Yes, people can become wealthy while earning a low income. But it's hard to do. That's why it's sensational news when we hear about a janitor at a college who never made more than $30k per year and left $2 million to the college upon his death. It's a difficult feat and just doesn't happen that often. And yes, I realize not everyone is a doctor, lawyer, MBA, etc., so not … [Read more...]
Ten Best Ways to Earn Money
Now that we've discussed the three ways to earn income as well as reviewed a list of ideas for creating income, I want to share what I think are the best ways to earn money. Of course to determine "the best" I had to have some criteria, so I developed my own as follows... Criteria for Rating the Best Money-Making Methods I considered a lot of options but eventually came … [Read more...]
Ideas for Creating Income
Now that I've shared my three ways to make money, I wanted to create a list of ideas for each category. While I had my own list (of course), I also googled a bit to find more. As you might imagine I discovered a gazillion posts on "how to earn money". There are almost too many ideas to contemplate (and what some people consider to be an "idea" is a long stretch). I … [Read more...]
Three Ways to Make Money
Ever since I read Passive Income, Aggressive Retirement I have been thinking of ways to earn money. That has turned into a mini-obsession as the subject seems to be popping into my mind again and again. Eventually I decided to do something and write a series of articles about earning money. Over the course of the next week or so I'll share three posts on making money … [Read more...]
How to Protect Your Career Earnings with an Employment Contract
I've talked several times about how your career is your most important financial asset. Given this, you want to treat your career like other major assets. You want to grow it, of course. But just as important is protecting it. That's why I wrote Career Insurance: Protecting Your Most Valuable Asset. One of the best ways to protect your career, but also one of the … [Read more...]
28 Ways to Create Extra, Passive Income
Today we're finishing up some thoughts from Passive Income, Aggressive Retirement by Rachel Richards, which I think should have been titled "How to Become Financially Independent by Creating Multiple Streams of Passive Income". Haha! If you missed parts one and two about this book, check out Passive Income, Aggressive Retirement and Five Categories of Passive Income and How … [Read more...]
Five Categories of Passive Income and How to Evaluate Them
Today we're going to continue with some thoughts from Passive Income, Aggressive Retirement by Rachel Richards (which I highly recommend BTW). If you missed part one of my thoughts on this book, check out Passive Income, Aggressive Retirement. BTW, I think a better title for the book would be "How to Become Financially Independent by Creating Multiple Streams of Passive … [Read more...]
Passive Income, Aggressive Retirement
Every once in a while, I hit the jackpot. I've read a TON of money books -- far more than I've featured on this site -- and most are not worth much IMO. Many are just plain terrible, offering mediocre advice at best. Others suggest basic money tips we all learned in third grade. Personally, I think so many personal finance books are bad because the authors are just … [Read more...]
Three Career Resolutions to Make You Millions
Ok, I'm guilty! Not only am I posting one New Year's resolution article (the first was my "12 books" post), but I'm now publishing a second one! What gives? Well, I'm adding several guest posts I've done for other sites on ESI Money and this one just happens to work for this time of year. Plus, I can't have too many "make more money at your career" posts, can I? I … [Read more...]
Side Hustle Interview 10
Here's our latest interview with a side hustler! As you know, I love creating a side hustle as part of a fast-track path to financial independence because it can make a huge difference (see this financial calculator), enough to actually get you to FI in 10 years. If you have a side hustle and would like to be interviewed, shoot me an email and we can talk over … [Read more...]
