Friday, January 15, 2010
Riddle me this Bat Man
What do we all have an equal amount of during one day? Time is the answer. It is something that we all have 24 hours equally; rich, poor, fat, skinny, productive, and non-productive. My question to my readers is, what are you doing with your 24 hours today? Are you making money? Are you wasting time? or even worse killing time? What is your passion? What makes you get up in the morning each day with a smile? That should be your motivation, to be your best, and most productive self that you can be each and every day.
Tuesday, January 12, 2010
New Year, new resolutions
This year I want to try something new. Instead of the usual resolutions of losing weight, and becoming financially independent. I want to learn a new skill. I want to learn French. I was inspired to learn French by the service of the Air France staff. What service! Good food, great quality service.
I haven't flown internationally in a while. Unfortunately I had to go to Spain due to the death of my grandmother. She lived a long life, 100 years old. I thought she would be with us forever. I have many fond memories of her. I think what I remember most about her, was her power to persuade. She new what to say to people to get what she wanted, and she did it in such a subtle and classy way. With that in mind, I want to work on my powers of persuasion, just like my abuela. I also would like to work on improving my memory. She had great great grandchildren, and she could tell you their birthdates, and who were their parents, etc.
In summary, in memory of my abuela I want to improve upon my memory, my power of persuasion, and I want to learn a new language. Que viva la abuela Manolita! Long live my grandmother Manolita, may she rest in peace, forever in our minds, and our hearts.
I haven't flown internationally in a while. Unfortunately I had to go to Spain due to the death of my grandmother. She lived a long life, 100 years old. I thought she would be with us forever. I have many fond memories of her. I think what I remember most about her, was her power to persuade. She new what to say to people to get what she wanted, and she did it in such a subtle and classy way. With that in mind, I want to work on my powers of persuasion, just like my abuela. I also would like to work on improving my memory. She had great great grandchildren, and she could tell you their birthdates, and who were their parents, etc.
In summary, in memory of my abuela I want to improve upon my memory, my power of persuasion, and I want to learn a new language. Que viva la abuela Manolita! Long live my grandmother Manolita, may she rest in peace, forever in our minds, and our hearts.
Monday, December 28, 2009
Happy New Year!
I wish you all a prosperous and health New Year! Best of luck in 2010! Keep the multiple streams of income flowing!
Tuesday, December 22, 2009
It's beginning to look a lot like Christmas
Feliz Navidad, Buon Natale, Merry Christmas! I am getting ready to have Christmas with my family, as I prepare, I cant help but be reflective, and thankful for all that I have. A beautiful, and healthy family, love, prosperity, and coming soon wealth. I am building up my assets, and I will be out of the "rat race" by 50, that's 15 years from now. I will be financially independent, and not have to work for a living. Passive income, and multiple streams of income will provide a wealthy lifestyle for myself, and my family.
God bless to you all!
Keep prosperity going! A prosperous New Year to you and all of your loved ones.
God bless to you all!
Keep prosperity going! A prosperous New Year to you and all of your loved ones.
Thursday, December 17, 2009
Passive Income
This is what I am all about. This is why I am writing this blog. I want to create multiple sources of passive income. Passive income, nice, salary, and being an employee naughty.
Passive income
From Wikipedia, the free encyclopedia
Jump to: navigation, search
This article may require cleanup to meet Wikipedia's quality standards. Please improve this article if you can. (May 2008)
Passive income is a rent received on a regular basis, with little effort required to maintain it.
The American Internal Revenue Service categorizes income into three broad types, active (earned) income, passive income, and portfolio income. It defines passive income as income from "trade or business activities in which you do not materially participate."[1] Other financial and government institutions also recognize it as an income obtained as a result of capital growth or in relation to negative gearing. Passive income is usually taxable.
Some examples of passive income are:
Earnings from a business that does not require direct involvement from the owner or merchant;
Rental from property;
Royalties from publishing a book or from licensing a patent or other form of intellectual property;
Earnings from internet advertisements on websites;[citation needed]
Residual income, repeated regular income earned by a sales person, generated from the payment of a product or service, that must be renewed on a regular basis in order to continue receiving its benefits;[citation needed]
Dividend and interest income from owning securities, such as stocks and bonds, is usually referred to as portfolio income, which may or may not be considered a form of passive income. In the United States, portfolio income is considered a different type of income than passive income;
Pensions.[dubious – discuss]
Passive income
From Wikipedia, the free encyclopedia
Jump to: navigation, search
This article may require cleanup to meet Wikipedia's quality standards. Please improve this article if you can. (May 2008)
Passive income is a rent received on a regular basis, with little effort required to maintain it.
The American Internal Revenue Service categorizes income into three broad types, active (earned) income, passive income, and portfolio income. It defines passive income as income from "trade or business activities in which you do not materially participate."[1] Other financial and government institutions also recognize it as an income obtained as a result of capital growth or in relation to negative gearing. Passive income is usually taxable.
