Investing in Oil and Gas Stocks

Why I Love Investing in Oil and Gas Stocks A significant portion (~20%) of my portfolio can be found within this category.  While it is a big portion to have invested in one industry, I’ve done it for the following reasons: 1. Oil/Gas companies have a proven history of paying increasing dividends 2. They are some of the biggest/most profitable companies in the world 3. They are not going out of business in my lifetime…

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Passive Income Report: February 2014

This past month was not an amazing one in terms of passive income.  I earned a total of $210.32 (US), but in the Feb. 2013 it was 288.47.  However, progress is happening: Feb. 2012=167.08 and Feb. 2011=74.79. February is traditionally not a big month in terms of dividend payouts, and my Squidoo payment was also relatively low.  Squidoo pays out 2-3 months later, and in December I was extremely busy with my day-job so spent…

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Frugal Hobbies: My Favorites

  Frugal Hobbies: Freedom Through Passive Income Style I talked on a previous post about how frugal living and building passive income streams are closely related to each other.  While there are plenty of ways to live frugally, especially with regard to transportation, housing and food (which I will talk about on later posts), hobbies are one of those things that you can either spend almost nothing or an enormous amount.  While I understand the…

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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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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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