Posted on March 19, 2008 by Dana Kunz
Passive income is often defined as making money while you sleep.
Passive income is the opposite of active income.
Passive income is value earned that is disconnected from time spent.
Passive income comes productive assets, from owning interests in business, real estate and intellectual property.
Passive income comes in the form of interest, dividends, capital gains, and business income.
Passive [...]
Filed under: Definitions, Productive Assets | Tagged: Family, income, Productive Assets | No Comments »
Posted on March 18, 2008 by Dana Kunz
Eight Ways To Slow Spending And Capture Seed Capital
Focus on capturing seed capital with two accounts. Use reverse psychology and set-up a ’spending’ account and a ’seed capital’ account.
Seed capital account: Have your payroll check deposited here. Make sure that it earns a interest and/or is invested monthly.
Spending account: Transfer a fixed [...]
Filed under: Capture Seed Capital | Tagged: Family, personal finance, spending | No Comments »
Posted on March 17, 2008 by Dana Kunz
Slow your spending.
Imagine all the time and money you would save if you just cut out shopping and eating.
I came up with this idea one day over lunch.
Shift your focus to capturing seed capital instead of spending, you will have more time and money to invest in your financial independence. The idea with food is [...]
Filed under: Capture Seed Capital | Tagged: budgeting, Family, personal finance, spending | No Comments »
Posted on March 14, 2008 by Dana Kunz
Income has many definitions…enough to make it so confusing that even CPA/Financial Types (like me) have to ask for clarification from time to time. Here are several different ways that income is used.
Income can come from both active sources (job) and passive sources (rents, dividends, interest, royalties, and business).
Income can equal cash flow (take-home [...]
Filed under: Definitions | Tagged: Family, income, personal finance | No Comments »
Posted on March 13, 2008 by Dana Kunz
Here is a quick reminder of where we are in the steps towards financial independence.
Step 1: Start Now
Step 2: Build Seed Capital Daily
Step 3: Collect Productive Assets Regularly
Sept 4: Share Knowledge Freely
Over time, productive assets can shield you from uncertainty as well as make you financially independent from your job.
How To [...]
Filed under: Collect Assets, How To | Tagged: assets, budgeting, Family, personal finance | No Comments »
Posted on March 12, 2008 by Dana Kunz
Total net worth is the difference between the market value of what you own minus what you owe.
There are a lot of different definitions of net worth, but in the most extreme, it is what you would have left over if you sold everything of value today and paid off all of your debts.
It [...]
Filed under: Definitions, Earn To Invest | Tagged: net worth, personal finance | No Comments »
Posted on March 11, 2008 by Dana Kunz
Productive assets an shield you from uncertainty and make you financially independent of your job.
What you personally want from productive assets depends on your definition of financial independence, and how you want to invest your time each day. Here are some quick definitions to get you thinking about the technical side of productive assets.
Productive assets…
Generate [...]
Filed under: Collect Assets, Definitions, Productive Assets | Tagged: Family, personal finance, Productive Assets | No Comments »
Posted on March 10, 2008 by Dana Kunz
When I started looking for answers to my personal financial puzzle, I realized that I didn’t really know what my alternatives were. Now, some of this stuff seems terribly obvious (like this post), but it is helpful to be reminded of our choices so that we stop repeating the same mistakes (and only repeat the [...]
Filed under: Build Seed Capital, How To, Invest More Now | Tagged: budgeting, debt reduction, personal finance | No Comments »
Posted on March 7, 2008 by Dana Kunz
Capital is your available time, credit rating, productive assets and financial aptitude. It is the resources at your disposal to make a positive impact on both your life and those around you.
Filed under: Build Seed Capital, Definitions | Tagged: capital, credit, Financial Independence, personal finance | No Comments »
Posted on March 6, 2008 by Dana Kunz
Seed capital is financial resources (cash, credit, aptitude, and ambition) destined to become productive assets.
Your best source of seed capital is keeping more of what you already earn.
There are four proven ways to create seed capital.
Earn more
Keep more/spend less
Grow what you have
All of the above
Filed under: Build Seed Capital, Definitions | Tagged: budgeting, debt, Family, personal finance, spending | No Comments »
Dana Kunz