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…
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…
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…
We have only limited resources, be it our time, money, or attention. So to get the most out of them, it’s important to invest your resources in only the most profitable places. The 80/20 principle can be very useful here.…
What do you have in mind when you hear the word “prosperity’? Many people associate it with being wealthy, and there is nothing wrong with that. But I believe prosperity is more than just being wealthy. Recently, I found a…
I just finished reading The Bogleheads’ Guide to Investing, and it is the best personal finance book I read this year. The book is very practical with tons of useful tips. It’s also witty which makes it fun to read.…
We can improve our personal productivity by applying the the Pareto principle or Parkinson’s law. But why not going further by applying the Long Tail concept? The Long Tail is a term coined by Chris Anderson to describe how entities…
Finance is definitely an important part of our life. It’s impossible to be an effective person without being effective in our finance. One of the main issue in finance is determining whether to spend or not. This is an important…
Several weeks ago, I wrote a list of competencies that can help you become a versatilist. Here is one of them: An awareness of accounting, finance, and marketing fundamentals. I’m not a finance and business person, so this is definitely…