What should someone who wants to enjoy an early retirement do to ensure their success? This is how much I need per month in passive income to cover my living expenses, save 40% of my passive income to reinvest and account for 25% taxes. It could be through dividends, rent, other passive income or an occasional gig. Investing in things like real estate or long-term investments that will turn into liquid assets over time is an easy way to ensure an early retirement. proponents: Most have a side hustle, whether it’s a second gig or a stream of passive income.

Source: Forbes August 17, 2020 17:03 UTC