financial independence

Financial independence is a term typically used to describe a state where you have sufficient assets to live a certain lifestyle indefinitely without having to work or be employed.  Whether your income is derived from interest on savings, investment income, real estate income or something else, it really doesn’t matter.  The key is that you’re [...]

We in the personal finance blogosphere love to fill the internet with ideas on how to save money and discuss everything under the sun that you should not spend money on. Well, today, I’d like to discuss a few things that I believe are acceptable purchases.

Today, I’d like to share with everyone blogs that I read and think you should check out.  For each blog, I will provide details on what is great about it so that you can understand better which blogs might be best for you.  I hope that the following blog recommendations will help you find additional [...]

When it comes to long term investing, I believe that you should focus more on dividend yields and cash flow versus speculation and share price appreciation. While this might mean avoiding sexy names like Apple (AAPL) and Amazon (AMZN), there is nothing unsexy about constant cash flow with regards to your assets.

Photo from stock.xchnge
Dividend Income [...]

Like it or not, your credit score matters whether or not you plan to borrow money. As such it’s a good idea to learn as much as you can about credit score, how it works, and how it impact your finances. Below are some great articles about credit score I found around the web this [...]

Welcome to the 76th edition of Money Hacks Carnival. In this edition, I’ll be presenting some interesting and fun facts about money along with the submissions. For editor’s picks, please look for entries noted with (EP).

Money Fact #1: $1 bills wear out in about 17 months. Bills of larger denomination last longer because they are [...]

Last week was incredible in many ways.  Most notable were Lehman Brothers failure, Merrill Lynch sale, and AIG bailout.  The wild swings over the last five trading days definitely woke up a few people.  It’s times like these that we learn more about ourselves and help us understand if we really have our ducks in [...]

This guide is intended to provide readers with ideas, how to’s, and resources on building multiple income streams and generating extra income. If you are interested in earning more money and becoming less dependent on your job, then this is the guide for you. On the other hand, this guide is not about getting rich [...]

This is a guest article by Miranda Marquit of Yielding Wealth.
One of the mantras that we hear a lot in the world of personal finances is “budget, budget, budget.” But is this type of mentality really the best way to build wealth? More and more, some in the personal finance realm are starting to switch [...]

I think many of us heard about income streams, active income, passive income, and portfolio income before (if not, I have brief description of each below). I’d like to share some quick observations about active versus passive income as it relates to financial independence and wealth.

The image above is a simplification that shows active income [...]