Building Passive Income Streams = Financial Freedom

Financial Freedom = Choices Financial freedom sounds pretty good, right? To me, financial freedom doesn’t equal luxury but it means a whole lot more life choices than you’d have without money in the bank. For example, with a decent money-pool, you could: 1. Quit your job without a new one lined up. 2. Travel for a few months. 3. Be generous and donate money to charity or help out a friend or family member who…

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What is Passive Income?

An Overview: What is Passive Income? Passive income is earnings received on a consistent basis without investing effort for each and every dollar earned. Most people think that passive income is ‘easy money’ but this isn’t really the case. In reality, it demands a lot of hard work. Things in life don’t happen magically overnight and passive income is not an exception to this. Once you understand the fundamentals of generating passive income, you can be on track…

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How to Make Money Blogging

How to Make Money Blogging. Hint: It’s not Easy You’ve probably heard of someone who knows someone who made it big in the blogging world. They struck it rich with a fabulous idea, were in the right place at the right time and made a ton of money. I’m here to tell you that that’s not the reality of most (almost all?) bloggers. If you want to make money blogging not only do you need…

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How to Grow Your Email List-Top 3 Tips

It’s All About the Email List If you listen to any of the Internet marketing podcasts like Smart Passive Income, or read any of the stuff from people like Tim Ferris at the 4-Hour Workweek, you’ll know it’s all about the email list. Social media is great at maintaining contact and connecting with your audience but like Pat Flynn says, “Selling to people through social media is like going to a party, meeting somebody for…

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Going Home After Teaching Abroad, My Plan-Updated

Korea: I’m Kinda Over You These days, I am totally and completely burnt out on the teaching in Korean universities, as perhaps demonstrated by some recent posts over on my other blog, My Life! Teaching in a Korean University: Korean University Students: I Lied, Kind of when I said Mine were all Fabulous Korean University Jobs: The Golden Handcuffs Some Less than Exciting Work Options Anyway, not to worry since it is my last semester…

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Dealing with Negative Criticism from the Netizens

  A Controversial Blog Post A few days ago, I wrote a blog entry over on My Life! Teaching in a Korean University called, Korean University Jobs: The Golden Handcuffs. Basically, I said that while university jobs in Korea are quite lucrative, they’re also not a great long-term choice for quite a few reasons. I posted the blog to a few of the English teacher in Korea Facebook groups and the reaction was strong to say…

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The Stock Market Crashes-Here’s What I Did

Stock Market Crashes-Time to Get Greedy Investing is all about fear and greed. When the stock market crashes, people get fearful and start selling. This leads to even lower stock prices because there is less demand, which leads to more selling, and then the stock prices drop even further. When the stock market is going up, people get greedy. They keep buying and buying, even when it’s apparent that the top is near which forces…

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The AirBnB Hosting Experiment

The AirBnB Hosting Experiment: Complete! I previously talked about my AirBnB experiment in this post when I was just getting started with it a few months ago. Here are the updated results: 3 months total (May 21st-August 21st) People staying at my place: 63 nights, 8 different singles/couples Number of people I didn’t like: 1/8 Total money in the bank: $1274 (just over $20/night) Overall: Success! $1274 is kind of an astounding amount of money for…

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Internet Based Business- Taking it to the Next Level

Leveling up my Internet Operations: Inspiration Lately I’ve been leveling up my Internet based businesses, with inspiration coming from 2 places: 1. Moving to Canada in March 2016 and trying to make a living off of writing books and building websites. 2. A mastermind group with a couple of expat Internet gurus here in Korea. Accountability and feedback is really helpful. Pat Flynn is all about the mastermind groups, so I’ve been wanting to be…

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Building an Online Empire: The Pieces are Falling into Place

Building an Online Empire: Everything Going Right Lately it seems that everything has been going my way as I continue with the building of an online/self-publishing empire in preparation for my return to Canada in 8 months where I hope to make a living doing that full-time. I finished work a couple weeks ago and have been spending a few hours in the office each day, building websites, writing books, doing self-promotion and other stuff…

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Bad into Good- A Story from Work

