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...]
Top 10 Ways to Become Wealthy While Earning a Pittance
Well, it's that time again. Time to address the "it's easy to be wealthy if you make a lot of money, what about becoming wealthy if you earn little?" crowd. But this time it's going to be a bit different. You see, I think I've made a mistake. Here I've been writing about growing your career, creating a side hustle, investing in real estate, and the like so you could … [Read more...]
The Nine Stages of Financial Independence
I've seen a few people detail what they believe to be the stages of financial independence (FI), but none of those have been exactly right for me. So I thought I'd create my own list of the various FI milestones and share when/how we hit each of them. Then you can add your thoughts until we have a master list to die for! ;) Let me say that this is a difficult task for … [Read more...]
How to Become Financially Independent in Five Years
Back in October I was part of a panel discussion on the What's Up Next? podcast. Three of us "older" bloggers joined Doc G and Paul to discuss the subject "Is it ever too late to pursue financial independence?" The episode will soon be released but if you want to hear what we had to say, you can listen to it here now. In the discussion Doc asked a GREAT question (which … [Read more...]
The Case for Giving on the Road to Financial Independence
In September 2018 I sat in the audience of FinCon, the financial media conference, and watched an interview with Pete from Mr. Money Moustache. He's a very interesting character, quite down-to-earth and prone to saying things so full of common sense that you have to laugh because no one has said them before. Towards the end the audience was invited to approach a … [Read more...]
Why the Rich are Getting Richer
Shortly after I wrote How the Rich Get Richer I started reading Why the Rich Are Getting Richer by Robert Kiyosaki, author of Rich Dad Poor Dad. The author says the following about both books: If Rich Dad Poor Dad was elementary school, this book (Why the Rich Are Getting Richer) is graduate school. That sounded good to me. I'm always up for a higher-level money … [Read more...]
Living Like Old Money
I'm not sure where I saw it, but someone I follow online mentioned that they were reading The Old Money Book and recommended it to others. Always on the lookout for a good money book, I went to my library's website to see if they had it. Nope. I then hopped on Amazon to check it out. I liked the fact that it had two (not just one) subtitles. They are: "How to … [Read more...]
How the Rich Get Richer
You've probably heard the phrase "the rich get richer". There's (surprisingly) even a Wikipedia page on it with background and details. Here are some of the highlights: "The rich get richer and the poor get poorer" is an aphorism due to Percy Bysshe Shelley. In A Defence of Poetry (1821, not published until 1840) Shelley remarked that the promoters of utility had … [Read more...]
