Living On An Income

How to live on income today? This is the question that a little everyone is asking in an economy where work begins to be increasingly enslaved and far from the rights of workers for which centuries-old battles have been fought.

We at Money Beng will tell you how to live on income in Italy thanks to investments that are still rediscovered today to stop working and really work.

Living on income, how much is it needed?

First of all, to answer this question we must analyze the type of investment and your lifestyle, because there are people who can only need 1000 euros a month to live and others who need at least 5000.

It is clear that the more income you want at the end of the month, the higher the amount of investment you will have to make to get it, this without counting that any investment involves risks to consider.

However, there are investments that are safer than others, among these we remember those called safe haven assets in the economy, these are the assets in which investing money is never too risky.

To live on an income it is therefore clear that it is not enough to keep the money in your bank account, that between bank charges and inflation you risk eroding your capital.

Below we see some ideas for investing and having a fixed income to live.

Buy government bonds and stocks

Precisely for this reason we were thinking of buying government bonds to make a living on income.

Suppose you have 1 million euros in the bank, if you buy government bonds with an annual yield of 2% you would have practically 20,000 euros a year of return without working.

By investing in the shares of private companies, the return could even be much greater depending on the growth of the companies in which you invest, but the risk is greater.

The yield of government bonds is generally fixed, you can buy them at 5 years, at 10 years or at 30 years, at the end of which you will get the refund of your money at 100% but without any addition, in fact the gain derives from a paid coupon every six months which may vary in percentage based on the period in which the securities are purchased.

How to make a living with rents

If, on the other hand, you don’t really want to take risks, or maybe you want to actively participate in your investment without banks and finance dictating the law on your money, then real estate investment is definitely the best choice.

Here, too, the more money you have, the easier it is to get a higher and higher income.

For example, if you invest 1 million euros, you can buy a building and rent the apartments, even reaching a monthly income of 5,000 euros per month in the case of an area with a high demand for rents.

In Italy, the issue of rents is very serious, the demand is always higher while the supply is low, at this moment it could really be a winning idea to live on an income.

If you have 100,000 euros available, it is clear that you could only buy an apartment, but if well located it could earn you 500 euros a month or even more if you spend a few thousand euros on the renovation.

Buy business already started

Another way to make a living on an income is to buy businesses that have already started, in this way you can get a monthly income without having to start from scratch.

Furthermore, if you pay a manager to carry out all the work for you that is necessary for the development of the acquired activities, the only thing you should do is put some signature.

In short, buying existing businesses has dual advantages. Starting from the sales history, you will already know how much you will be able to get out of it each month. Furthermore, they are almost always already well-structured businesses that can continue without the problems that usually occur when it first opens.

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Living on an income with online trading

There are many skeptics about it, and yet there are really many people who manage to carve out a good slice of profits thanks to online trading and manage to earn from home without working as many of you dream.

Online trading is a risky business, and you need to be an expert to extricate yourself in this world by being able to compete with the biggest in the industry.

If you can’t afford to invest don’t start, on the contrary if you have experience or have an unused savings fund it might be a good idea to understand more.

Brokers offer demo applications to try out this investment system, which means that you can start trading with a demo account and virtual money, and as soon as you become familiar you can start with real money.

Online trading today represents a full-fledged job for many people, taxed by the state and regulated by laws.

The secret to making a living, creating a business

We can talk to you about any form of investment, but the real secret to living on an income is to stop trading your time for money, to live on an income you have to stop working and make the money work for you.

This is possible by paying people to do the work for you and willing to trade their time for money.

You have to dedicate your time to study, to analyze to create a project, and delegate all the tasks that would occupy all your time to external people, only in this way will you have the opportunity to live on an income without working.

The business model is simple: create a business, pay someone to work, make money without working.

This might sound a bit cynical, but the world of capitalism works like this, society works like this, there are people who prefer to work several hours a day to have the security of a fixed salary at the end of the month, and others who prefer to take a small risk. rather than trading the most important thing we have – time – for money.

Thanks for being with us, we hope to have enlightened you in some way, this article on how to live on income ends here, if you found it interesting, share it via the social buttons that you find below, see you soon and good continuation on our site.

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Money Beng, The Editors



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