patent

When saving money for college education, you should be aware of your Expected Family Contribution (EFC). EFC is how much money your family is expected to contribute to your college education — the lower your EFC, the more financial aid you will receive.

A Brief Note From Plonkee
One of the great things about not having children [...]

After reading Pinyo’s article entitled 7 key factors to Build successful alternative income streams. It really got me thinking about the various aspects of our personal finances and how appropriate each one is. In the article Pinyo makes an excellent point right at the start in which he comments

Do what you love, if you hate [...]

This article shares six alternative income ideas, including investing for cash, side business, seasonal income opportunities, rental income, part-time job, and royalties/patents income.

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 [...]

I want to build my wealth, but I found many personal finance books to be boring and intimidating. They usually go into great detail about setting your financial goals, budgeting, etc. — but they don’t tell you the big picture in a simple and concise way. As the most financially astute person in my family, [...]