How does someone actually get rich? Should they make more money at their jobs by working harder? Should they take on longer hours and more responsibility … all in vain hopes of getting a better raise or bigger bonus? Is your job even really the only way how to become independently wealthy? In this post I want to dig a little deeper into what it takes to actually become “rich”. People who have made it – whether they are in the top 100 of Forbes or even people that you know in real life - more than likely didn’t get there by running the rat race and working themselves to death. While that might be the case for a small fraction of individuals, I think you can find in just about any good book or biography that the successful … [Read more...] about How to Become Independently Wealthy … Outside Your Job
Achieving Financial Freedom
What is Financial Freedom – The Easy to Follow Explanation
The tagline to My Money Design has always been designing financial freedom. For as long as I’ve been into reading financial books and blogs about money, I’ve seen a lot of them try to answer the question of what is financial freedom. However, I feel as though the weight of this term often gets lost or trivialized. In this post, we’re going to layout a definition for financial freedom and explain where we need to focus in order to achieve it. … [Read more...] about What is Financial Freedom – The Easy to Follow Explanation
My Money Design for How to Achieve Financial Freedom – November 2012 Update
I was very pleased with the level of interest and positive reaction I received for my previous post on how I plan to retire early in Money Design update in October. However, that update was only merely a sketch of where I wanted to be. As I’m sure any designer can tell you, no blueprint is ever really complete until you put numbers to it – even if it’s a blueprint for your plan on how to achieve financial freedom. In this update, we’ll seek to build upon my earlier retirement income strategies by making some assumptions about how much money my family could expect to take in from our multiple developing income sources. Please feel free to compare my decisions and estimations to what you think would be reasonable for your own … [Read more...] about My Money Design for How to Achieve Financial Freedom – November 2012 Update
