How to create passive income at your young age and make your retire more relax and let the assets to work for you.

I think you can consider investing. This article on things to know as a beginner investor could be useful to you.

Not sure of how old you are, but since you mentioned young age, this article might be helpful too.

Invest your money in quality company shares and avoid insurance endowments and ILP

Side hustle like making video on youtube or writing blog

I dont know much but.

Buy SCHD or any other dividend ETF and like hell pump every single cent (minus bills) into it.

​

Like I earn 2800. I put 2k in to any dividend fund and live off 800.

​

In the hopefully not too distance future (if nothing bad happens) I probably can just live off the dividends. if cost of life is 800X12=9,600

​

Lets say

​

3% dividend = 9,600 of cost I only need 320k invested

5% dividend = 9,600 of cost I only need 192k invested

1%dividend = 9,600 of cost I only need 960k invested

​

99% chance this is bad math but this is how im currently running my life so. in about 30 year check back and see if I'm successful or died of hungry. :)