Sources of Passive Income: Investor (Part 1)

Why do we work?

To earn money and retire someday, right?

How do we retire?

Work, work and work until we reach the age of retirement, that is 60years old for women and 65 years old for men.

We work until retirement age to get our retirement benefits from the company.

And then, we build up a small business or invest the money.

Ultimately, we invest our hard-earned money, the money we worked hard for until we age between 60 and 65 years old.

Where we should invest? Where we should put our hard earned money?

In the banks?
Those who thought of putting the money in the bank, goodluck to you!

Just a little finance 101 or banking 101...
Annually our money in the bank earns bet 2% to 4% depending on the type of account you have.
Annually too, the inflation rate is going higher and higher. The last inflation rate was around 7%.

Now, just a little mathematics...
We earn between 2 to 4%
And, our money losses value by 7%
Bottom line, our money in the bank losses between 3% to 5% annually.
And we call putting our money in the bank as "our savings in the bank."

To be continued.