Yes, go back and reread the final paragraph. Active income is the most taxed of all sources of income.
Why keep concentrating all of your efforts on generating active revenue only to have Uncle Sam take such a significant chunk of it? The goal should be to earn and grow passive income until it equals or exceeds your active income, which we’ll talk about today.
We’re trained to work and to exchange our time for money.
For the next 40 years, even high-paid professionals like doctors and lawyers will be forced to trade their time for money.
They’ve only been trained to work, earn their AED 16,000 monthly paycheck, pay roughly 40% of it in taxes, and be left with AED 9,600 in earned income each month.
To be clear, you must make active revenue to invest in generating passive income. I’ve previously stated that this is the first place to focus your attention before attempting to create passive revenue.
Your goal should be to become proficient at what you do to save more money for the future.
Perhaps your objective is to work only 4 hours each week, but that sounds tedious. The goal is to save up enough money to invest and keep investing until your passive income equals or exceeds your active income.
Consider how you’d like to spend your free time. If you’ve ever yearned for more time with your children or to travel the world, passive income is the way to go.
You may already know that the stock market can provide you with passive income
But keep in mind that investing in the stock market will have ups and downs.
Hold on for the ride of your life!
A Perfect Investment Opportunity in Dubai
Casa Nostra is an award-winning and culturally diverse brokerage that brings together a team of multilingual and highly qualified real estate brokers. Casa Nostra utilizes extensive expertise in the local market and the internationalism of real estate. At Casa Nostra, we exercise a client centrode approach that helps us to deliver end-to-end property management and real estate solutions.
The company has massively expanded from its official inception in 2012 with a team of exceptionally talented real estate brokers and consultants. All the solutions rendered at Casa Nostra are formulated with a result-oriented perspective, while our competent brokers are always on the lookout for ideal property investment opportunities.
Buyers, Sellers, and Tenants can reach us anytime. Thank you for choosing Casa Nostra Real Estate!