue reading What is passive income?
There are plenty of different ways to calculate your targets and goals. You can estimate total revenues, spendings, monthly targets, annual targets... but my favorite model at the moment is TTRM, which stands for: "The Time Replacement Model". The idea is pretty simple. If you are overall happy with your current lifestyle and earnings, the … Continue reading The Time Replacement Model (TTRM)