FINP054 The fast way to a life supported by passive income (454 words)

This article discusses the power of passive income and its importance leading into and throughout retirement. A number of wealth creation strategies are explored and a call to action to speak with a financial adviser is included.

Imagine that, without any effort on your part, enough money regularly pours into your bank account to meet (or exceed) all your living expenses. Suddenly, work becomes optional and a world of opportunities opens up. That’s the ultimate in passive income – all your financial needs met without lifting a finger. 

The fast way to a life supported by passive income is to win the lottery or receive a large inheritance. Invested wisely, large lump sums can generate rental income, interest, share dividends and capital growth, all of which can replace an earned income but without the hard work.