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5 Ways to Make Passive Income

March 1, 2012 Business Passive Income

5 Ways to Make Passive Income

Earning passive income should be a goal for everyone.  Whether you are working, married, retired, in school, or even if you are completely happy in your current situation it makes sense to get started on earning passive income right now.  People have different definitions of what passive income is.  Some people claim passive income can [...]

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What is Self Employment Tax?

February 23, 2012 Income

What is Self Employment Tax?

There is a lot of confusion over the taxes that the self employed must pay.  These taxes are often referred to as self-employment taxes.  This is actually a bit of a misconception though.  Self employed individuals pay the same in taxes but a difference in the rules mean that they must pay a higher rate [...]

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Income Snowball Effect

February 21, 2012 Business Income Passive Income

Income Snowball Effect

In my perfect world I would be able to survive financially through product development.  While developing these products I am placing a huge emphasis on requiring little to no maintenance to keep that product going.  Essentially I am trying to create a number of products that will earn me some passive income.  Once passive income [...]

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My Game Plan

February 15, 2012 Business Web Development

My Game Plan

Now that I have officially left my job I need to start executing the game plan that I have created over the past year and a half.  My path to making enough money to remain self employed has a number of different paths and fallback options depending on how things go.  Ideally I will be [...]

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Self-Employment Goals

February 14, 2012 Lifestyle

Self-Employment Goals

Now that I have quit my job and have actually begun my journey towards self-employment I thought it would be important to think of what I would like to accomplish. Unlike other entrepreneurs I don’t have dreams of hitting the jackpot and retiring. I also don’t have dreams of only working 4 hours a week and [...]

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Quit Job – First Day Off

February 13, 2012 Lifestyle

Quit Job - First Day Off

Today is one of the most exciting and scariest moments of my life. Last Friday was my last day at my comfy corporate job. It was a nice and stable job that provided a reasonable salary… yet I quit that job to drop my income to $0. Why would I just quit? It certainly wasn’t [...]