Passive Income Goals and Update

I know, I keep harping on passive income. Why? It’s because I believe that when my passive income exceeds my living expenses, I’ll consider myself financially free. Yes, that is a definition ripped straight from Robert Kiyosaki of Rich Dad/Poor Dad, but it makes sense to me. As stated as one of my goals for…

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Surviving on $12 000 a year

There is an article on msn money central that details how a middle aged woman named Jill has left her husband, gone back to college and raising a daughter on $12000 / year fixed income. Yes, you’ve read correctly, she lives on $1000/month. Could you live on $1000 / month? I guess it depends on…

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January 2007 Net Worth Update (+4.43%)

It’s time for the January 2007 net worth update! This time around, I decided to include my wifes pension account as it would more accurately represent our net worth. Assets Cash: $4500 (this fluctuates) Savings: $26000 Registered Investment Account: $33800 Pension: $16000 Non-Registered Investment Account: $40700 Real Estate: $ 266500 (2 properties) Vehicles: $18000 (2…

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