Tuesday, September 9, 2008

HOW oh how do we escape 9-5?

So far, i only know of three ways of escaping 9-5 and they are: (in no particular order)

1. Rental Income from REAL ESTATE.

2. Passive income generated from a business that you do not need to run or manage on a daily basis.

3. Equities Investing, bonds, stocks, options (fun fun!).

explanations on the next posts...

Friday, August 15, 2008

Why escape 9-5?

"All our dreams can come true, if we have the courage to pursue them."- Walt Disney

So why do we need to escape 9-5?

Here are 3 simple reasons:

1. I hate my job, it robs me of two things: TIME and MONEY. The two are closely related and they maybe the most valuable currencies around. So why am I still at it? All I have are excuses of course, and here are a few:

I was born into it- My loving parents put me through school to earn a degree so I can have a "good" and "stable" job just like them. Why? because that's what their parents taught them. Back then it kinda worked, but that is now obsolete.

I don't have enough savings- If i stop working now, how will I eat? where will i live? how can i support a family? blah blah blah blah blah blah... the list goes on.

2. A job/ career will tie you down (probably to a desk or an area) for the remainder of your life. 9-5, 5 days a week, for maybe 40-50 years. That's a lot of time away from your family and friends, time that you can use to watch your children grow, setup a business, or maybe volunteer for a worthwhile cause (I somehow feel that we weren't brought to this earth to file reports, push pencils, or whatever have you). After then, if you're lucky, maybe you can retire and take a vacation or relocate to some retirement community.

3. Your income will be also tied or limited to the amount of work that you put in. A promotion will probably get you a raise AND the commensurate obligation to put in more hours. When you stop working, you stop getting paid and you suddenly can't enjoy the lifestyle that you became accustomed to. If you stop working at an older age with only a thin margin of savings, expect to find difficult times ahead.

That's enough gloom and doom for today, i will start writing on the How's of escaping our 9-5 on the next post. 'Til then..

Train hard and live strong..

Thursday, August 14, 2008

escaping 9-5

I just recently erased ALL of my previous posts. Why? because they are so fcukin BORING! Im new at blogging and didn't quite know when too much is being written for the good of the readers so from now on, I'll keep it short and direct to the point.

This blog- I will keep this blog focused on my quest for FINANCIAL FEEDOM. Freedom from 9-5, freedom from bosses, freedom from working for money's sake. For me, financial freedom would mean having PASSIVE INCOME that will support the lifestyle that i want. Basic, right? Now boys and girls, remember that PASSIVE INCOME is income that we generate automatically, without lifting a finger, without 9-5.

Now how in the world can we create passive income? simple! but not necessarily easy. There are three ways that i know of, and they are:
1. Real Estate - Rental income from real estate comes in automatically month after month, year after year.
2. MUSE- This is a term used by timothy ferriss (google him) to describe businesses that run on autopilot. The owners have no part in the business operations because they are probably busy backpacking in europe, skiing in the alps, or getting a tan in some remote island paradise. -nice!
3. Investing - Particularly in stocks. Pick a real winner at the right time and get ready for the fast track.

The quest begins!