Living on Interest

wow,Living on Interst must be the dream of many people! I do have this dream. But I know it needs lot of money as capital at first,and It also depends on how you use your capital. The wise investment may help us to achive the goal of L.O.I. Unfortunately,I have not so much money to investment now,and I am still a student. I think the best way for me to earn some money is to post responses in Mylot which almost needs not any capital only if I have the ability to read and write.^_^ I will try to reach the nice consequence of living on interst when I graduate this year! Good Luck to all of us!!

how can we do it?

I have heard of it, but, you need a lot of money to do that. If you are young enough and can make wise choices on investments and purchase property, you will be able to do that when you are older. Good luck.

It is a very impressive goal! I have also heard of it - but I don't have enough capital for that kind of investment... and I doubt I will anytime soon either. But I guess living off interest is the ultimate monetary goal for anyone... Good luck to you!

that has been my goal ever since i read rich dad, poor dad. it would be very nice to live on interest and be financially secure for the rest of your life. i am starting on small bits investments and hopefully it would grow. the earnings i got from myLot i invested a small portion on HYIPs and i would let it grow granting that they would pay me. i would start from there at see what happens.

oh, that's my ultimate goal. i'd like to be able to just stop working and live on interest from my investments and savings. i wish i could say i'm closer to that goal, but i'm not. i'm still trying, and won't stop until i get there. i've heard of some people who actually are living on interest, so it's not impossible to achieve if we keep on persevere!

Just think ..if you had about 2000 referrals in mylot you could live on their work..and you work..Just get yourself a recliner and post away:)+

Great goal dude !!!

This is my goal, but I would need to be a multi-millionaire to live comfortably on the interest. So my goal is to become a self-made multi-millionaire within the next 10 years.

Hi, maddona - thanks for asking me to be your friend. Yes, I now actually make a part-living on the net, and it is getting better (almost) every day. I have two private web-sites, both of which will refer you on to the company that is actually putting money in my bank account. http://www.educational.uk.com http://www.success-system.net Have a look and please mail me with any comments you may have. Regards :)

you need a couple million to actually make enough money to live off of, and by than you have plenty of money anyways.

you cant live off the interest you earn from a bank! but you can live of the profits made by your investments!:P im aiming at that after a certain age i dont want to work and i should be able to sustain my life style without working by making my investments do the working!

I do hope that I had enough money to live merely on the interest earnings from the principal amount. I would just be sitting and spending just the interest. It would be a nice way to live don't you guys think?

This is what i am currently trying to do... sadly my money isnt that big for LOI.

really? he must have deposited a lot of money to generate enough interest to actually live on. usually, interest rates in banks here do not exceed 7% annually, that's .58.3% in a month.

i did not knew this.

I see it all the time. Most of the ones I see are from people who are a beneficiary of a trust or something like that. It's usually not their own money, but money that they inherieted.

That does sound like a very good goal, although I think that a lot of people who do so have other sources of passive income, such as rental properties, or dividend-paying stocks. Just having money in the bank seems like a waste, since interest rates are normally fairly low.

While I also want to eventually earn enough interest to sustain me, I don't think I'd want to simply live on interest. It would be financially rewarding, sure. But I have a stronger desire for self-actualization and fulfillment. But if my passive income far exceeds my professional income, I'd at least have the luxury to do whatever I want. i.e., finally take a year-long break to write my long-overdue novel.

That's an impressive goal, but you need to accummulate enough cash to actually do that. I think the trick is to start investing if you have some savings. Then reinvest the interest earnings until you have enough principal to generate huge earnings.