Living without working, everyone has surely already thought about this possibility on Monday morning at work. It is the dream of each of us to stop having to work and still continue to provide for our needs. Living without working really means being able to continue paying bills, paying for purchases, or paying off debts. All this while eliminating the constraining profit-generating aspect called labor. From that point of view, it seems perfectly impossible and yet it is doable. Indeed, it is quite possible to live without working and at the same time cover your needs. In fact, there are several simple but effective solutions for living without having to work. Discover through this article how to successfully live your life by stopping working daily. If you also want to make some pocket money on the internet, also consider profitable sites like Moolineo, loonea or Swagbucks. It won’t make you rich but it helps to put butter in the spinach.
1 ► Living without working: is it possible?
1.1 Steps to successfully live without working
2 ▶ ︎ How to live without working?
3 ►The different solutions for living without working
3.1 – Become an annuitant
3.2 – Invest your savings
3.3 – Create and monetize a blog
3.4 – Real estate
3.5 – Make money on the internet
3.6 Related posts:
► Living without working: is it possible?
According to statistics, around 50% of French people suffer from fatigue and stress in the workplace, 26% die of boredom and 44% have no interest in their tasks. It is therefore not surprising that 24% of employees have to deal with burnout. Suddenly, many are asking the question: is it possible to live without being forced to work day after day? The answer is yes. With these numbers, it’s normal to understand why so many people seek to be able to live without working.
You probably tell yourself that living without moving a finger is like an April Fool’s Day. Well, think again! Currently, there are many solutions that can allow a person to live their life in peace without having to kill themselves with the task in the office. It is enough to adopt the right means to be able to ensure a full future.
Steps to successfully live without working
It doesn’t sound serious, but even the biggest magazine like Le Revenu is talking about it today. For some people, living without working is mostly a matter of adjustment. As such, the material aspects must be put into perspective and rethink. To be successful in achieving this goal, you must ask yourself the key question “How much do you need to live?” And to prepare for it, you will need to act in five essential steps:
Know your goals,
Anticipate the consequences,
Carry out a prospective financial study,
Analyze the feasibility of your project (s),
Take the time for your preparation.
The first step is a key phase when it comes to building a new life project. For good reason, you must establish very clearly what you want to put in place and why you aspire to it. Is the fact of wanting to stop working due to your current professional situation? What are you looking to achieve with the new life you envision? Is it to have more time for yourself? Is it a question of organization or a new living environment? All of these questions are important before making the decision.
▶ ︎ How to live without working?
Living without a job is not a decision to be taken lightly, you need a manual. To prepare for it:
Do your calculations,
Assess your needs,
Balance risky and secure investments in your wealth.
Start by asking yourself if you plan to dip into your capital, keep it by using its fruits or choose a middle way. The choice varies depending on your transmission desires. If you are ready to use part of your capital, the difficulty will be to measure your punctures so as not to exhaust your funds before the time. Conversely, if you want to keep your assets for the benefit of your successors, you will need significant wealth.
Next, consider making a provisional budget including retirement. When assessing your cash flow, don’t forget your future retirement. If you are missing contribution quarters, the amount will be reduced. So remember to consult your pension funds or a specialized firm. If so, plan a strategy that will allow you to limit breakage. A quarterly buyback is therefore favorable in certain situations. Also, you can continue to accumulate quarters while preserving an episodic activity.
Then assess your expenses. To do this, INSEE statistics can help you by going around the posts. It is advisable to start from a blank sheet of paper, as no longer working may upset the structure of your budget.
In addition, be aware that no longer working means that you will lose all the privileges related to your work, namely:
Reduced cinema tickets,
Reimbursements in part of the transport card for ordinary employees,
Laptops For The Frame,
All expenses that escaped the family budget when they were incurred by society,
The cost of your social protection.
Indeed, stopping work also means losing your rights to basic health insurance and access to cheaper complementary health insurance, not to mention death or dependency insurance. You must therefore estimate your future taxation. All these costs will henceforth be at your expense, these are called personal and financial costs. And that’s why you need to study your financial situation carefully. It should be noted that your estimated budget is not immune to changes in taxation, a rise in the cost of living, a reduction in pensions, a real estate or financial crisis.
Faced with all this, you must know how to optimize your wealth. Know that it’s all about the balance between the different assets, real estate and financial. As the saying goes “don’t put all your eggs in one basket”. The balance between safety and risk is essential. You should prioritize safety if you have limited assets to live on. That being said, don’t deprive yourself of a reasonable dose of risky assets, as the prospects for long-term profitability are often much higher.
