Smart homes; connected devices; the Internet of Things. Buzzwords abound with everything from smart refrigerators to wifi pet ball launchers (I kid you not). Let's see if we can turn all these gadgets and gizmos into a revenue stream.
I've dabbled in the stock market and various other 'financial instruments' for a long time, but now it's getting serious. If we're going to make this whole 'Financial Freedom' thing work, we probably need to give our investment strategy some thought. Let's do that together.
Writing used to be simple - draft a manuscript; send to a publisher; get rejected; rinse; repeat. For a small percentage, a publisher would bite, and then stardom beckoned (well, a meagre living in most cases). These days, writers can self-publish; manage their own inventories; interact with their fans via social media and video Q&As. The world has gotten more complicated. Maybe we can simplify it.
Another week bites the dust. Are we keeping to our lofty goals? Are we spreading ourselves too thin? Are we actually starting to make any money? All will be revealed if you open the wrapper and gaze at the wonders within.
No, it's not some kind of designer yoghurt drink with 'bacteria' in it (I'm sure bacteria used to be a bad thing, and no somehow they're cool). It's actually a rather spiffing app for monitoring your money across different accounts.
The collective intelligence or spending power of the masses is the big thing in a number of areas at the moment - everything from crowdfunding for startups to crowdsourcing opinions on what outfits to wear (yup, really!). Let's see if crowd investment vehicles can help us in our quest.
Why is it that when kids enter your life, somehow the family home shrinks? Our home is by no means small, but drastic measures are required. You'd think a large extension would be incompatible with our charge towards financial independence, but we have a cunning plan...
Two down, twenty-six to go (ish). Whirlwind week with some big moves into a couple of new blog spaces; a start on the soon to be multi-award winning bestseller; some debt clearing; and general finance fun and games. Did we hit our straps this week? What the hell does that phrase even mean?
There are many theories about the 'best' way to clear down debt. Given we have a little bit to clear, and we're in the process of liquidating some assets to do just that, now might be a good time to look at the options and throw around a few wild opinions as to what's right and what's wrong.
Oh SAYE can you see... I could do this all day. But, there are serious matters afoot. Save As You Earn schemes are popular in bigger corporate orgs. Do they make sense? Can you retire on the proceeds? All will be revealed within.
In the great grey-matter that is my brain, exists a premise for a thoroughly formulaic thriller. Given ordinary mortals make millions in royalties, let's see if we can weave some magic in the self-publishing world and rake in some much needed moola.
The grand plan for financial independence is littered with websites that need building, hosting and delivering to the assembled masses. If we can do that efficiently we can deliver a high quality experience at low cost.
We'll be recapping our current position at the end of each week as we move towards our ultimate goal of financial independence in 199 days or less. Let's see if we got off to a quick start, or stumbled out of the gate.
What does it mean to become financially independent? Let's see where the money currently goes and where we need to get to in order to make this work.
Having meddled in websites (technical experiments mainly) I've managed to acquire 30+ domains over the years. Let's see if we can develop a few of them to generate a little passive income.
All sounds easy: quit work; passive income; huge pension pot; blah, blah, blah. How do we pull it off though? What are the killer ideas (or more likely lucky breaks and tons of hard work) that will get us there. Let's brainstorm...
Day 1 in the big brother house, and the housemates are frantically trying to work out a way to achieve financial freedom in 199 days in order to escape the rat race.
“Every school-age kid should be taught about compounding as soon as they can understand it”
