Pulled in Many Directions: Priorities

At this point in my life and career, I feel like I’m being pulled in many directions. A large part of it is that I’m actually quite good at organizing things like groups of people and arranging big events, as well an online stuff like blogging/social media which are skills that many people don’t have. Plus, I can teach quite literally anything that would possibly be offered in the realm of “English” at Korean unis.…

Continue reading

Frugal Living: lifestyle creep

I’ve lived in South Korea, working as an English teacher for almost 10 years. For the first 7 years or so, I lived extremely frugally. Like, I always rode public transport and tried to avoid taxis, didn’t have a smart-phone, stayed in the school provided housing and had no pets. And like I would really consider it seriously any time that I spent more than about $5. My weakness was travel, but I almost always…

Continue reading

OT at the day-job vs. Passive Income Building

One of the big debates that I have in my head all the time is whether to work more at my day-job, or whether to spend more time building up my passive income streams  through things like building niche websites, self-publishing books and HubPages. My job at a Korean university is kind of ideal actually because according to my contract, I only have 9 teaching hours, although I usually get forced to do 11 or…

Continue reading

Getting Ahead at the Day Job

I know there is much debate in the building passive income  and extreme early retirement circles about whether to focus effort on the “side-hustle,” whether that be investing, or starting online businesses or turning a hobby into a money-maker or whether to focus on the day-job and get on the promotion/pay raise ladder.  For the past 7 years or so, I’ve been focusing on the latter and using that money to invest in dividend paying…

Continue reading

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…

Continue reading

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…

Continue reading

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.…

Continue reading

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…

Continue reading