How to Write an Ebook: choosing a topic

This past week, I haven’t had classes at my day-job due to midterm exams, so I’ve been busy working on my first Ebook. I’ve wanted to write one for a while because I think diversity is the key in trying to live off passive income. I really have no idea whether affiliate marketing on Amazon or Iherb will be successful in the future, whether Hubpages will shut down, or whether there will a huge crash…

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Moving from Squidoo to Hubpages

A couple of months ago, I got an email from Squidoo saying that they had merged with Hubpages and that Squidoo would be closing down and all the content would be going over to Hubpages. I was initially quite annoyed, but of course that’s the risk when you use a platform that isn’t your own to build websites. I’ve been so busy at the day-job since that announcement that I didn’t really have much time…

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Writing Kindle Books…a thought

While I was out hiking today, I was listening to the Smart Passive Income Podcast by Pat Flynn, episode #124, where he interviews Steve Scott, who is making a lot of money by writing Ebooks. It kind of inspired me and got me thinking about what is a topic that people want to know a lot about, but that there just isn’t much information, but which I’m an expert. I have an idea that I…

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Some of my favorite dividend paying stocks

When you invest in dividend paying stocks, you invest like an old lady. It’s considered one of the most conservative ways that you could invest in individual stocks and in order to be effective, it has to be done over the very long-term. 10 years would be the absolute minimum I’d recommend and “forever” is even better. The hope is that I’ll eventually just be able to live well off the dividends I receive and…

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English Teaching and Passive Income Building

I was just talking to a coworker of mine this morning about how he views the job that we do as more of a part-time thing and that he has other stuff going, as I do with this blog and other online ventures. And I guess that that’s the best part about the English teaching overseas gig – most jobs are not really “full-time,” as in 40 or 50 hours a week, but are generally…

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August 2014 Passive Income Report

August 2014 was a pretty slow month in terms of passive income, totaling $216.46. But, I added up the total, year to date and it’s around $2500. Not bad for the very little amount of time and energy I put into it. You can see my passive income report here. Something I am happy about is Iherb, which I am getting an increasing amount of money from each month. Something that seems to be working…

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Squidoo moving to Hubpages

So I just got an email a couple of days ago announcing that Squidoo is now moving their top pages over to Hubpages and the bottom ranking lenses will be not be hosted by either of these two sites. I’ve yet to transfer my lenses, so can’t comment on that, but it’s actually like my biggest fear has come true. When you use a site like Squidoo, or Hubpages you really have no control in…

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It’s not all about the money

I think a misconception that “poor” people have about “rich” or “well-off” people is that it’s all about the money and rich people are constantly checking their bank accounts or obsessing about how to get more money continuously. I’m certainly not rich, but I do have enough money to live a comfortable life and for me, it’s not all about the money. I only check my stock brokerage account around once a month, and when…

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July 2014 Passive Income Report

This month wasn’t great in terms of passive income, coming in with a total of $219.09, but I didn’t exactly put a lot of effort into maintaining my current sites or building new ones due to how busy I was at the day job, which is always a frustration. Plus, I was on vacation in Malaysia for a large part of it. Check out the specifics of my July 2014 Passive Income Report here. Comparing…

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Investing in Marijuana Stocks

One of my friends recently asked me what I thought of marijuana stocks and if they would be a good investment. It was a good question since marijuana is now legal in some American states and the market will probably be expanding quite rapidly, especially if other states follow suit and legalize it. There’s definitely money to be made, but my answer was, “No, not now” and here are my reasons: 1. There likely isn’t…

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Timing the Market vs. Buying a Quality Company at any time

These past few months, I’ve been saving my money and just using the dividends I’m receiving to pay off my margin loan because I think the market is quite high now and due for a correction. I also haven’t added any new positions or purchased any shares of the stocks I already hold for the same reason. Except now, I’ve basically paid off my margin loan, my emergency fund is fully funded and I’m just…

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Retirement and the 4% rule

The often-quoted model of how retirement works is that you need to save up a huge chunk of money which you invest in stocks and bonds, and upon quitting work, you can withdraw up to 4% of it per year and in theory, it should last you until you die. I don’t hate this model, but it seems to me that it’s kind of outdated for the following reasons: 1. People are living a lot…

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June 2014 Passive Income Report

June 2014 was by far my best month since starting this blog in November 2013: $604.57. Check out the report here, but you can see that Squidoo and dividend payments were both really high, and Amazon and Iherb were around average. Dividends fluctuate throughout the year, depending on various factors and it’s really something I have no control over. But, Squidoo did very well for me and the best part about it was that I…

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The Rule of 72

A simple way to estimate the time it will take for a sum of money to double is to use the rule of 72. Basically, you divide 72 by the interest rate, per year and the result is the number of years it will take for your money to double. For example: $10 000 invested at a 3% interest rate will take 24 years to become $20 000. Invested at 8%, it will take 9…

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How often I look at my portfolio

I’m a long-term investor, which means that I’m more worried about what my dividend stock portfolio is going to look like in 10 or 20 or 30 years from now than I am about it in this current year. I know that there are lots of people who look at the market news and their brokerage account every single day and are paying attention to even little fluctuations in value. I would consider many of…

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Stocks are at record highs: what I’m doing about it

The stock market indices such as the Dow Jones Industrial Average and the S&P 500 are at some record breaking highs. At times like this, people often get into a frenzied like state and throw money around trying to get in on the action. What am I doing about it? Basically nothing. Although I do have a good amount of cash sitting in my bank account here in Korea earning 2% interest or so, it…

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Working a lot vs. living frugally

I quite rarely work 40 hours a week. My contract is only for 9 teaching hours and then I generally get forced to do another 3 hours of overtime for 12 hours. And then I’ll do some optional overtime for around 8 or 9 more hours. Prep and admin generally take up around 8 or 9 hours so that’s aroudn 30 hours/week. Sure, I could do more overtime and work 40 hours or more and…

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Assumptions and why they’re not helpful

Everyone knows the old saying, “Assumptions make an ass out of you and me.” It’s kind of cheesy, but it’s definitely true in almost all areas of life, and especially with regard to personal finance. Just because someone doesn’t own a nice house and a fancy new car, doesn’t mean that they don’t have 200 000 or 500 000 or a million dollars in the bank. Maybe it’s that they choose to live a different…

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Podcasts and how to start one

About 8 years ago, I started running.  Like seriously running: 10 K’s, 1/2 and full marathons.  I only stopped because of some heel injuries that are fine now, but that get seriously aggravated by running.  Anyway, I used to listen to music, or nothing when I first started out and that was fine most of the time.  When I was in grad school, I used to get some of my best inspiration for papers that…

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Advice to my 30 year old self

5 years ago, I was just finishing up my third decade on the Earth, and had been working for a couple years at my first “real” job at a Korean university. I lived in the beautiful Korean countryside and life was good. Here’s some advice for my 30 year old self: 1. Your student loans should be paid off by now. If not, get on that. And unless you have a house mortgage, all your…

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Your Future Self and Money Choices Today

Thanks to my friend “S” for the heads up about this article over on Get Rich Slowly about becoming friends with your future self and resisting splurges today. What this makes me think of is delayed gratification and how important it is in life and with regards to personal finance. It’s a sign of emotional maturity to make long-term goals and to not give into all our short-terms wants that are most often not really…

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