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When we're talking about passive income in a general sense, are we talking about buying stocks and funds that generate dividends and/or growth that sustain a 4%
by TurkishPoptart 6y ago
When we're talking about passive income in a general sense, are we talking about buying stocks and funds that generate dividends and/or growth that sustain a 4% (or whatever) sell-off rate to pay for basic life needs, but the asset is valuable enough to keep chugging along despite that? Thanks.
- cushychicken 6y agoMost FIRE advice advocates for selling a small amount of long term funds every year, as they're taxed at a lower rate than dividend income. I read a bunch of Mr Money Mustache to get me started on this path. Recommend that you take a look at his blog to read more about it in detail.