Now, if you don’t know people who might want your coaching services, there are a number of online tools and communities that make it incredibly easy to find clients and teach, on just about any topic area you can think of. Community driven platforms like Savvy.is, Clarity.fm, and Coach.me provide you with a network of potential clients to interact with, as well an integrated payment solution.
You can absolutely use websites like eBay and Etsy! Try listing some items and making a professional Facebook page for yourself with a link to your eBay/Etsy pages. Then share the information with friends and family and get them to spread the word to people they know. Also, make sure that you have detailed descriptions and multiple pictures with anything you list online. This will help your listing show up in keyword searches, and you are more likely to sell something if the buyer knows a lot about what they are looking at.
My husband retired from the military after 20 years of service last summer at age 38 – his guaranteed income is appx $67k per year for life (tax free and subject to COLA), and he gets an additional $17k the next 4 years under the GI Bill while he’s in school. We have appx $450k invested, no debt, and guaranteed health insurance for life with no monthly premiums, $150 annual deductible and $3k annual catastrophic cap. We have one child, age 5, who will receive free college tuition if she attends a state University in our state of record. We do have appx $25k in a brokerage account for her for addtl college expenses. My husband is considering not working after he finishes school, or working a ‘fun’ part time job. We live in the Midwest, where cost of living is ok (much better than our last duty station in CA!). I work a ‘fun’ part time job bringing in about $1k/mo. Curious on your thoughts as to where this puts us. And, do we figure my husbands ‘pension + benefits’ in our networth?
There are many ways to get people onto your list. Lead magnets are one such resource. For example, you can build ebooks, checklists and cheat sheets. But you can also do content upgrades, such as PDF versions of an article with added resources in them, four-part video training series, and more. Think about your audience and what you can offer them to better serve them, then treat them with some respect and you'll eventually reap the rewards.
Risk: If you invest in an account insured by the FDIC, you have no risk at all up to a $250,000 threshold per bank. The biggest risk is probably that interest rates tend to fall when the economy weakens, and in this case, you would have to endure lower payouts that potentially don’t earn enough to beat inflation. That means you’ll lose purchasing power over time.
Business owners represent a disproportionately large segment of the millionaire population. It's hard to believe, but there's a good chance that the biggest hardware store owner or plumber in your town has a net worth many times that of the highest-paid doctor. Part of the reason is a concept we've discussed called capitalized earnings. Another reason is one Dr. Stanley mentioned in his book. Doctors are pressured to buy status symbols to convince their patients they are successful. Not the plumber. He can put more money into his retirement accounts. Over decades, the result is millions in additional wealth for the guy who unclogged toilets instead of arteries. That's not something you learn about in school.

After you link all your accounts, use their Retirement Planning calculator that pulls your real data to give you as pure an estimation of your financial future as possible using Monte Carlo simulation algorithms. Definitely run your numbers to see how you’re doing. I’ve been using Personal Capital since 2012 and have seen my net worth skyrocket during this time thanks to better money management.


Planning for retirement, or even financial freedom, is a marathon and not a sprint, as the saying goes. Breaking up your financial independence goals into small chunks can help keep you on track while making the process a bit more manageable and, hopefully, a little less stressful. Even if you are starting small, the important thing is to get started.
Get samples. When you first start out as a freelance writer, it can be hard to get work without any published samples. However, it is possible to get quality samples if you are willing to do some writing for free. First, you can publish content on your own blog or website. Also, you can write guest posts for someone else’s blog. Finally, you can write blog posts for free in exchange for a byline.[20] 

Vital Pieces Of Financial Freedom


The U.S. Internal Revenue Service categorizes income into three broad types, active income, passive income, and portfolio income.[1] It defines passive income as only coming from two sources: rental activity or "trade or business activities in which you do not materially participate."[2][3] Other financial and government institutions also recognize it as an income obtained as a result of capital growth or in relation to negative gearing. Passive income is usually taxable.

Assuming you are doing pretty well and are happy with your current standard of living, what would you need to maintain your standard of living in retirement? Knowing you are on track to accumulate a nest egg to support that lifestyle is a big win. Gold medals go to those who have accumulated enough assets, or passive income streams, to be in a position to retire well.

