In my previous article I discussed the importance of making your money work for you by investing in wealth-generating assets. In this article I want to focus on the importance of investing in cash-generating assets in particular. While you can grow immensely wealthy from assets that appreciate in value without providing you a stream of …
It is a common saying in today’s world that “if you want money, you need to work for it”. True, putting in your time and effort at a job or business is one way to make money, but it is not the only way. So many people neglect the other way to make money: investing …
Image by 1459604 from Pixabay Chinese pavilions are beautiful structures that typically consist of pillars supporting a roof that provides shade and shelter. There are no walls, so the combined strength of the pillars must be strong enough to hold up the roof. Because there are multiple pillars, if any one pillar breaks, the other pillars could still …
Feudal Europe Less than two hundred years ago, much of the world still operated under the land ownership system established independently throughout history. Although industrialization was well underway in Western Europe, the landed aristocracy still retained a great degree of wealth, deriving income from the land they owned. Many other societies had not yet experienced …
Photo by S Migaj on Unsplash Achieving financial freedom early in life provides you with the opportunity to live life on your own terms. Most people are tied down to jobs until their 60’s or 70’s, and when they finally do retire, most of their time in the world is gone. If decades of wage slavery hadn’t beaten …
When considering which side hustle(s) to take up, you should consider if it’s something you would enjoy doing, if it pays well per hour, and perhaps if it could be scaled up into your own business or self-employment situation. In this article I want to share 6 side hustle ideas that can be fun to …
Whether you’re self-employed, work at a regular job, own your own business or retired, it’s always nice to have sources of passive income. Passive income is so attractive because, by definition, it requires little to no effort to earn and maintain. This does not mean, however, that it’s just money falling from the sky. In …
Photo by Luca Bravo on Unsplash Having online sources of income is a good financial safety net for anyone in the 21st century. If you become very successful, you not only have additional sources of income, but you can quit your 9–5 job and live financially free, with the choice of pursuing whatever else you are passionate about, …