Building Wealth For Financial Independence and Retire Early
Fireman As set out in this post Building A $500 A Month 100k Stock Portfolio the plan is to put together a portfolio of stocks with the specific goal of earning $500 per month or $6000 per year. After 4 months it’s starting to take shape with a few good dividend stocks that were bought during … Read more
Setting investment goals is one of the fun things I get to do as an investor.2022 comes with lots of uncertainty and many popular finance speakers predicting a possible fall or crash in both real estate and stocks.I won’t let any of this affect my planning both for income and building wealth and assets. Will … Read more
Forex December 2021 was a very quiet period for my Forex trading with not much happening other than some small trades and profits. Total Income from Forex trading for December 21 over three accounts was $1716. Options No options trading for December as the conditions for my setups were not met.It may be weeks or … Read more
Forex Another good month for my trading during November.I trade three accounts with three slightly different strategies and risk levels.This is also a form of protection in case there’s unforseen problems with one of the brokers.They’re all regulated by ASIC and are required by law to segregate traders funds, but who knows what may happen … Read more
The goal is build a stock portfolio that earns $500 a month of around $100k in 12 months by October 2022. After the first round of buying I’ve added five more more stocks to the portfolio buying in $2k and so this is the current status Stock Paid Appen $1996 Asia Technology Tigers $2000 Aurizon … Read more
Forex October was a good month for my trading.I trade three accounts with three slightly different strategies and risk levels.And they are with three different brokers. Forex brokers are not all the same and often quote slightly different prices for a short amount of time in fast moving markets. Total gains for Oct over the … Read more
As I set out to build a stock portfolio that earns $500 a month with a starting capital of $10,000 and getting to a total of around $100k in 12 months. The strategy is no to pour the whole $100k into the market on day one, or day 60 for that matter.Instead to look for … Read more
Here is my 12 month plan to build a stock portfolio that earns $500 per month in dividends.I estimated the value of stocks required to achieve a yearly dividend of $6,000 will be around $100,000. I won’t be using a lump sum of 100k, instead I will be slowly building up the portfolio and documenting … Read more
Earning an income is the first step to achieving financial freedom, so having a side hussle or a few can accelerate the process and reduce the time needed to achieve the goal of earning enough passive income to retire and be happy. Or just pursue your hobbies and passions without being to worried about how … Read more
Step one for the journey to financial retirement is having an income.Yep sounds basic, and still it needs to be said and repeated. You start with an income.Does not matter how it’s made, all that matters is that’s there’s money coming end at a somewhat regular pace to cover the general living expenses and a … Read more