►The different solutions for living without working
The first thing to think about is how you are going to realize a sufficient annuity to stop working. Likewise, the best way to live without working is to live without money. In other words, no longer have material needs. But it is also possible to live without working while earning money. Have enough money at the very least to cover your expenses, that is, to be a pensioner. And many other solutions exist to be able to live without killing oneself with the task in the office every day.
- Become an annuitant
Who wouldn’t want to make money without having to work? This is the very principle of the word annuitant. In other words, earning enough money at the end of the month to support yourself, without having to get up early every morning to go to work. It is quite possible to become an annuitant with 1000 euros per month or 10,000 euros per month. It depends among other things on your standard of living and your goals. The best way to live without working is to limit your needs and expenses as much as possible. Indeed, there are very simple and effective ways to reduce a lot of expenses in housing, namely:
Reduce your energy bill by insulating your home, changing energy supplier or installing self-consumption photovoltaic panels;
Renegotiate its loans or insurance;
Manage your budget correctly;
Consolidate your credits with a serious broker.
The idea here is to show you that you can become an annuitant faster by spending less.
- Invest your savings
Nothing could be easier than building up a small savings quickly and then investing it. However, it is crucial to think long term by making small sacrifices today and enjoying them tomorrow. In order to be absolutely sure that you are saving a certain amount every month, you can just schedule an automatic transfer. This consists of allocating a portion of your income to your savings account each month. Once you’ve built up your savings, real estate remains an excellent investment and even represents an attractive source with high profitability.
In addition, you can also build a home and then sell it at a capital gain. You can also buy an apartment and then rent it out. In this case, the goal is obviously for the rent money to reimburse the amount you have invested.
Regardless of the purpose or type of investment, saving money can be of great benefit to you in financially complicated situations.
- Create and monetize a blog
Blogging is currently one of the effective ways to generate income automatically. Even better, you don’t need to invest a lot of money to be able to make a living from your blog. However, it still takes a lot of time to build a reputation on the internet and earn money. Use social media, post comments and more. Know that all means are good to promote a website. The idea is to increase its traffic regularly, to generate interest from advertisers and search engines. Indeed, you will be paid thanks to the commissions generated by the sponsored links or the advertising banners integrated into your blog. Sponsored articles are good earners and can help you earn regular income.
Like any website, using affiliates is necessary to monetize your blog. In principle, links to affiliate products are inserted in posts. Thus, you will be able to earn a commission for each sale made. With the exception that in order to make a living from your blog, you must master the various SEO and communication techniques. In fact, there are a few marketing strategies you can use to optimize your blog. Also, you can still use practical software, as long as you know how to use it.
Most people have become annuitants thanks to real estate, so there are so many possibilities. There are for example:
Real estate development: building housing for others and then reselling them with a capital gain.
Rental investment: using the leverage effect of credit and investing so that the rent pays for the investment.
The division of goods: for example buying a building via a loan and reselling it lot by lot to earn money.
Build terraced houses to sell one and rent the other.
Buy and sell land with a capital gain.
There are a thousand ways to do rental property, including bare, seasonal, furnished or shared rentals. The goal is to earn money without any contribution, but thanks to credit and rents which cover the entire investment.
In addition, to make enough money with the rental, you have several options. On the one hand, you earn money on buy-sell from real estate gains that you can invest elsewhere. On the other hand, the cash flow generated by the rental is also sufficient to be able to live on it. This is in fact the part you have left after the credit has been paid as well as all charges and taxes. If you generate 100 euros in cash flow on a property, know that this constitutes an interesting additional income, but it will not be enough to live without working. On the other hand, if it is 100 euros of cash flow on several goods, that will represent very large returns.
- Earn money on the internet
To live without working, the internet is also an interesting solution. Especially since online offers are legion. Among these solutions, for example, there are cryptocurrencies. Very popular at the moment, these are alternative currencies. Some people don’t hesitate to invest a certain amount to test the profitability of this practice. However, you will need high-performance computer equipment to get started in mining.
Other solutions to make money on the internet, dropshipping. The principle is quite simple, it is a sales method that consists of selling products on a marketplace. It is this practicality that makes it a very advantageous concept. Of course, you won’t have to stock any products because the supplier takes care of shipping the orders.
To train in dropshipping and become financially free I advise you to properly train yourself as for example on Ecommerce Academy
There are also some online activities that can earn enough money to live without working, such as:
Become an online coach,
Sell online training,