There are several ways to define financial freedom, and they all point toward one thing: self-reliance. For the purposes of what we are talking about here, I define financial freedom as having enough cashflow from investments or assets to meet all of your monthly expenses. The first step towards financial freedom is tracking your spending. You can use a program like Mint to track your spending and … [Read more...]
Phantom Income
Bonus Material: Get the free wealth snowball calculator to tell you how many assets you need to acquire and how long it will take you to be financially free Recently I was wracking my brain on what I could do in order for my money to work even more efficiently for me than it has been. You know, work smarter not harder? The problem is that, like you, I work a 9-5 and only have limited time … [Read more...]
Wealth Snowball Strategy: My Financial Freedom Plan In My 40s Even After A Financial Meltdown
Bonus Material: Get the free wealth snowball calculator to tell you how many assets you need to acquire and how long it will take you to be financially free This strategy isn’t ideal for everyone. It’s designed for people who want to be in financially free and are interested in systematically acquiring assets that produce cashflow on a consistent and scalable basis and are tired of the wall … [Read more...]
Financial Freedom Report June 2020
Here is June 2020 report on my path to financial freedom. This is part of an ongoing journal about exactly HOW I am achieving financial freedom in less than 10 years. Side Hustle Big Events Moved chunk of cash to save for next real estate property into my "Vault" (aka insurance policy) Paid 1st mortgage payment on real estate property #2. Continued side contract consulting work … [Read more...]
Financial Freedom Calculator – What I Used To Find Out I Wouldn’t Retire Until 85
Bonus Material: Get the full financial freedom calculator that will calculate your returns to retire in 10 years or less In this article, I’m going to show you how you can determine exactly when you can retire based on your current income, annual savings, and current total savings, all using a free calculator, which I'll refer to as the financial freedom calculator. After you are done reading … [Read more...]
Financial Freedom Report May 2020
Here is May 2020 report on my path to financial freedom. This is part of an ongoing journal about exactly HOW I am achieving financial freedom in less than 10 years. Side Hustle Big Events Collected first rent for 2nd SFH rental property Continued side contract consulting work Started advertising affiliate / side hustle websites Real Estate Hustle Rental Properties (2) Gross … [Read more...]
Finance Blogger Income Report – April 2020
Here is a roundup of what I call the "top finance blogger income reports" for April 2020. This report is a bit different than other "blogger income reports" who rely strictly on their own blog income and report on that. These bloggers are using their own money and actually putting it to use to achieve a very specific financial goal, financial independence. Each of these is working hard to … [Read more...]
Financial Freedom Report – April 2020
Here is April report on my path to financial freedom. You can see more about financial freedom through that link, but suffice to say, I wanted to document exactly my progress towards achieving it. Side Hustle Big Events Closed on another single family home rental property (bringing the total to 2) Started work on a newly formed business (contract consulting work) Launched this … [Read more...]
Financial Freedom Report – March 2020
This is the first in what will be monthly reports on my path to financial freedom. You can see more about financial freedom through that link, but suffice to say, I wanted to document exactly my progress towards achieving it. Real Estate Hustle Rental Properties (1) Gross Revenue = $1095 Expenses = $726.66 Net Revenue = $368.34 Health Business Gross Revenue Expenses Net … [Read more...]