Retirement is not a function of your age. It is a function of your income. When you have built up enough passive income to fund your lifestyle and continue to grow your investments then you can afford to retire - if you want to.
For so long as you can still hack it and you continue to enjoy your work, you should keep at it.
Showing posts with label passive income. Show all posts
Showing posts with label passive income. Show all posts
Thursday, December 15, 2011
563. Retirement
Posted by
Dominic Mulvey
at
7:04 PM
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Labels:
affording,
enjoying your work,
income,
investments,
passive income,
retirement
Tuesday, July 26, 2011
478. Passive Income
It does not matter where you earn your money or what job you have. What matters is that you convert the maximum percentage of it into portfolio and passive investment as efficiently as possible.
Posted by
Dominic Mulvey
at
1:54 PM
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Labels:
efficiency,
income,
income allocation,
multiple income streams,
passive income,
passive investment,
portfolio income
Tuesday, December 28, 2010
293. Multiple Streams of Income
Always keep multiple streams of income. If you have a job, start a part-time business. If you have a business, take a part-time job. Invest in the stock exchange. Keep rental properties both residential and commercial. Keep building your asset base and generating new streams of income. Develop passive income streams.
Posted by
Dominic Mulvey
at
3:44 PM
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Labels:
multiple income streams,
part-time businesses,
part-time jobs,
passive income,
rental properties,
stock exchange
Monday, July 5, 2010
82. Master Your Finances
Know that you deserve financial wellbeing right through your whole life. You deserve an early long and wealthy retirement or a long series of mini retirements. The date on which you retire is a function of the level of Passive Income you achieve - not a function of your age. Once your passive income (derived from your assets and investments, not from your labour) exceeds your expenses, then you can retire. To learn these principles, you need to read all of Robert Kiyosaki's books, visit his website and play as many games of MONOPOLY and CASHFLOW 101 and CASHFLOW 202 as possible. Play them regularly with your Mastermind Group (See Think and Grow Rich by Napoleon Hill. http://www.richdad.com/default.aspx, https://www.richdad.com/Richdad/RDBlog/RDBlog.aspx?TopicID=13
Posted by
Dominic Mulvey
at
6:42 PM
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comments
Labels:
CASHFLOW (Board Game),
expenses,
financial mastery,
financial wellbeing,
labour,
Mastermind Groups,
MONOPOPLY (Board Game),
Napoleon Hill,
passive income,
Robert Kiyosaki,
Think and Grow Rich
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