Frugal Living and Passive Income

Frugal Living and Passive Income: Are they Related? On the surface, frugal living perhaps seems it doesn’t really relate that closely to building passive income streams, but in actuality, frugality is very necessary until you reach a certain level of passive income, at which point it doesn’t really matter how much money you spend, or don’t (to some degree….there are limits of course!). If you have $5000 a month coming in, with little to no…

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How to Make Money on Squidoo

This is the second entry in a 3 part series.  Check out post #1: Squidoo-a General Overview.  While Squidoo is some ways could be classified as a “Passive Income Stream,” if you want to make serious money on it, you’ll need to be constantly updating your old lenses and making new ones because if you neglect if for a while, you may get the odd sale from Amazon or fall into some of the lower…

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Squidoo: a General Overview

One of my readers left me a comment asking about making money on Squidoo, so I’ll do a few posts about it.  This one will be the general overview, and in the next few weeks I’ll do posts on: the pro/cons, and how to make money. Squidoo is basically a site that enables you to build your own webpages really easily through their drag and drop platform.  You can build a site in 15 minutes…

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Don’t quit your day-job

Yesterday on the train, I was listening to the Digital Nomad Podcast Episode #11 about not quitting your day job.  They were talking about the sad stories of people who quit too early to go into things like freelancing or online marketing or blogging and stuff like that, except it sometimes doesn’t work out like you think it will and you end up broke and desperate.  So they suggested the better way is to not…

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Spend Less Than you Earn

Anyone can do it! No matter your income level, spending less than you earn is by far the most important thing. We’ve all heard those stories about people earning millions of dollars a year going bankrupt. Conversely, we all know about the guy next door working at some average job who ended up dying with millions in the bank. The difference is that one guy spent more than he earned while the other one didn’t.…

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My Current Passive Income Streams (and my day-job)

I’ve been on this journey towards financial freedom through passive income for a few years now and have developed a few different passive income revenue streams.  While I’d like to get a few more up and running in the next few years (diversification in this area is golden!), the ones I’m currently doing are plugging along and expanding, without a significant amount of effort on my part.  I’ll outline them here and in the coming…

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My story….the short-version

I’m a 34 year old Canadian, living the expat life in South Korea for the past 10 years working as a lecturer at Korean Universities.  During that time, I’ve been steadily building my passive income streams and learning more and more about things like social media, dividend stock investing, website design and marketing and a whole host of other things.  I currently average around $500/month in passive income and I’m hoping to eventually make a…

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