Best USB power delivery board for diy projects with variable voltage
Compound interest is, in short, the interest accumulated on interest. For instance, you have a £10,000 investment with a 10% return. The £1,000 return you then have goes back into the investment so next time you have a 10% return on £11,000 which is £1,100. When you look at it like this is not very complicated at all. You invest your returns back into the investment and the returns increase.
Financial freedom is when a person’s assets generate income that is at least equal to their expenses. Financial independence means you have enough wealth to live on, without working. Income earned without working if referred to as “passive income” as opposed to “active income” which is the money you earn by working.
So to summarise passive income is income from sources that have been set up to run autonomously or with minimal upkeep. It usually takes a lot of time to initially set up but then pays recurring income over time without directly inputting your time.
Goals For This Blog The video above shows the goals for the youtube channel but they also apply to this blog. Growing a community around tech and finance for fun and education. If you are interested in either I urge you to have a look around and see if this is something you like. Make …