Re:Ask HN: How to start earning $500/month in passive income...
by johnnyio on Saturday August 30, 2014 @08:36AM
(#8246283)
Become French resident, you will have a guaranteed living income of 434Euros (600$)
[ Parent
| on HN ]
Re:Ask HN: How to start earning $500/month in passive income...
by frpt77 on Saturday August 30, 2014 @09:38AM
(#8246401)
Really?!
As an EU citizen can't I just relocate there and collect without ever having contributed to french social security?
Doesn't seem to make much sense...
Re:Ask HN: How to start earning $500/month in passive income...
by tonfa on Saturday August 30, 2014 @10:14AM
(#8246491)
Sure you can do that, you need to stay at least 3 months before asking for it first.
Note that how much you get is barely enough to live (but it fulfills its goal which it to reduce poverty).
(and there's a good chance the program will be scraped at some point, since while it fulfilled its goal with reducing poverty, it didn't have much impact in term of employment and there is still a ceiling effect even so it was supposed to remove them).
(and I'm not sure which part of reducing poverty doesn't make much sense, and as a EU citizen you can profit from any wellfare system within the EU)
Re:Ask HN: How to start earning $500/month in passive income...
by thibauts on Saturday August 30, 2014 @09:43AM
(#8246411)
It's called RSA and is hardly sustainable here. I suspect the cost of living in France is not the same as in India.
Re:Ask HN: How to start earning $500/month in passive income...
by flaie on Saturday August 30, 2014 @11:29AM
(#8246662)
With such small income you cannot live correctly in France.
Re:Ask HN: How to start earning $500/month in passive income...
by wallzz on Saturday August 30, 2014 @11:50PM
(#8248376)
just for one year!, the next year you have to fin a job and your salary will be cut off by 30% or more to finance other lazybones!
Re:Ask HN: How to start earning $500/month in passive income...
by frenchhacker on Saturday August 30, 2014 @11:35AM
(#8246679)
Good luck to live on 600$/month