I am a small animal vet in the Washington DC area. Vet school loans and housing have taken their toll. I would like to retire at 60 (I just turned 52), and reach budget or baseline. Blockbuster isn’t a reality. Choose your career well– I love what I do, but sometimes wish it paid more. Semi-retirement may also be an option. Thank you, Sam, for a great post (as always).

I’ve quit my $16 dollar an hour job after 15 months to be able to work from home at 24 years old, a 2 year old with another on the way. Due to following one of my mentors, telling me that work does not have to be a hassle to my lifestyle. He has given me a great method to be able to work from home to generate more than my bi-weekly paycheck. Which was around $800 dollars a week. Not bad I know, but the actual work was very harsh to any human being ha. He also told me it would only cost my time and effort, only about 3–4 hours a day. So every since I made my transition my life has become a breeze with much less stress physically and financially.


The average commission rate is $58 per the Shopify website. Shopify’s commissions are paid according to different metrics. For instance, if a referral signs up for the Shopify Plus enterprise plan (the highest tier), the payout is a flat $2,000. Referrals who sign up for the standard plan earn a $598 commission. The payout for a Basic account is $58. Commissions are calculated as follows: you will earn two times the monthly rate but only two months after the user has been a paying customer.
If someone receives $5000 in dividends from stocks they own, but their expenses total $4000, they can live on their dividend income because it pays for all their expenses to live (with some left over). Under these circumstances, a person is financially independent. A person's assets and liabilities are an important factor in determining if they have achieved financial independence. An asset is anything of value that can be readily turned into cash (liquidated) if a person has to pay debt, whereas a liability is a responsibility to provide compensation. (Homes and automobiles with no liens or mortgages are common assets.)

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.

How much money do I need for financial independence


As search engines have become more prominent, some affiliate marketers have shifted from sending e-mail spam to creating automatically generated web pages that often contain product data feeds provided by merchants. The goal of such web pages is to manipulate the relevancy or prominence of resources indexed by a search engine, also known as spamdexing. Each page can be targeted to a different niche market through the use of specific keywords, with the result being a skewed form of search engine optimization.
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!
Nice One, I would like to add another (and very important tip, for my opinion) idea for a passive income. Annuities. you can create yourself a Lifetime Incom Plan. it’s like a privet pensions if you do it the right way. you need to find one that is safe and affordable because lots of them are NOT GOOD (to say the least). the good ones will give you a guaranteed income for life.
The tradeoff in this scenario is clear. You can continue working to build a bigger pool of savings, which will provide additional income and flexibility for the remainder of your life. Or, you can leave your job as soon as possible and hope that a smaller portfolio will provide sufficient income. It’s all about finding the right balance given your personal situation.

Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. As with active income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS). Portfolio income is considered passive income by some analysts, so dividends and interest would therefore be considered passive.
PeerFly only has a limited number of products at the moment, but they have tremendous momentum and are growing by leaps and bounds. Their payout rates aren’t spectacular, but everything is upfront and transparent, and affiliate satisfaction is very high. PeerFly is perfect for authentic marketers who want to offer high-quality products to their visitors as opposed to “get rich quick” schemes and opaque offers.

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File-Sharing: Web sites that host directories of music, movies, games and other software. Users upload content to file-hosting sites and then post descriptions of the material and their download links on directory sites. Uploaders are paid by the file-hosting sites based on the number of times their files are downloaded. The file-hosting sites sell premium download access to the files to the general public. The websites that host the directory services sell advertising and do not host the files themselves.

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Affiliate marketing is commonly confused with referral marketing, as both forms of marketing use third parties to drive sales to the retailer. The two forms of marketing are differentiated, however, in how they drive sales, where affiliate marketing relies purely on financial motivations, while referral marketing relies more on trust and personal relationships.[citation needed]

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I started small, about 10% each paycheck would be taken out for my savings accounts. Half would go to my Vanguard retirement account and the other half to my savings. Then, I kept increasing it and diversifying where the money went. Anytime I go a raise or made side hustle income, I would do the exact same thing as soon as it cleared in my bank account. Now, I’m on track to save 30% this year of my overall income, which I would like to increase to 40% by next year.

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I just lost my job and given my age I don’t know when or if I’ll get another job. I can’t collect unemployment because I worked for a religious institution. It would help me out tremendously to be able to make about $800 a week as you do. Can you please help me and give me some straight up and complete information on how I can do this? Thanks, and God Bless!
I want to be solidly in the middle – i.e. comfort zone, in the next 5 years. Right now I could hit the frugal FI button likely in the next year or so, but would not be happy there. I like the idea of the continuum. My in-laws are shooting for blockbuster FI, but they both own tech businesses that are doing well…so their reality differs slightly from mine.

