> Whether or not money can buy happiness, it can buy freedom, and that’s a big deal.
For me freedom was more important than absolute wealth. I found that freedom need not be very expensive. The idea is to convert your savings into income overtime. First become a software development consultant, then keep building your reputation and rates consequently by delivering results. Then invest your savings in income generating assets.
There are a few things I experimented with that yielded some results:
a) Buy economical/smaller commercial real estate and rent it out to companies
b) Lend money on interest to people you trust. Initially give them small amounts and depending on their ability to consistently pay interest, you may lend them more money on some kind of securities (their real estate properties etc).
c) Research annuities and invest in various annuities. I am yet to explore this option fully.
Overall I am happy with my progress so far, that afforded me to take a year off in India (living relatively well in a 4000 sq.ft villa).
For me freedom was more important than absolute wealth. I found that freedom need not be very expensive. The idea is to convert your savings into income overtime. First become a software development consultant, then keep building your reputation and rates consequently by delivering results. Then invest your savings in income generating assets.
There are a few things I experimented with that yielded some results:
a) Buy economical/smaller commercial real estate and rent it out to companies
b) Lend money on interest to people you trust. Initially give them small amounts and depending on their ability to consistently pay interest, you may lend them more money on some kind of securities (their real estate properties etc).
c) Research annuities and invest in various annuities. I am yet to explore this option fully.
Overall I am happy with my progress so far, that afforded me to take a year off in India (living relatively well in a 4000 sq.ft villa).