Provide excellent customer service. Answer any questions buyers post as quickly as possible. Be professional and courteous. Positive communication builds your reputation with buyers and gets you return business. Also, package your product well and ship it out quickly. Allowing an item to become damaged or taking too long to ship can negatively affect your reputation among buyers. Wrap all items, especially fragile ones, in appropriate packaging. Commit to shipping items as soon as you receive payment.[32]
I retired at age 56 with budget/baseline FI, but I am now in blockbuster category (age 69). My investment accounts have done well and the house has increased in market value. Renting part of the home covers housing and transportation expenses, and my small pension covers basic living expenses. I withdraw money from investments for travel but reinvest most of the gains. I too am faced with heavy income taxes once I have to withdraw from tax deferred accounts. I have run spreadsheet projections for income, net worth, and income taxes to 2035 with various withdrawal plans and estimated net returns. Always come back to deferring tax as long as possible, spending down the taxable accounts first, while building up the tax-free account agressively. What I would do differently is learn to invest my own money at a younger age, buy a bigger better house at a younger age, and retire earlier.
Today, if you're at all serious about succeeding in any endeavor, whether online or offline, you have to deliver enormous amounts of value. Yes, you have to do the most amount of work for the least initial return. This is especially true online. Why? Because it takes time to build authority and create an audience, two primary ingredients necessary to succeed in the wonderful world of commerce on the web.
Find an audience for your passion or hobby and you’re all set to make money online doing something you love via a niche website. That of course, is easier said than done. Creating a profitable niche website takes time and is not intended for the faint of heart. But, if you can hurdle the steep challenges and positively answer a few key questions on whether the website business idea you’re thinking about is profitable, then you can begin building it and eventually monetize through advertising, affiliates, or other relevant products.
Photos of people can only be sold for commercial use if they've signed a 'model release' that gives you permission to use their image (children need a parent/guardian to sign). Without a release, these photos can still be sold for editorial use, as long as they were taken in a public place – eg, if you submitted a 'breaking news' shot with people in the background. If there's any doubt, always ask permission.
Find work. When you first start out, you may have to accept work writing about a topic you don’t find all that interesting. You must keep an open mind and be willing to accept work that may not be in your desired field. However, as you continue to write, you not only learn about more topics, but you also build your reputation. With time, you can be choosier about assignments you want to accept.[19]
Age and existing wealth or current salary don't matter – if someone can generate enough income to meet their needs from sources other than their primary occupation, they have achieved financial independence. If a 25-year-old has $100 in expenses per month, and assets that generate $101 or more per month, they have achieved financial independence, and they are now free to spend their time doing the thing they enjoy without needing to work a regular job to pay their bills. If, on the other hand, a 50-year-old earns $1,000,000 a month but has expenses that equal more than that per month, they are not financially independent because they still have to earn the difference each month just to make all their payments. However, the effects of inflation must be considered. If a person needs $100/month for living expenses today, they will need $105/month next year and $110.25/month the following year to support the same lifestyle, assuming a 5% annual inflation rate. Therefore, if the person in the above example obtains their passive income from a perpetuity, there will be a time when they lose their financial independence because of inflation.
Take it seriously. Yes, you’re applying for an online job. Yes, you can do the work in your underwear, but that doesn’t mean it’s not a “real job”. You must treat it as such or they aren’t going to treat you as a serious candidate. You aren’t the only one who wants to work in their underwear. In fact, the competition online is likely higher than it is in your local area.
I’m glad I started looking at this when I was in my mid-twenties more closely, but of course, now I wish I knew all this info when I was even younger. So don’t wait, don’t put it off, start right now. And while I may not be able to retire next year or even in five years, I am well on my way to being financially free well before the average retirement age. Let’s do it!

How can I become financially independent fast


I have about 1 year’s worth of expenses saved. Hoping to get to 25x expenses by the time I’m 30. I’m currently 23 and just starting my first job out of college. I think I can definitely achieve that, but I’m nervous about performing well at work. Hopefully it all works out and I can choose to quit if I’d like early in life. I’m hoping I actually enjoy work, but I am thinking that is asking for too much… 

While we all need to make money to live—and there’s certainly nothing wrong with earning a great salary—taking control of your financial life involves much more than adjusting your income upward. It involves making repeated good decisions with the resources you have, changing your financial habits, and living deliberately. None of which is inherently easy—especially under the tyranny of today’s instant-gratification culture—but fortunately, regaining control of your finances is simple.