Some examples of passive income are:
Earnings from a business that does not require direct involvement from the owner or merchant;
Rental from property;
Royalties from publishing a book or from licensing a patent or other form of intellectual property;
Earnings from internet advertisements on websites;[citation needed]
Residual income, repeated regular income earned by a sales person, generated from the payment of a product or service, that must be renewed on a regular basis in order to continue receiving its benefits;[citation needed]
Dividend and interest income from owning securities, such as stocks and bonds, is usually referred to as portfolio income, which may or may not be considered a form of passive income. In the United States, portfolio income is considered a different type of income than passive income;
Pensions.[dubious – discuss]
Monday, December 7, 2009
The power of determination
Here is an interesting article from MSN Money, by Minyanville:
"Corporate leaders -- with their soaring salaries, fat-cat bonuses and ridiculous perks -- have become lightning rods for public outcry in recent years. Once upon a time, we might have admired the kind of prowess that takes an executive to the corner suite. But these days it's hard to muster warm feelings for anyone earning millions while so many other people search the job ads.
Or is it?
What if we told you that the woman leading Xerox had grown up in the projects on Manhattan's Lower East Side? That her mother used to keep her motivated by reminding her, "Where you are is not who you are." Even Ken Lewis, the departing CEO of Bank of America, learned the value of a part-time job -- in his case, selling Christmas cards after his father walked out on the family when Lewis was just 12 years old.
Here Minyanville profiles nine corporate leaders who exemplify the American dream. They started with little and worked their way to the top, accumulating status and wealth along the way."
I think this is a nice, positive piece that sheds light on the power of determination, and that it isn't evil to want to be successful, or wealthy.
"Corporate leaders -- with their soaring salaries, fat-cat bonuses and ridiculous perks -- have become lightning rods for public outcry in recent years. Once upon a time, we might have admired the kind of prowess that takes an executive to the corner suite. But these days it's hard to muster warm feelings for anyone earning millions while so many other people search the job ads.
Or is it?
What if we told you that the woman leading Xerox had grown up in the projects on Manhattan's Lower East Side? That her mother used to keep her motivated by reminding her, "Where you are is not who you are." Even Ken Lewis, the departing CEO of Bank of America, learned the value of a part-time job -- in his case, selling Christmas cards after his father walked out on the family when Lewis was just 12 years old.
Here Minyanville profiles nine corporate leaders who exemplify the American dream. They started with little and worked their way to the top, accumulating status and wealth along the way."
I think this is a nice, positive piece that sheds light on the power of determination, and that it isn't evil to want to be successful, or wealthy.
Sunday, December 6, 2009
Meeting December 15th Saturday
For all whom are interested I will be conducting a meeting at the Randolph Library from 10:30 am to 12 pm. We will be discussing the following: What is Rio de Dinero? What are your goals for 2010? What are some issues/opportunities that face the Spanish speaking demographic?
The reason for this meeting is to network, plan, and discuss multiple streams of income, and achieving all your goals for 2010. Be there!
Go to www.meetup.com for details.
The reason for this meeting is to network, plan, and discuss multiple streams of income, and achieving all your goals for 2010. Be there!
Go to www.meetup.com for details.
Wednesday, December 2, 2009
Some investing rules to live by
Here are some investing rules to live by, courtesy of www.dividendopportunities.com, article written by Lou Betancourt:
No-Brainer" Rules
1. Forget growth. Invest in income.
2. Reinvest your dividends.
3. Take the higher yield.
4. Small-caps beat large-caps.
5. Look overseas for higher income.
6. Choose fast-growing foreign markets.
7. Avoid taxes, legally.
8. Load up on monthly dividend payers.
No-Brainer" Rules
1. Forget growth. Invest in income.
2. Reinvest your dividends.
3. Take the higher yield.
4. Small-caps beat large-caps.
5. Look overseas for higher income.
6. Choose fast-growing foreign markets.
7. Avoid taxes, legally.
8. Load up on monthly dividend payers.
Monday, November 30, 2009
Freedom
This morning on my usual commute to work, I saw a majestic bald eagle in flight. It truly was inspiring to see that symbol of freedom, and the emblem for the United States. It reminded of how great this country can be and will be. It also made me think how I can become free as well too, free from the "rat race," and free from the 9 to 5 drudgery. It is time to "mind my own business," and plan for financial independence. Be free, be successful, like the now thriving again American bald eagle!
Friday, November 27, 2009
Time for Reflection
As 2009 reaches it's end, it is time to reflect, and give thanks. Be thankful for family, friends, and health. It is time to make plans to improve upon your situation. What is your goal? What are you going to do to achieve your goals? What is your motivation? What is your why? My why is my family, and financial independence. I will retire in 15 years. As for short term goals, my goal is to have a net worth of a 1 million by 2010, and to weigh 200 lbs. by 2010. I am setting the bar now, I can reach it. Hold me accountable.
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