Financial Freedom The Ultimate Convenience


When you lack the luxury of time, making money on or offline can seem like an impossible task. How are you supposed to do that when you're working at a life-sucking nine-to-five job? While the stability of full-time employment might allow most to sleep well at night, it doesn't empower your creative juices to search for new income-producing strategies.

​I’ve been into home décor lately and I had to turn to Etsy to find exactly what I wanted. I ended up purchasing digital files of the artwork I wanted printed out! The seller had made a bunch of wall art, digitized, and listed it on Etsy for instant download. There are other popular digital files on Etsy as well such as monthly planners. If you’re into graphic design this could be an amazing passive income idea for you.
27. Sponsored/paid posts – Many blogs publish sponsored and paid posts. Sponsored posts are basically just posts about a specific brand, product or service. A company will pay you to publish an article about it. It’s similar with other paid posts as well. Your basically selling the spot for the article on your site. If you decide to take this route, you’ll want to build your traffic before you will get many offers.
And while it will take time to build up a big-enough audience to attract advertisers and other ways to make extra income from your podcast, the opportunity is there. John Lee Dumas interviews entrepreneurs seven days a week for his podcast Entrepreneur on Fire and now makes more than $200,000 a month from it. In fact, John publishes all his income online and showed that he’s made almost $13 million since launching in 2012.
The rise of irrigation and urbanization, especially in ancient Sumer and later Egypt, unified the ideas of wealth and control of land and agriculture. To feed a large stable population, it was possible and necessary to achieve universal cultivation and city-state protection. The notion of the state and the notion of war are said to have emerged at this time. Tribal cultures were formalized into what we would call feudal systems, and many rights and obligations were assumed by the monarchy and related aristocracy. Protection of infrastructural capital built up over generations became critical: city walls, irrigation systems, sewage systems, aqueducts, buildings, all impossible to replace within a single generation, and thus a matter of social survival to maintain. The social capital of entire societies was often defined in terms of its relation to infrastructural capital (e.g. castles or forts or an allied monastery, cathedral or temple), and natural capital, (i.e. the land that supplied locally grown food). Agricultural economics continues these traditions in the analyses of modern agricultural policy and related ideas of wealth, e.g. the ark of taste model of agricultural wealth.
I think the author means well and I think his story of going from dead broke to millionaire in 5 years is awesome. As he mentions, he did that with some sacrifices, including personal relationships. I wish he would have spend more time digging into this and its importance, as I feel like many people struggle with this. I think it's a great book for him to tell his story and what worked for him, but I think he should leave the financial advice to those that are much more familiar with how this stuff works. If you're looking for a similar book, but much better, I would recommend Set for Life by Scott Trench. For those interested in real estate, the section in this book on real estate is generally weak in my opinion. I agree with the author's position on putting less than 20% down in certain situations - his examples of why on this are right on. In general, though, I would suggest checking out BiggerPockets for in-depth real estate investing info.
If you have a propensity for writing and you can slay with your prose, consider writing an ebook. While the market has certainly become saturated as of late, books that help teach people about a technical topic still sell extremely well. This is a great source of passive income but does require a large amount of effort at the outset before any money is generated.
Take surveys. You can earn $50 to $100 per month in cash and products by taking online surveys. Find survey sites by searching for “paid survey sites” online. Sign up for several survey sites to increase your chances of being selected for higher-paying surveys. Register with an email address, and check your email often so you can respond quickly to survey offers.
It’s insane how much money you can make flipping items (buying a deal and then selling at a big profit). You know all those people who are selling things on eBay? Well, some of them are making tens of thousands of dollars a month doing it. Sound like a lot of work? It’s really not. The key is building a good strategy for finding, buying, uploading, and shipping items.
Rental properties are defined as passive income with a couple of exceptions. If you’re a real estate professional, any rental income you’re making counts as active income. If you’re "self-renting," meaning that you own a space and are renting it out to a corporation or partnership where you conduct business, that does not constitute passive income unless that lease had been signed before 1988, in which case you’ve been grandfathered into having that income being defined as passive. According to the IRS's Passive Activity and At-Risk Rules, "it doesn't matter whether or not the use is under a lease, a service contract, or some other arrangement."
That’s a pretty good breakdown. Budget financial independence is where I’m currently trying to reach. I should be there within a few years. Then baseline would be my next and final goal. I am happy with a $3 million portfolio indexed to inflation. :) Of course one way to feel like I’ve reached blockbuster level is to live abroad somewhere like Thailand. With a lower cost of living the same amount of passive income can go further.

