Quick update on my monthly passive income portfolio.
For December 2022, my advanced monthly passive income portfolio generated 8.67% of passive income
This is exceeding my target of 3% per month.
When you first start off with monthly passive income, I think it is a good idea to aim for 20% - 30% per year (2-3% per month).
After some dedication and saving for my advanced monthly passive income portfolio, the income generated in December 2022 alone has exceeded my Canada accounting salary as a manager.
On one hand, my long-term investment portfolio is well-positioned for 2023 growth.
On the other hand, my advanced monthly passive income portfolio has replaced my salary. This is what is needed to achieve retirement.
Of course, I am happy with my long-term investment portfolio but it doesn't generate any cash flow at all.
So I need both strategies to achieve my "early 32 years old retirement" haha.
I will update you again when January is over on the January result
In 2023, my goal is to help 200 people without a financial background to master investing
Investing Accelerator is designed for people without a financial background.
We focus on developing financial independence, where you have the ability to invest to earn a higher return.
The goal is to achieve 30% return per year.
In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth.
In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses such as mortgage, utilities, car payments. This will help accelerate your retirement goals.
If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year. Link to schedule a call: https://bit.ly/3C4Q5lB During the call, we will map out exactly how you can achieve 30%, what you are lacking, how you can improve.
Cheers,
Eric