LIVING OFF DIVIDENDS & PASSIVE INCOME

Last week I attended a cashflow game meeting through Meetup.com. It was lots of fun and I meet a few retired people who had made a ton of money through their real estate investments, even though they had ordinary jobs. One was a carpenter and the other was a programmer.

Both of them bought at the bottom of a cycle and held on to their properties for 2 decades. The result was that they became millionaires and eventually were able to live off the income their assets produced. Both of them retired several years before they hit 65, although they still found profitable ways to stay busy.

If you haven’t seen Meetup.com check it out now. Its a great networking site. You don’t know what you’re missing.

• Gold Crosses $700 Mark I feel like a broken record. I've grown hoarse trying to get people to invest in Gold.Anyway if you haven't buy some already, now may not be the best time to jump in. You might want to wait for a pull back. Of course, which way it'll go from here......
• Selecting a Brokerage account The Wall Street Journal had a nice article on Opening Your First Investment Account.Don't just open your account with anyone offering you a free IPOD.Although free IPOD's are great, its not necessarily in your best interest.Figure out how much hand-holding you require.Do you need to go full-service[full commission] or discount......
• Understanding Real Estate Market Cycles and How To Invest Based On Your Own Research A lot of people have been asking me how I do my research for places to invest in. Here's my attempt to explain the process. It started when I sold my home and was wondering where to invest the proceeds. I moved into a condo that had previously been a......

• How to strategically plan for your retirement When it comes to planning for retirement you really have only a few choices to make for your future. Strategically speaking many people take the approach of “I hope it works.” People really never give their retirement a thought until it's to late. When they decide it's time for retirement......
• How much can I afford? This is a question that unfortunately is often times asked in relation to monthly payments. Many people feel that if they can get the payment small enough to fit into their available monthly income, they can afford the item they desire. The problem with this philosophy is that if you......
• Tips On How To Avoid Internet And Financial Scams. Photo by ToastyKenIt seems that every week I get a spam email or two asking me for some account information or to accept a wire transfer from some foreign country that I have never done business with - all in the name of trying to scam me. Since I know......

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