When you lack the luxury of time, making money on or offline can seem like an impossible task. How are you supposed to do that when you're working at a life-sucking nine-to-five job? While the stability of full-time employment might allow most to sleep well at night, it doesn't empower your creative juices to search for new income-producing strategies.

Get samples. When you first start out as a freelance writer, it can be hard to get work without any published samples. However, it is possible to get quality samples if you are willing to do some writing for free. First, you can publish content on your own blog or website. Also, you can write guest posts for someone else’s blog. Finally, you can write blog posts for free in exchange for a byline.[20]

Vital Pieces Of Financial Freedom


Understand how a niche website works. A niche website focuses on very targeted, specific information. The content must be specific, useful and interesting to your target audience. Successful niche websites get anywhere from 1,000 to 10,000 visitors per month.[5] You build content on a particular keyword, and you make passive income with Google Adsense or through affiliate links.[6]

The Top 10 Most Asked Questions About Financial Freedom


- Bonds vs. Bond Funds: p. 289 says "One nice feature of bonds is that you know exactly how your bond investments will grow each year, so the income is guaranteed." Is it? No, no it's not at all - especially if you're using bond FUNDS like the author suggests. If you hold an actual bond to maturity, it works slightly differently. Either way, that bond income is not "guaranteed."
The much loved model for bloggers and content creators everywhere and for a good reason…it’s pretty easy to write a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest posting and your own SEO optimized blog, and well you get to keep a large whack of the pie after paying affiliates.  Hells yeah!  Continue reading >
Now, it’s time to plan out your show. If you’re doing an interview-style show, you’ll now want to start getting some guests involved. You can use your existing social network to reach out to people you already know or are connected with on Twitter or Facebook. You can also head to Medium or Amazon to find authors or experts on topics specific to your niche.

What means time freedom


Very useful and interesting ideas. To make a passive income is not an easy task as someone may say. It requires responsible approach and a lot of effort.I, personally, think of generating revenue from rental properties. And I was considering Queens in NY. However, I hadn’t even thought about trying index funds before your post, but now I believe it might be a good idea. Thus, thank you for sharing.
Those with the least amount of wealth are the poor. Most of the institutions that the poor encounter discourage any accumulation of assets.[36] Lower class members feel more restrictive in their options due to their lack of wealth. This could lead to complications in solving their personal dilemmas, as predicted by the Class Structure Hypothesis. There are many societal standards and designs intentional sabotage and shortcomings to explain the persistent state of yearning and want the lower classes generally experience with their lower quality and quantity of assets. Typical causes are persistent unethical/harmful mentalities and criminal tendencies: misguidedly similar to the upper class in some cases. Many individuals that are in the lower class stay in that class and very few move up in class. Many people in the lower class group believe there isn't such a thing as equal opportunity.
If you want to add a little excitement to your passive income investing, meet Lending Club, the web-based peer-to-peer lending platform where investors looking for high-interest opportunities provide the funds for loans. You can earn interest rates in excess of 10 percent a year – about 10 times what you will earn on more conventional interest-bearing investments.

Social class is not identical to wealth, but the two concepts are related (particularly in Marxist theory), leading to the combined concept of socioeconomic status. Wealth refers to value of everything a person or family owns. This includes tangible items such as jewelry, housing, cars, and other personal property. Financial assets such as stocks and bonds, which can be traded for cash, also contribute to wealth. Wealth is measured as “net assets,” minus how much debt one owes. Wealth is a restrictive agent for people of different classes because some hobbies can only be participated in by the affluent, such as world travel.

Financial Freedom Changes 14 Actionable Tips


By paying myself first I was able to accomplish two goals – being able to invest and then spend less overall since there was less money in my account after the month was over. I made sure that savings were definitely happening, and I had peace of mind that money was actually being saved. The great thing is, once you get this started with the right funds, you then have it automatically taken out, which is even less work for you to manage.

financial freedom budget


Most people believe the key to wealth is a high-paying job. Yes, it's easier to amass assets if you have more money coming in each month, but one key to increasing your net worth is to spend less than you make. Ultimately, spending habits are the reason a professional athlete making $20 million a year can quickly go bankrupt while a bus driver can retire a multi-millionaire. It can be a cliche but it is a fundamental reality of money.
If you are self-employed, that just means you have a lot of “bosses” that you serve. So, periodically ask those “bosses/clients” how you can better serve them. I have done this in the past through simple surveys. I simply ask what challenges they are facing and how I can better serve them. The better you can serve people, the more value you bring to the table, the more it helps you become a higher earner.