Wow! What an awesome list! My favorite is the stock photography because I love photography. I have had some success there, particularly with one photo I make some decent income from. I think the key with stock photography is finding a shot that is high demand. Then, find a new unique way to frame that shot. This is the reason my St. Louis Arch photo is a top 10 on both ShutterStock and iStockPhoto. Thanks for the awesome ideas above!
Even if you find yourself in the Budget FI category, it’s still better than having to work at a soulless day job with a long commute and a terrible boss. Most people who find themselves in Budget FI are either on the younger side (<40), don’t have kids, or are forced to live frugally. I’ve found that in many cases, folks in Budget FI long to lead a more comfortable life so they either get back to work, do some consulting, or try to build a business within three years to move up the pyramid.
Now, I know what you’re thinking. Most of the software and apps you use on a regular basis are made by massive companies or established development studios. Well, yes. But many successful apps, particularly those in the Apple and Google stores, are created and marketed by individuals and small businesses. In fact, independent developers made $20 billion in the App Store in 2016 alone.
Once you have that problem or need nailed, the next step is to validate that idea and make sure you’ve actually got customers who will pay for it. This means building a minimum viable product, getting objective feedback from real customers, incorporating updates, testing the market for demand, and getting pricing feedback to ensure there’s enough of a margin between your costs and what consumers are willing to pay.
Has anyone ever told you you have a voice for radio? Are you great at creating original characters with just your voice? There are tons of people looking to pay for quality voice overs for their corporate videos, animation series, or educational videos. Check out Fiverr and UpWork or create a profile on a specialized site like Voices.com or The Voice Realm to get started making money online doing voice overs. 

How can I be financially healthy


Taxes should be negligible at the low income levels quoted in the article, assuming the income is from qualified dividends and/or long-term capital gains. There will definitely be some unplanned expenses that come up though so I should maybe bump up my “Misc.” category budget a bit more. I plan on using other passive income streams to cover my discretionary spending and hopefully that side income can also be used to cover some of the bigger unplanned expenses, if necessary.
For Vanessa and I, financial freedom is our primary long-term financial goal. We appreciate the flexibility and freedom that accompanies a large pool of savings, and we would rather forego consumption than live dependent on a monthly paycheck. Although we haven’t yet achieved permanent (or luxurious) financial freedom, we are in a great position. We are completely debt-free, and have accumulated enough assets to purchase a prolonged period of freedom. And at this point, that’s all that we desire.

