In this article, I am trying to explain when is living on passive income possible as my family was transitioning from one lifestyle to another.
Posts published in “PERSONAL FINANCE”
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Diversification of investments is important and necessary. Owning four different types of investments helps with portfolio diversification.
As I work full-time again, I am preparing to grow our dividend stock portfolio in the next few years. Here are investment assumptions for my portfolio.
We decided to quit! After working two full-time jobs for 15 years in China’s largest cities, and developing four passive income streams, we were tired.
Early retirement will be possible for me and my wife in a few years in our early 40s with appropriate Cash Flows from our investments.
I have been managing our family finance a private wealth manager for over a decade. Here is a brief summary of our family finance.
My wife and I have reached the status of financial independence for our family starting from 2022 as our FI Ratio was 100%.
When it comes to financial independence, you can afford to do what you like not what you have to, and work for something else than money.
The quest for ‘ultimate’ financial goals is a deeply personal one, as it will vary greatly depending on your individual values, aspirations and circumstances.
When thinking about preparing family financial plan, you first need to consider your family's specific situation. Every family is different.
Building strong emergency funds is a crucial step towards financial security, providing a safety net and peace of mind when unexpected expenses arise.
This article is about my investment principles which are fairly simple. It is all about making safe investments for my money and stable growth.
I have finally managed to simplify and visualize The Wealth Building Machine boiling down the whole process of growing Net Worth to just one page.
If you want to sit in the shadow of passive income in the future, you need to plant an investment tree today! Here are my sources of active and passive income.
My wife and I have been tirelessly growing the wealth snowball for the last 15 year to build high Net Worth, or our family wealth.
Should you own your home or rent? In my opinion, home ownership is everything. It just makes a lot of sense to own your own house.