No matter what method you choose to make money online, understand that you might be able to make some money fast, but for the sizable returns, you'll need significant sweat equity. However, a year from now, you'll be happy you started today. Remember, time is far more valuable than money. Focus on creating passive income streams that will free up your time so that you can quit the rat race and focus on the things that matter. 
Wow! What an awesome list Jeff! My favorite is the stock photography as I love photography. I have 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 of the platforms you mentioned above. Thanks for the awesome ideas above!
Sign up for a reputable affiliate network: Aside from Amazon, there are dozens of large reputable affiliate networks, such as Share-A-Sale, Clickbank, and Skimlinks, that specialize in connecting you with merchants who are looking for affiliates to sell their products. They charge relatively low commission fees for the privilege of connecting you with merchants, and the merchants on these sites tend to offer much higher commission percentages or set dollar amount payouts.

financial freedom by grant sabatier


I personally have been working and investing through a couple of recessions – the tech boom and bust, and the recent Great Recession. Most people got nervous, went to cash, stopped contributing, etc., during these periods. The past investing decade has been really smooth. I’m not sure how everyone who achieved financial freedom will feel when we get back to more normal volatility.

Dont Just Sit There Start Financial Freedom


I feel like if I am not happy/content with a million dollars … I am probably not going to be happy with 2 or 4 million either. My goal is to generate as sum passive as my expenses (inflation adjusted). There is always the fear of unknown. That being said I would not some more money. My plan is to establish a foundation which provides educational scholarship. There is a reason for my frugality :-)
The underlying assumption is that we should all follow the same linear path from childhood until death, spending the majority of each day at work, trying to climb the ladder, to get a raise, to buy a bigger house, to fill it with an abundance of unnecessary possessions that provide very little satisfaction. Only after retiring is there freedom to explore, relax, or spend time with the people we love and cherish.
If an investor puts $500,000 into a candy store with the agreement that the owners would pay the investor a percentage of earnings, that would be considered passive income as long as the investor does not participate in the operation of the business in any meaningful way other than placing the investment. The IRS states, however, that if the investor did help manage the company with the owners, the investor's income could be seen as active since the investor provided "material participation." 
Me and my wife consider that a pasive income of 2000€/month.. so 44.000€/year would be great and we would consider financial independent in this case.. Having in mind that average income for a working person in Romania is ~8700$/year we consider that our target of ~2400$/household/month would be great because you can have an above average lifestyle..
We also keep our Safety Nets in our Betterment accounts. We do this for two reasons: 1) the money is liquid, which means we have instant access to our Safety Net if we need it, and 2) when the money is sitting in a separate account, it is less tempting to access than if it’s in our bank accounts (plus it earns a better interest rate in a safe, conservative way).
I’ve explored for some time, made small investments over the years which I will say none of which panned out. I’m nearing the end of a long lucrative career as a hairdresser and honestly would love some peace at home and bring in a passive income. Would love to hear whats made your life as a mom better. Congratulations on your up and coming newest little member to your clan.
The easiest and best way to shield your income from taxes is retirement plans. If your employer offers a 401(k) plan at work, put as much of your income into it as you can afford. At a minimum, invest up to the amount that will get you the maximum employer matching contribution. For example, if your employer offers a 50% match (3%) up to a 6% contribution by you, you should contribute at least 6% – and of course, more is always better.
Hi Deanna – That’s always a possibility, but you can’t spend too much time worrying about it. After all, it’s common for people to read a book, then pass along to someone else. If your work can benefit someone else all the better, it isn’t all about making money. And on the brighter side, you can gain a new fan in the person on the receiving end of the ebook. It’s a problem, but not as big as you might think.

I want to thank you for the great article. I was looking online for some inspiration to re-ignite my side-hustle and breathe some new life into my existing efforts. Your ideas here are fabulous and I’ve made notes on seven of them. I already have a lot of the concepts started, but you have given me the spark I was looking for to keep moving forward. Thanks for the help!