What is considered financial freedom


Domain name trading has been around for the last couple decades, and while most slam-dunk names have long been sold off, there’s still plenty of others that you can get your hands on for relatively cheap and broker as a way to make money online. Before you dive in, however, beware that some experts doubt the long-term viability of this idea for making money online. However, there’s always the chance you might just land on a lucrative domain name for a future billion-dollar company. To get you started, here are some tips from GoDaddy, arguably the world’s largest and most famous repository of domain names.
Statistically, if you want to guess who is going to be wealthy and financially independent, you'd be more likely finding a self-sufficient student in wood shop class who paid for his own car, gets decent (but not spectacular) grades, has a job and enjoys what he does than selecting someone from the honor roll. It's counterintuitive, but it's often true.
@Palmetto - Thanks for the feedback. As far as making a pivot in my career, I just knew I needed to boost my credibility and change the path I was going on. Being in the computer science field, I was already technology driven and knew how important it would continue to be. I just looked into jobs that seem to be hiring the most and closely matched my interests, then looked at what I need to learn to be able to get that job. It wasn't too difficult because I already knew what I wanted to switch too and enjoy about some of my previous work. For other fields, I'm sure it might be more difficult to figure it out. But keep at it. Advice, really just do your research, make lists of what you enjoy/don't enjoy, what you'd like to learn more of and just dive in. Creating my own music blog was a huge stepping stone and opened more career choices. @Mrs Picky Pincher - Thanks for your point! I see where you are coming from. Agree, you shouldn't spend all your waking hours working, chasing the almighty dollar. However, I choose side hustles that are only a few hours a week or projects I know that won't consume my entire life. The reason I advocate for side gigs is because your full-time is never guaranteed. Sure you may be able to survive on some savings, but if anything were to happen to that job, you're in more of "what am I going to do" mode. I'm not in a panic for work because I have some supplement income still coming in while I continue to find the next gig. Just adds a bit less stress. And no, def don't want to think negatively about your future job, but something to always be mindful of. @Cody - Thanks! Hoping to contribute more to MM!
Write pitches. If you have located a client for whom you want to write, send pitches, which are topic ideas for articles. Write pitches that not only show your expertise, but also demonstrate your enthusiasm for the topic.[21] First, read the publication to which you are sending pitches to familiarize yourself with what they publish. If applicable, identify a specific section and send our pitch to the appropriate editor. Also, include a brief summary of who you are.[22]
Of course they look at me like I’m crazy when I suggest they cut a $100+ a month cable bill. Or switch to a cheap cell phone provider like metropcs. Or drive a car that is 3 years old. Or only fill up their tank from the cheapest place according to GasBuddy. Or get $25/month budget car insurance from Insurance Panda. Or cook their own food instead of spending a hundred a week on restaurant food (or far more if they like the bar).
My mgr just told me today that I am not being transferred. I am so relieved and less anxious now that I don’t have to break in a new boss. The other boss would have been a micro mgr and that could cause me to quit. My boss wants me to stay another 3-5 years and he also wants me to work on something new so that I stay interested. Arg, no thanks! I suspect he knows I want to retire at 55 but I am not saying so.
"Grant Sabatier is a bold, new voice for this country's next generation -- a generation that chafes at mounting debt, rejects traditional modes of work, and longs for financial freedom. In this comprehensive money manual, Sabatier blends deep wisdom with proven action steps. He shows how to mold your mindset so that you can make the most of your dollars *and* your hours. Best of all, he provides a blueprint so that you can build the rich life you've always wished for." J.D. ROTH, Creator of Get Rich Slowly and author of Your Money
Being a blogger is one of the best ways to earn money online. Apart from this one can also make money by playing online real money games. Recently I have found a browser game – Wealth Words. It’s an online crossword gaming website where a user gets real cash money for solving the crossword puzzles right. You can add this to the list as well! It’s really entertaining to play and win.
When you say $250k-300k in annual passive income.makes life really really good, are you referring to gross income or after tax income. In fact, some clarity around before or after tax income levels would be helpful for all the dollar figures in this post. The new tax structure significantly affects people in the Blockbuster FI cayegory, mostly on adverse ways, so.i am curious about of the targets change based on before or after tax income, especially of one does not have a small business owner properties to use for tax write offs. Thanks
If you’ve got experience and expertise in a specific area of business, there are hundreds if not thousands of business owners who would love to jump on a phone call and pick your brain. This can be an easy way to make extra money online and to hone your skills to use in your consulting or freelance business. Sites like Clarity.fm let you create a profile where entrepreneurs and business owners can pre-pay to book a phone call with you for a set amount of time. Whether you’re an expert in raising money for startups, building apps, or running a restaurant, you can make extra money selling a few minutes of your time to people in need.

Has anyone ever told you you have a voice for radio? Are you great at creating original characters with just your voice? There are tons of people looking to pay for quality voice overs for their corporate videos, animation series, or educational videos. Check out Fiverr and UpWork or create a profile on a specialized site like Voices.com or The Voice Realm to get started making money online doing voice overs.

How can I be financially healthy


To graduate into the temporary stage of financial freedom, you must spend less money than you earn and create a pool of savings. Otherwise, you will be forced to continue working indefinitely because your lifestyle depends on your employment income. As you begin to save a portion of your income, you might invest your savings in a diversified investment portfolio to produce a regular stream of income. Or, you might start a passion business on the side, creating another stream of income.
For anyone thinking of renting out their place via AirBnB, just check to make sure that it is legal where you live. I live in NYC and AirBnB is illegal here because a short-term rental for under 30 days is only allowed if you are a legal hotel. If caught renting or even advertising your home within the five boroughs of NYC on AirBnB, you could incur heavy fines for running an illegal hotel. Plus, most neighbors in apartment buildings don’t want strangers tramping in and out of their buildings all the time, so there could be trouble from people making complaints. So, check the laws where you live if that’s what you want to do!
When a taxpayer records a loss on a passive activity, only passive activity profits can have their deductions offset instead of the income as a whole. It would be considered prudent for a person to ensure all the passive activities were classified that way so they can make the most of the tax deduction. These deductions are allocated for the next tax year and are applied in a reasonable manner that takes into account the next year's earnings or losses.
Therefore, they have no idea what it takes to achieve financial independence and buy into the great myth that good students go further in life. They pitifully measure analytical intelligence only and not the creative intelligence that is responsible for sparking innovations, societal advancements and the opportunity to craft solutions in niche markets that everyone else misses.
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