Ever since making a goal to accumulate $1,500,000 more capital or generate an additional $60,000 in retirement income by the end of 2022, I’ve been thinking of various ways to make more money. Given neither my wife or I have a job, we are facing an almost impossible financial challenge. After much consideration, I decided one way… Continue reading Why It’s Harder To Get Rich Off Stocks Than Real Estate
The main reason why I quit working at McDonald’s wasn’t the $3.75 an hour pay, or the abusive, ego-tripping manager. After all, the endless supply of broken apple pies went a long way to make up for the unpleasantry at work. I’m ashamed to say it, but the main reason why I quit was because I was embarrassed.… Continue reading Spoiled Or Clueless? Try Working Minimum Wage Jobs
Income and net worth amounts are intricately linked. However, I’m going to argue that building a sizable net worth is more vital for early retirement/financial independence than generating a high income. Creating passive income is definitely a very good endeavor as well. Unfortunately, there’s a lot of uncertainty involved in the viability of your passive income. For… Continue reading Focus On Building Net Worth Even More Than Growing Income
Creating genuine passive income is the holy grail of personal finance. Not all passive income is created equal mind you. Some streams take much more initial effort to start, such as saving enough to buy your first rental property. But once you start it’s very difficult not to gain momentum. Everything passive first takes active… Continue reading How To Build Passive Income For Financial Independence
Welcome back! If you ever want to be absolutely free, you need to develop multiple income streams so that when the inevitable change happens, you’ll be covered. I first recommend you start with the end in mind. What makes you happy? From this question, now you can derive how much money you honestly think will make… Continue reading Achieving Financial Freedom One Income Slice At A Time
How to achieve financial independence-Topic-->HOUSING!
Making a small fortune is really fun. You can do so more easily if you can correctly predict a trend. Not only will you earn a much higher return on your investment, you’ll also suffer less anxiety and grief. In 1997, I studied abroad in China for six months and realized its economy was on the… Continue reading Focus On Trends: Why I’m Investing In The Heartland Of America