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Those with the least amount of wealth are the poor. Most of the institutions that the poor encounter discourage any accumulation of assets.[36] Lower class members feel more restrictive in their options due to their lack of wealth. This could lead to complications in solving their personal dilemmas, as predicted by the Class Structure Hypothesis. There are many societal standards and designs intentional sabotage and shortcomings to explain the persistent state of yearning and want the lower classes generally experience with their lower quality and quantity of assets. Typical causes are persistent unethical/harmful mentalities and criminal tendencies: misguidedly similar to the upper class in some cases. Many individuals that are in the lower class stay in that class and very few move up in class. Many people in the lower class group believe there isn't such a thing as equal opportunity.
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.

What jobs do millionaires have


I find it easy just to figure out what lifestyle you want, what it costs, and then make that your monthly nut. We relocated to a low cost-of-living midwest community, with excellent schools, and a medium-sized city within a 30-minute drive. My military retirement covers about half of our nut and we’re making up quite a bit more than the other half with work / contracts we’ve landed. We will save the remainder, pay off our house so that reduces our nut even further, then start jamming enough money into passive-income generating investments so that we can quit working entirely if we want, though work right now is interesting enough and is on terms that we set, so I’m not in a hurry to quit working anyway. As always, Sam, a good piece that I enjoyed reading…

I’ve enjoyed your podcasts. I’d been reading the MMM blog for some time and recently started Jim Collins blog. I love Jim’s investment series. I’m so glad that your readers suggested Paul Terhorst and the Kaderli’s for interviews. I had thought of suggesting them as we’ll and I hope you will be able to arrange them. Some other suggestions for podcast interviews: Charles Long, author of How to Survive without a Salary. I have three editions of his book and still learn something with each rereading. Also Steven Catlin who wrote Work Less Play More, which included a focus on semi- retirement and extended time away from work.
As for Joshua & Ryan, we both use an online-investment tool called Betterment as our personal savings, planning, and investing software. Using Betterment, which costs nothing to set-up and has no minimum-balance requirements, we’ve learned how to invest in our future selves by setting aside a percentage of our income without even noticing it’s gone.

financial freedom before 30


True, he could do that, but then what would he actually do? Kids are great, but until they get a bit older, they’re boring. Plus, he’s already said that this blog is already his passion project, so why give that up? Finally, this could serve as a last defense against a great depression. If stocks suddenly go in the negative, people are still going to have some free time to look stuff up online. This blog could then be the difference between him having to go back to work or being able to maintain some semblance of his lifestyle and still feed his family.
In fact, the FIRE community seems to focus less on the “retire early” aspect of the movement and more on the financial independence component, “which is a powerful aspirational goal that is readily achievable if people are willing to make some small, but important, optimizations in their lives,” said Jonathan Mendonsa, co-host of the ChooseFI podcast. 

financial freedom and happiness


I wanted to specifically call out one particular strategy within equity investing that bears mentioning – dividend growth investing is when you focus on stocks that not only pay a dividend but have a history of strong dividend growth. When I was first building my portfolio of individual stocks, I focused on buying companies with a history of dividends, a history of strong growth, and financials that supported a continuation of both.
Thank you for the article, jlcollinsnh. I’ve always been a firm believer of making smart decisions in purchasing property, however, after doing further reading I am beginning to believe in renting instead of owning. The flexibility would be prized, but I believe the fixed cost is the best aspect. Planning my expenses for the future is troublesome at times, but this change would take out a large variable.
Did not realize that there is a huge community exist for FI online. A bit embarass at myself for still working when I have almost 1M USD and my living expense (excluding travel) is 1K per month. I spend maybe 8K a year on travel for mileage running, flying parents in business class etc from the miles game hobby. This blog gives me serious encouragement to quit in a few years… When I do quit, I will move back come to cut my living expense further (single), and I take my parents to travel using the miles and points I earn. (took them to Arctic last month, and cross country road trip in Australia.)
23. Affiliates – There are many affiliate networks, such as FlexOffers and CJ Affiliate that allow you to promote other people’s products and services. You simply put a link or a banner on your page and then you get a percentage if someone clicks through and buys the product/service. You’ll want to select products that are specifically within your blog’s category.This is an effective way to earn money once you have the traffic coming to your blog.
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