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The topic you choose must have enough depth that you can create a lot of content for it. This is important for building an authoritative site, for search engine optimization, and most importantly, for the end user. If you don't have enough content about a topic, you're not going to be taken very seriously as an authority on the topic and it's unlikely you can convince someone to make a purchase from you. 
Giving away a free informational product such as an e-book, an email series or a mini-course is a popular tactic many affiliate marketers use. Usually, your readers will have to provide their email addresses to receive the product from you. You can then use this to sell to them via email marketing. Additionally, an informational product can generate interest in the actual product you're trying to sell. If your product is popular enough and brings enough traffic to your site, you could also monetize the traffic in other ways, such as AdSense.

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Sara. I would like to hear more about how you spend your travel budget. My base at home expenses are pretty low ($25k CAD a year) and I do not deprive myself. I spend $60-75k a year on travel. The major factors to get that high are taking specialized tours and the very low CAD against GBP, EU, and USD. I do not stay in luxury hotels and I rent the cheapest cars and fly economy. I avoid cruises, resorts, casinos, islands, sports, mountain climbing, snow and ice, beaches, and look for art, architecture, archeology, history, jazz, food and wine. About half the time I take a specialized tour and the rest of time I tour on my own, usually by car. Sometimes, I travel with a friend.

What does financial independence from parents mean


Passive income differs from earned income and portfolio income in a variety of ways. Passive income is generally defined as a stream of income earned with little effort, and it is referred to as progressive passive income when there is little effort needed from the individual receiving the passive income in order to grow the stream of income. Examples of passive income include rental income and any business activities in which the earner does not materially participate during the year.
Colmex Pro is the leading European Regulated CFD Broker. Offering Tier 2 CFD’s, as well as Live Equities, Indices, Commodities, Futures, and Forex, Colmex Pro offers nearly every investment vehicle available on the US Stock Market to international day traders. Coupled with their partner’s educational packages and trade room access Colmex Pro offers investors the best opportunity to grow and learn how to day trade successfully. CPA up to $1000
The formula-lover in me wonders about doing something like this for defining these levels based on the avg income of cities. Your definition of “blockbuster FI” is being able to live anywhere in the world, which could be the point – but the low end of blockbuster could be wherever in the world you want to live. I like that idea of planning for options.
There are many strategies to achieve financial independence, each with their own benefits and drawbacks. To achieve financial independence, it will be helpful if you have a financial plan and budget, so you know what money is coming in and going out, have a clear view of your current incomes and expenses, and can identify and choose appropriate strategies to move towards your financial goals. A financial plan addresses every aspect of your finances.[2]

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Giving away a free informational product such as an e-book, an email series or a mini-course is a popular tactic many affiliate marketers use. Usually, your readers will have to provide their email addresses to receive the product from you. You can then use this to sell to them via email marketing. Additionally, an informational product can generate interest in the actual product you're trying to sell. If your product is popular enough and brings enough traffic to your site, you could also monetize the traffic in other ways, such as AdSense.

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These figures are partially due to a highly progressive tax code that was implemented in the mid 2000’s that really went after income levels above these thresholds. Further, I carefully observed my happiness level from making much less to making much more. Any dollar earned above $250,000 – $300,000 didn’t make a lick of difference. In fact, I often noticed a decline in happiness due to the increased stress from work.

