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 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 [...]
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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 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 »
Posted on February 25, 2008 by Dana Kunz
The two extremes of money-styles (consumer and accumulator) can be broken into six distinct types.
These six types are pictured in the graphic below. The bars represent your total net worth, the difference between the market value of what you own minus what you owe. There are a lot of different definitions of [...]
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Posted on February 16, 2008 by Dana Kunz
Financial independence is a lifestyle;
one unfamiliar to us because Americans are consumers by design and training.
We are groomed from birth to desire stuff, and we love to buy the objects and experiences that furnish our lives.
We know the ins and outs of purchasing all kinds of things and entertainments that TV ads say [...]
Filed under: Definitions, Earn To Invest, Family | Tagged: budgeting, Family, Financial Independence, investing, money, personal finance, saving, spending | 1 Comment »
Dana Kunz