Business
Why I think a growing passive income is the key to financial freedom – The Motley Fool Australia
A generous passive income that grows at a relatively fast pace could provide a significant amount of financial freedom, in my view.
For many people, achieving financial freedom is likely to be a main goal within their lifetimes. This will enable them to enjoy greater independence and, in some cases, a better quality of life.
However, a large sum of money does not necessarily lead to greater financial independence. Rather, it is the passive income it provides that can make the biggest impact on an individual’s financial outlook.
Therefore, now could be a good time to start investing in cheap dividend stocks with long-term growth…
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