In the following video Mark Tilbury talks about how he was able to retire in 7 years. (But it isn’t easy). He explains that the word “retirement” should be replaced with the word, “freedom”. Once you reach the “tipping point” when you have enough money to stop working you have true freedom. But that doesn’t mean the you have to stop working. It simply means that you can work on the things you truly enjoy.
How to Retire in 7 Years Read More »
Learning to manage money is an essential life skill that impacts every stage of a child’s development. Children can begin to understand the role of finances in family life from a young age. Age-appropriate lessons can help them become financially literate and prepared to handle income and spending as they become young adults. Here are some ways to train your kids how to manage money.
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If you’re concerned about your current income, you should try to develop some sort of business that isn’t dependent on the number of hours you invest. The key to breaking free is to develop some sort of “passive income” stream. This could be rental income, investing income, writing, photography, or an online business.
Creating Business Opportunities Read More »
There are many ways to generate extra income, and the key to a secure retirement is to generate a source of passive income, whether that be stocks, real estate or a business. The key is to develop a system that will work for you so that rather than trading hours for dollars you can afford to spend your time on other pursuits while your personal money machine works for you.
Your Own Personal Money Machine Read More »
The key to financial freedom is to have more income than expenses. But even better than “earned income” is “Passive income”. Using the “jars” system will help you get organized and begin saving and investing in order to develop that passive income.
The Jars Method of Budgeting Read More »