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Later on, I managed to earn more money from Walmart.com as an affiliate and joined commission junction and other affiliate networks to earn more money in affiliate marketing. the one part I really find challenging is creating rich content for my site every day or every other day. This is when I focus on other things such as YouTube video marketing, writing periodicals online, and so on. But nevertheless, joining a multiple affiliate networks is good for anyone to do because you want to create diversify sources of income. Just be mindful that when you join multiple affiliate networks you’re not only keeping in touch regularly with the affiliate managers you partner with through those specific affiliate programs, assure also asking them questions often about how to create effective affiliate landing pages,, informative YouTube videos with your affiliate link in them, as well as asking your affiliate manager to offer any other kind of promotional tactics you can use to increase your affiliate commission potential. I am sick and tired of hearing some people say they never earn one dime in affiliate marketing. That’s absolutely nonsense because they’re lazy and don’t bother to do the extra work. If you’re building relationships with your target audience and affiliate managers, creating content for your site and engaging YouTube videos daily or every other day, and staying active with other marketers in the affiliate marketing community, there’s no reason for you to fail.. Simple as that!
One of the commenters said,”Writing your own eBook and designing your own products can be very rewarding, you just need to get your work in front of an Interested Audience. This may sometimes prove a little more difficult than originally anticipated.” That’s where I am. I have two websites with e-books and products, but I can’t figure out where to advertise or how to promote them. Any ideas would be appreciated.
I am not the poster boy suckup or the golden boy on the team. Those guys work on the new stuff and they attend meetings all day to show how busy they are. They do the dog and pony shows to mgmt. I make 172K a year and I only work 10-20 hours a week from home. When there are problems or after hours or late weekend work then it can be stressful. Being on 24×7 online support sucks but that is part of the job. I am the ONLY one that knows my systems so if they want to get rid of me than so be it. I just want to gracefully try my best to make it to 55 and just retire.
Our favorite platform for this is RealtyMogul because you get the flexibility to invest as little as $1,000, but can also participate in REITs and private placements – typically not offered to the public. Investors can fund real estate loans to gain passive income or buy an equity share in a property for potential appreciation. Their platform is open to both accredited and non-accredited investors.
According to decades of extensive research by Thomas J. Stanley, Ph.D., author of “The Millionaire Next Door,” the grades one earns in school have no correlation with the economic wealth and success other than in the medical and legal professions. That's not to say education isn't important—it is! More than 90 percent of American millionaires did, in fact, graduate with an undergraduate degree.
I know it can be scary to make change happen, but think about it: if you don’t take action now, what does your financial future really look like? All you need to do is take one step. Do one thing every day that will get you closer to your own financial dream — the key lies in taking action. You simply cannot have something without doing something to earn it. So, if you truly want it, ladies, it’s yours for the taking.
It’s funny you mention the different psychological levels of financial independence. I read a lot of blogs and there is this one Blogger who goes on every single other blog and shouts from the top of his lungs that he is a multimillionaire. But he has no self-confidence because his wife still works. His writing oozes insecurity probably due to the lack of friends, lack of success from his site, and lack of purpose. He also likes to write about his investments, but he’ll only publish his winners and never his losers and he’ll never talk about them when he does make an investment.
“The first step is to identify what you want to do in 5, 10, 20 years,” she said. “Where you want to be geographically, what you want to do, what you want your family to look like. Once you know that, you can mold your money to match what you want. Why do you want FI? I would write it down. And if you have a family or a partner that you live with, bring them in the conversation.”
I started a blog which I plan to monetize only through affiliate marketing and my own products, no ads. I’ve been working on building an audience for my blog, for about 1 year and a half, many people think is maybe too much time, but I just want to make sure that I build enough trust with my readers before I start to try to make them buy something.

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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…
You can put up banners on your site, to promote your affiliate offers. Most affiliate programs will usually provide their own creatives when you sign up for their offers. All you have to do is insert the banner on a highly trafficked page (your affiliate tracking is usually embedded within the code). Banner ads in the right locations can do a great job of driving sales.  
To me the biggest reason for not quitting my job before have close to $10M is the cost of raising kids. I don’t see how it will work out for folks retiring at 35 with $1M saved if they plan to raise a family. Providing a good life, after school activities, travel opportunities, college, etc. I assume I’ll spend at least $1M per child to raise them from birth through college. (The average is ~$250,000 to get them just through high school and that doesn’t include many of the things I hope to do as a family)
Also known as a publisher, the affiliate can be either an individual or a company that markets the seller’s product in an appealing way to potential consumers. In other words, the affiliate promotes the product to persuade consumers that it is valuable or beneficial to them and convince them to purchase the product. If the consumer does end up buying the product, the affiliate receives a portion of the revenue made.

