Kris and I were in Didim, Turkey in the summer of 2019. I was really enjoying myself. The people there were friendly and the atmosphere was completely relaxed. At this moment, early in our trip, I knew that I could retire here. It felt like a piece of home. Kris and I had met overseas, back in 2004, in a country named Turkmenistan. Now, 15 years later, it felt as though we had returned home.
My first immediate thought was how we could retire here. The money they use in Turkey, the Lira, was very weak against the dollar. Meaning that our US Dollars went a long way here. To live equivalently to the States, you would need an income of $2,000 a month. This would be very doable with our military retirement income. Then I started to do more math. How would we fly back to the States every so often? What if our kids needed help? There were lots of questions that needed to be answered.
I finally asked the best question that I could have asked myself in my entire life. The question was, “ How can I live here in Turkey, not work, but also not spend any of my retirement income to survive?” The answer throughout the internet was a resounding PASSIVE INCOME. I had never heard of the term. I was enamored with the idea of living life without working, yet receiving income. And from there, the rest is history.
I spent all my mornings, after a run and breakfast, of course, reading on PASSIVE INCOME. I read about dividends from stocks. I read about interest payments from bonds. I read about how to invest in crowdfunded real estate and receive dividends. I opened my brokerage account and my high yield savings account. My first amount of PASSIVE INCOME was $0.06 from the interest on my $100 in my Discover High Yield Savings Account. So it has been a little over a year and Kris and I have close to $50,000 in our investment portfolio. We also have bought another home, for more PASSIVE INCOME. We are well on our way to achieving our goal, which is to live very comfortably, no matter where we choose to do so. This is the power of PASSIVE INCOME. It has literally changed our lives.
I hope you decide to join us on our journey to achieve financial independence through PASSIVE INCOME. It will change your life forever.
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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