1 – Have a regular income

2 – Live on 50% and save 50% for next steps

3 – Have an emergency fund of 6 months of basic living expenses

4 – Invest in safe passive income until this income pays for your basic living expenses: dividend stocks, time deposits, bonds, and high-yield savings accounts.

CONGRATS: YOU ARE FINANCIALLY FREE NOW

5 – Now you have a double income to invest and can jump into higher-risk investments and businesses because you don’t need your income to live anymore. How to distribute your 50% savings monthly:

5.1 – 10% Charity

5.2 – 30% Safe Passive Income

5.3 – 10% Risky fun investment: speculation trading, business of your friend, etc.

Every year, your income will be higher and your lifestyle will improve. Slow and steady wins the race!