​If you pay your bills with a credit card make sure it offers cash back rewards. You can let your rewards accrue for a while and possibly put the easy money you earned toward another passive income venture! (Be sure that the card you select doesn’t have an annual fee or you might be cancelling out your rewards). Check out this list of the best Cashback Rewards Cards.
To do so, donate your most precious asset: your time. Bring your family to a local soup kitchen, foodbank, or homeless shelter. Tutor less-privileged children in your city. Help the elderly with groceries or in-home care. Work on low-income houses with Habitat for Humanity. There are more resources than ever to help you contribute beyond yourself in a meaningful way; just do an Internet search for volunteer opportunities in your area.
In the past, large affiliates were the mainstay, as catch-all coupon and media sites gave traffic to hundreds or thousands of advertisers. This is not so much the case anymore. With consumers using long-tail keywords and searching for very specific products and services, influencers can leverage their hyper-focused niche for affiliate marketing success. Influencers may not send advertisers huge amounts of traffic, but the audience they do send is credible, targeted, and has higher conversion rates. 
At the beginning of this year, as I was setting investment goals I came up with $2.4M as the amount of liquid cash needed for me to say “I quit!” That would put me in the Baseline FI category. It would take a truly horrible job for me to quit and settle for budget FI. I don’t think I could handle being FI on a tight budget for too long because I would get bored due to not having enough money to pay for experiences/travel which currently bring me a lot of joy.
I am a small animal vet in the Washington DC area. Vet school loans and housing have taken their toll. I would like to retire at 60 (I just turned 52), and reach budget or baseline. Blockbuster isn’t a reality. Choose your career well– I love what I do, but sometimes wish it paid more. Semi-retirement may also be an option. Thank you, Sam, for a great post (as always).

Good article Sam on fine-tuning the FI tribe. It maybe the dream among FI folks to be at “blockbuster” level – also called FatFIRE in Reddit subs- but it’s actually not necessary to kill your self in the rat race for it if one is worried. Expenses play a huge part, of which, just housing alone is a big driver in FIRE comfort scale. Saving even only $500 a month in housing costs (either downsize or move to a LCOL place) can move many people into a very comfortable FIRE position. From leanFIRE, they can move to baseline FIRE quite easily after they save this much in housing. I know folks who have done this in Asia, and no, you don’t need to move to crazy place like Pyongyang to be a king. Nice locales in Malaysia, Thailand, Ecuador, India and even Eastern Europe are all available if people are open to it. It’s not everyone’s cup of tea though.
Industrialization emphasized the role of technology. Many jobs were automated. Machines replaced some workers while other workers became more specialized. Labour specialization became critical to economic success. However, physical capital, as it came to be known, consisting of both the natural capital (raw materials from nature) and the infrastructural capital (facilitating technology), became the focus of the analysis of wealth. Adam Smith saw wealth creation as the combination of materials, labour, land, and technology in such a way as to capture a profit (excess above the cost of production).[10]

Great goals! It’s nice to see your journey play out. Since you are now talking about Thailand in your early retirement plan I thought I would point you to someone very interesting. When you have a minute, google “Paul Terhorst.” Since you are traveling in FI circles, you’ve probably already come across his name and read his book “Cashing in on the American Dream: How to Retire at 35.” In case you haven’t, he and his wife retired at the age of 35 back in the 80’s with about $500k. They have been perpetual travelers ever since – spending significant amounts of time in Thailand, Argentina and other parts of the globe. He would be a wonderful person to feature on your next podcast if you can get him. I consider him to be one of the grandfathers of the FIRE movement.
In hindsight, it's obvious there have been better times to invest than others. But since no one knows what the future holds, you can't know when that will be in the future. Plan to invest no matter what the market is doing. If you're investing periodically, you'll be dollar cost averaging into the market, which will minimize the risk you're taking should the market decline.
Having no debt during retirement is an absolute must for me but I still wouldn’t be able to deal with budget FI. Having ~$40,000 a year to pay for health insurance, property/car insurance, gas, food, utilities, internet, cellphone, etc. doesn’t leave much for fun stuff. I look at FI as the ultimate goal. Goals are supposed to be the best situation I can strive for based on my personal wants. Baseline FI would allow me to pay all the bills AND have fun. Whereas budget FI is allowing just enough to cover expenses.
Previously known as Affiliate Window but now officially referred to as “AWIN” after acquiring Zanox a few years ago, this network claims to work with over 13,000 active advertisers and 100,000 publishers (affiliates). Founded in Germany, AWIN’s merchants primarily hail from Europe (especially Great Britain) although the U.S. network is growing rapidly. AWIN is currently active in 11 countries.
A browser extension is a plug-in that extends the functionality of a web browser. Some extensions are authored using web technologies such as HTML, JavaScript, and CSS. Most modern web browsers have a whole slew of third-party extensions available for download. In recent years, there has been a constant rise in the number of malicious browser extensions flooding the web. Malicious browser extensions will often appear to be legitimate as they seem to originate from vendor websites and come with glowing customer reviews.[32] In the case of affiliate marketing, these malicious extensions are often used to redirect a user’s browser to send fake clicks to websites that are supposedly part of legitimate affiliate marketing programs. Typically, users are completely unaware this is happening other than their browser performance slowing down. Websites end up paying for fake traffic number, and users are unwitting participants in these ad schemes.
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