Building Wealth For Financial Independence and Retire Early
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
As I look around on forums and blogs I see many theories and arguments about weather paying your home off is better or worse in the long term.I can say without a doubt that for me having my home or principle place of residence fully paid was on of the biggest factors in my financial … Read more
Yes I know what you’re thinking. Most people think “No that’s not true!”, “You don’t need money to be happy”.And yet the vast majority of people are constantly worried about money issues.Financial issues is the biggest reason for divorce and couples splitting up. It’s also the biggest source or arguments between couples and family. So … Read more
I started my FIRE journey a lot younger than others.As a teenager just getting into the official work force I was already thinking ahead of retiring by forty years old.Why forty? Well that seemed to be the age that I kept hearing from others being mentioned often as a grand goal and an achievement of … Read more
During my journey to retirement, looking around and talking to people I’ve often come across people who say things like “it’s not about the money” or “I don’t talk figures” and “I only talk percentages” and “It’s about achieving your goal”. Yes they are all correct, but at it’s core basis FIRE is about the … Read more