Its been a long while I am thinking of writing some thing on my blog...
I have observed that once in every 3 months my interest towards work falls to zero for at least one week.. and i made it a point to take break for one day without doin any thing planned and try to get back the tempo ..
today is one such day and am writing sth here...
life is becoming a bit routine with same schedule and no leisure/entertainment..started reading Retire Young Retire Rich by Robert Kiyosaki and trying to start thinking planning in that lines..
he says ..if your passive income is enough to support your life style you are financially free...what a beautiful state it is..you need not work for money ..you have all the time pursuing your interests and still maintaining the same life style you were having with your salary...
In the indian context what are the options available to get passive income?....
1)buy residential flats/plots and let out on rent
: to get 20K per month 6000K needs to be invested
2)Buy dividend paying stocks:
need skill to identif and patience to hold stocks
3)Invest in monthly income schemes :
don't have much information on this...
but all of these takes time and needs lot of commitment ..planning and persistence....
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