Today is Blog Action Day and the theme for this year is poverty. Poverty isn’t always financial. In fact, I believe that poverty is multidimensional. It’s related to the four facets of prosperity: material, spiritual, physical, and social. Consequently, there are four kinds of poverty: material poverty, spiritual poverty, physical poverty, and social poverty. You [...]

A few days ago the Internet connection in my region was down for more than 24 hours. While it’s perhaps just because the connection is not so reliable, it reminds me of an important principle: do not depend too much on something. Or, in other words, don’t put all your eggs in one basket. In [...]

As an individual we are like a company. That’s one reason why I love to read business books: there are a lot of business ideas that can be applied at individual level.
But seeing ourselves as a company is not easy. It requires a new mindset and a new way to treat ourselves. If you do [...]

Passive income is our key to financial freedom. The more passive income we generate, the less dependent we are on our job. At one point, when our passive income exceeds our expenses, we can stop working anytime we want and still live the lifestyle we desire. That is financial freedom.
But passive income takes time to [...]

A few days ago I wrote about the two rules to achieve financial freedom:
1. When you work, work to build a system 2. When you buy, buy an asset
These rules help us build passive income which could eventually give us financial freedom. The first rule deals with how we should spend our [...]

Financial freedom is the dream land of personal finance. It is the freedom to stop working anytime you want and still be able to live the lifestyle you desire.
To achieve it, the key is passive income, which is the income you earn without doing active work. For instance, the interest of your saving account is [...]