Dear readers, could one of us could achieve a $30,000 monthly passive income tonight!
Yes, that’s rights, $30,000 monthly in passive income.
Top of many people’s mind today is the Hong Bao 2024 $12 million TOTO draw. It should be common knowledge that everyone betting on the Hong Bao TOTO draw, would definitely wish to win the grand draw of $12 million!
And when one wins the $12 million, provided that that there are no other winners for this prize, the next thing to think about, beside possibly retiring from work altogether and spend our limited time on earth doing the things we want, is to think about just how to make use of the grand monies of $12 million.
For some, $12 million may go into purchasing some prime properties.
For others, $12 million could be used to achieve a very generous passive income for many more years to come!
With an average of 3% per annum risk-free market interest rates these days, a $12 million into a risk-free financial product yielding 3% per annum interest rates would yield a very generous $30,000 passive income per month.
Or $1,000 passive income per day, isn’t it that attractive?
However, whether or not it is $12 million, or $12,000, I believe everyone should have a financial plan to create additional sources of income, preferably on a risk-free basis.
It is encouraging to see many flocking to take advantages of the high interest rates from Singapore Savings Bonds, Singapore Treasury Bills, Fixed Deposits to grow one’s savings. But at the same time, many are also using these high interest rates to offset a little of the high costs of living today!
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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