Turning Bad into Good-Work Style What Happened I’ve been working at South Korean universities for the past decade or so and during that time, I’ve always taught extra classes for more money. My contract currently is only for 9 teaching hours/week, so I’ve usually added on another 10-15 to substantially raise my pay. However, this past semester all the extra work seemed to dry up and I was left with almost nothing in terms of…

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My Ideal Retirement Plan at 65

A Reader Question: Ideal Retirement Plan at 65 A reader  asked me what my ideal retirement plan at 65 would be. Let me start off by saying that my thinking is perhaps a little different than the normal person. I in no way envision myself working a 9-5 job for the next 30 years and then “retiring.” An Alternative Plan Instead, I hope to live a life that is characterized by non-traditional work opportunities. Perhaps…

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The AirBnB Hosting Experiment

AirBnb Hosting: The Plan In an effort to stockpile a bit of cash for my return to Canada, I’ve decided to rent out my spare room on AirBnB for the last year that I’m in Korea and I’ve just had my first guest check in. My Spare Room I have a large 3-bedroom house, and I of course sleep in the one of the rooms, I use the other one as my walk-in closet, but…

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Is it too Late to Start Investing?

I answer the question of whether or not it’s ever too late to start investing in this short video. For everything expat finance, check out Andrew Hallam’s excellent book, The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat.

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3 Key Things to Know about Ebook Marketing

book marketing

I’ve been listening to lots of self-publishing podcasts lately including Self Publishing Questions, Self Publishing Answers and the Self Publishing Round table. I’ve been particularly focusing on marketing, after getting some advice from Pat Flynn on the Ask Pat Podcast where he answered my question about staying in the small niche I’m in or going bigger. His advice was to hit the marketing hard, since my concept is already proved with the 1 or 2…

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The Minimum Amount to Begin Investing

A short video about why I recommend people save up at least $10,000 in order to get started with ETF or dividend stock investing. For some solid investing advice, check out Steve Peasley’s book: Above Average Investing for the Average Investor. It’s one of my favorites for giving you the goods about investing, minus all the hype and fluff.

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Marketing Strategies—>Expanding Empire

marketing

Thanks for the Advice Pat Flynn Pat Flynn over at Smart Passive Income answered my question on his podcast, Ask Pat episode #324 about whether or not I should change niches since the one I’m in is so small with regards to my ebook about getting a university job in South Korea. However, on the plus side, there isn’t much competition so that’s a huge bonus. He was positive on the fact that I had…

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Drinking Less- Building My Empire More

drinking alcohol

Disturbing Happenings in My Life Money Diet March opened up my eyes to just how much money I spend on drinking and eating out. It was kind of staggering, and drinking and hanging out in expat bars a lot is really not how I want to live my life. Sure, it’s fun to see all your friends and talk and get loud and happy, but waking up the next morning with a hangover, $50 lighter…

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What I’m Selling: ADRE, What I’m Buying: VEE

emerging markets

ADRE: Lingering for Years ADRE is an emerging markets ETF that I’ve had lingering around my portfolio for years and it was actually one of the first things that I bought. Why ADRE is not a Fabulous Emerging Market ETF (for me) In recent years, I’ve discovered Vanguard and their fabulous line of ETFs, with the cheapest expense ratios in the industry. In addition, thanks to Andrew Hallam’s book, The Global Expatriate’s Guide to Investing,…

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Know What you Don’t Know

confusing pension

Last night, I had one of my coworkers ask me about pension plans in Korea because I think she assumed I would know since I wrote a book about finance for ESL teachers: The Wealthy English Teacher: Teach, Travel, and Secure Your Financial Future. There of course is a wealth of misinformation floating around on Facebook and other online forums, as well as expat bars. This is compounded by the fact that the official information…

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All-In Digital Entrepreneur when I Go Back to Canada: Crazy?

all-in

Canada: What to Do I’ve talked about moving to Canada in previous blog posts, and it’s now less than a year away (March 2016). I’ve started preparing in numerous ways such as gathering information about how to get the cats and my stuff back to Canada and also giving away/selling lots of my stuff that I wasn’t really using that much. How Can I Make Money in the Great White North? But, the really big…

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