If you know me or have visited this site before, I'm sure have grown to realize that I am a supersized advocate for passive income. I believe that growing a diversified balance of income streams will set the foundation for financial independence more quickly than savings and traditional investing alone. The concept is not radical, but implementation and knowing where to begin in this path can pose a challenge. So that's exactly what this post is about. I will highlight some different methods of passive income investing in addition to the pros and cons, and possible barriers to entry for each product.Read More
Filtering by Category: Financial Independence
Why do you invest?
Such a simple question, right? When asked this, most people’s response has something to do with retirement. But this is normally a canned answer simply because we know we are supposed to save and invest for retirement. The problem is that there is no deeper meaning or motivation behind this type of investment strategy. There’s no excitement. No drive. And I firmly believe this is the primary reason why so many people are underfunded for retirement.Read More
Whether it be via podcasts, websites, events, blogs or local meetups, I find myself constantly digging deeper into the early financial independence mindset and community. And I love it! The message of this group resonates with me, and I want to build upon and share it with everyone that I know. But being so ingrained, sometimes I forget that not everyone is into this movement. If fact, very people are. Only 7.96% of the U.S. population under the age of 50 would consider themselves retired (or more importantly, able to step away from their job).Read More
Since the beginning of the year, I've been all-in on bettering my understanding of credit card rewards. This falls in line with my somewhat unhealthy infatuation of the role finances can play in life optimization. How can one get the most bang for their buck, especially with those same dollars they would normally already spend on a day-to-day basis?Read More