09/24/2024 – 7:30
So many Brazilians want to stop working and pay their bills with the income from their investments that this type of income has even earned a nickname: “living off income.” In the financial market, this money acquired through investments, without the need for new work, is called “passive income.”
Investing part of your earnings each month with planning is the way to be able to quit your job and still have an income. When the decision to save for the future is made when you are young, it is possible to achieve the goal with a smaller amount saved. It is also necessary to pay attention to which investments you choose.
+How much will I save in 3 years if I invest R$200, R$500 or R$1,000 every month?
“The ideal is to strike an adequate balance between profitability, security and liquidity, that is, the availability of money,” says Luan Andrade, partner at W1 Consultoria, a financial planning company.
According to the expert’s calculations, anyone who wants an income of R$8,000 per month must accumulate R$1 million in investments. To have R$12,000, it will be necessary to save R$1.5 million.
How much should I save per month to have R$8,000?
If you start investing at the age of 25, to have R$8,000 in monthly passive income, you will need to save every month:
- R$2,750 to have your income at 40 years of age
- R$1,750 to have your income at 45 years of age
- R$850 to have your income at 50 years of age
If you start investing later, at age 40, you will need a larger amount to achieve the same gains:
- R$ 13,500 to have your income at age 45
- R$ 5,400 to have your income at age 50
- R$ 2,750 to have your income at age 55
How much should I save per month to have R$12,000?
Anyone who starts investing at the age of 25 will need to save monthly:
- R$4,200 to have your income at 40 years of age
- R$2,350 to have your income at 45 years of age
- R$1,400 to have your income at 50 years of age
Those who start at 40 years old will have to invest larger amounts:
- R$20,300 to have your income at age 45
- R$8,000 to have your income at age 50
- R$4,200 to have your income at age 55
What investments should I put my money into?
The scenarios calculated by Andrade simulate a yield of 10% per year. “The average Selic has been around 9.25% over the last 10 years,” he says. “I considered 10% more than the Selic, which would give 10.06% per year. I rounded it up to 10 to simplify. So basically I considered 10% more than the CDI.”
The basic interest rate (Selic) and the CDI always have very similar rates. They are used as an indicator of profitability for various fixed income investments.
Fixed income is the classification of investments that have remuneration rules already defined at the time of investment. Thus, it is possible to calculate a forecast of what the gains will be based on the amount of money invested.
Thus, the yield of 10% above the Selic rate was chosen because Andrade considers it an easy return to be achieved by an average investor. To achieve this in the shortest terms, the expert recommends seeking fixed income investments such as CDBs and Debentures, which can have a yield of 110% of the CDI, for example.
Variable income investments, such as stocks, are riskier and can even result in loss of assets. Therefore, before opting for them, it is recommended to seek professional help or solid prior information.
For longer-term investments, however, selecting riskier investments such as stocks and investment funds can lead to greater gains. “Real estate funds are an excellent ally for retirement, as they pay dividends every month and are one of the best ways to create your own passive income,” he says.
If you are unsure about which path to choose, the best thing to do is to seek information about the different types of assets or even seek help from a financial planning professional.
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