LIVING OFF DIVIDENDS & PASSIVE INCOME

Thestreet.com has a good article on Why you’re not rich.

Here’s the summary:

1. You Care What Your Neighbors Think
2. You Aren’t Patient
3. You Have Bad Habits
4. You Have No Goals
5. You Haven’t Prepared
6. You Try to Make a Quick Buck
7. You Rely on Others to Take Care of Your Money
8. You Invest in Things You Don’t Understand
9. You’re Financially Afraid
10. You Ignore Your Finances

And from another reader, here’s another top 10 reasons.

1. Wasn’t born rich.
2. Didn’t marry rich.
3. Not a criminal even though it pays.
4. Ignorant of tax loopholes to avoid most taxes.
5. Didn’t buy Microsoft stock in 80’s.
6. Didn’t buy Apple stock in the 90’s.
7. Didn’t buy Google stock in the 00’s.
8. Majored in Philosophy.
9. Played in a funk band rather than an emo band.
10. TiVo

• The Answer Is Yes. A couple of days ago, I wondered if the stock market was a little over-priced.Today I received an email from one of the many free investing newsletters I subscribe to and the echoed a similar sentiment.“The NASD, a brokerage regulator, recently sent out an ‘alert’ to investors outlining the risks......
• Know Your Property Taxes Before You Invest Since I own investment property in Indiana, it makes sense to follow whats happening there.The Indy Star just had an article on ballooning property taxes.Basically the assessors office is changing the way property is being assessed which is likely raise the average tax bill by 15%. That sucks! Taxes on......
• Time To Buy Online Retailers? Online retailers have been fairing better than their brick-and-mortar counterparts. One school of thought is that affluent buyers make up a bigger portion of online buyers and they fare better during recessions, which means online retailers are likely to do better. Another line of reasoning suggests that there is a......

• Why Index Funds are Bad Investments The entire personal finance blogosphere is in love with index funds, and I'm here to tell you why they're bad for your investment portfolio. This should go over well.  Black sheep anyone? I realize this thesis will not be a popular one, but from my perspective as an active investor......
• Weekly Roundup - Financial Literacy Edition April is Financial Literacy Month, and this year we need to really emphasize the importance of it more than ever.  If you notice, I've been featuring a number of "kids and money" themed guest posts and advertisers because I believe educating our youth in the world of personal finances is......
• Cut Costs In Your Personal Care Budget When it comes to cutting costs one area where many people can shave hundreds of dollars from their expenses is within the personal care budget. Of course you should not neglect your health or personal care for the sake of a few dollars however there are many ways in which......

[All content is copyright of Living Off Dividends & Passive Income]

Random Posts

• November 5, 2008 -- Heard On The Street
• June 16, 2006 -- Should The Oil Companies Be Punished For Making Obscene Amounts Of Money?
• May 12, 2006 -- Market Update
• May 24, 2008 -- Profiting From The Rise In The Price Of Oil
• July 20, 2007 -- Time To Jump Into Shipping & Steel Stocks?
• March 30, 2006 -- Why I’m Looking For A Job and Why Adsense Rules!
• January 4, 2008 -- Byron Wien’s 2008 Annual Top Ten Surprizes List