About 3 years away from reaching Financial Independence (passive income ideas AMA)

[ashin1]

WOT?

RBS hasn't paid a dividend for ten years!!!!!!!

https://www.dividenddata.co.uk/divid...ry.py?epic=RBS

LMAO

I thought you meant RBC(royal bank of canada)

you should read up on that bank, very strong company as well.

[guest89]

Railways are highly cyclical. Prices of coal, agriculture and economic growth affect their share prices greatly. They got clobbered in the great recession.

I would recommend a basic 3 fund portfolio to minimize risk and simply own the market.

https://www.physicianonfire.com/read...s-three-funds/


https://www.bogleheads.org/wiki/Three-fund_portfolio

I'm aware of the 3 fund. I'm employed by a city so I really don't need money in the market to retire because I'll have a pension. Job is stable and my salary will only be increasing throughout my career. Any investing done is for fun and to hopefully afford me a greater life of luxury in my 50's onward.

I put the majority of my money in the S&P 500. I occasionally like to make side ventures however. I put last years tax returns into Alibaba and it has done fairly well. For my 2018 Tax returns I'll likely put it in another single stock. It won't be enough money to make or break me but it adds a bit of variance and enjoyment into investing even if its not the most efficient use of that money.

[ooph]

Buddy of mine owns a few websites/online companies, just decided to start making shirts to sell on amazon since he wanted to learn all about amazons sale system etc.

Dude made https://www.kewlfunny.com/ , he is averaging 16-18 shirt/sweatshirt sales a day. Making about $5-$6 each. All because he wanted to learn amazons sales/business/listing system he is now making $2500/mo by doing nothing but making stupid ****ing shirt designs on his free time before he goes to bed. Or if he thinks of something dumb/retarded that might be funny on a shirt. Or he finds shirt with phrases that look like ****, makes the font look good, less pixelated etc and then throws it on a shirt. Bam. All while his sales are increasing pretty fast, he only started this within the last 30 days too.

[The_Trooper]

Buddy of mine owns a few websites/online companies, just decided to start making shirts to sell on amazon since he wanted to learn all about amazons sale system etc.

Dude made https://www.kewlfunny.com/ , he is averaging 16-18 shirt/sweatshirt sales a day. Making about $5-$6 each. All because he wanted to learn amazons sales/business/listing system he is now making $2500/mo by doing nothing but making stupid ****ing shirt designs on his free time before he goes to bed. Or if he thinks of something dumb/retarded that might be funny on a shirt. Or he finds shirt with phrases that look like ****, makes the font look good, less pixelated etc and then throws it on a shirt. Bam. All while his sales are increasing pretty fast, he only started this within the last 30 days too.

as much as i respect the hustle all this bullchit merch being pushed literally crumbles the economy even more by outsourcing..

yup thas what we need to buy more chinese and tawain sht

inb4 but its designed in usa breh!!!

[Bassackwards]

pretty much.

honestly i think If i can make a least 35k a year i'll be content (this is mainly from my RE investments, stocks will be left untouched). I more than likely would work, but it would be more so just enough for me to keep my license to work and maintain competency.
the plan is to live off the rental income while letting the stocks grow until I want to crystallize my investment maybe 20 years from now), I want to have control of how quickly my wealth grows because I hope it will help out with taxation purposes.

have you thought about moving overseas? i'm eligible for early retirement in 10 years; between my pension, 401k and va disability check, i would be living like a king in south east asia.

[SaviorSelfJT]

"Financial independence "

"I more than likely would work"

Pick one?

They're not necessarily the same thing. Financial independence is only about having the choice of not working

[ashin1]

have you thought about moving overseas? i'm eligible for early retirement in 10 years; between my pension, 401k and va disability check, i would be living like a king in south east asia.

most definitely

[vt2medellin]

Here is a pretty helpful spending chart

Edit: Resolution is shyte, but I've attached the link
https://www.reddit.com/r/personalfin...y_a_flowchart/

Look to The Intlligent Investor by Ben Graham for a solid idea how to value invest.

(Disciplined budgeting + value investing) * time = wealth, especially if you make good money in the first place.

[iloveus]

Who does your agency promote? Your own projects, helping local offline business go online, online b2b, online b2c?

I've been hearing about digital marketing agencies pop up but I'm mystified as to which demographics they work with and promote.

Here are some resources for you:
https://www.thefastlaneforum.com/com...-simple.63602/


https://www.thefastlaneforum.com/com...-months.69971/


https://www.thefastlaneforum.com/com...s.83453/page-4


https://www.thefastlaneforum.com/com...4/#post-736086



Bonus:

http://thechive.com/2018/04/17/sarah...set-25-photos/

[Cuchulainn]

They're not necessarily the same thing. Financial independence is only about having the choice of not working

Or financial independence could be taking jobs that you'd do even if they paid you nothing. It's about freedom.

[tunafish01]

No idea why people are hating on OP. Miring that he has a goal at least. I have friends who are 33 with nothing in any retirement account. Ironically they all support Bernie too.

Hope to have that FI in the next 10 years.

[tunafish01]

Buddy of mine owns a few websites/online companies, just decided to start making shirts to sell on amazon since he wanted to learn all about amazons sale system etc.

Dude made https://www.kewlfunny.com/ , he is averaging 16-18 shirt/sweatshirt sales a day. Making about $5-$6 each. All because he wanted to learn amazons sales/business/listing system he is now making $2500/mo by doing nothing but making stupid ****ing shirt designs on his free time before he goes to bed. Or if he thinks of something dumb/retarded that might be funny on a shirt. Or he finds shirt with phrases that look like ****, makes the font look good, less pixelated etc and then throws it on a shirt. Bam. All while his sales are increasing pretty fast, he only started this within the last 30 days too.

How is the advertising done.

[tunafish01]

You'll be 58 in ten years, that's almost retirement age anyway?

Im 28 brah.

[0p3rator]

How is the advertising done.

Amazon merch (what his friend is doing) is a numbers game. The more designs you have listed, the more you can earn, but you have to sell X amount of shirts to unlock the higher tiers. You can pay for ads on AMZ, but many people do well with the correct keyword research, good designs and relying on the enormous organic traffic that Amazon offers.

[guest89]

They're not necessarily the same thing. Financial independence is only about having the choice of not working

Exactly. It could be rephrased as 'financial freedom'. In essence you don't need to work to earn a 'living wage' because you already have it. Doesn't imply you won't want to work or earn more.

[FreshlySnipes]

brb passive income
brb debt free
brb financial independence
brb several rental properties
brb other terms that imply your portfolio isn't just 2 trailers and a poverty condo

I have several properties in Canada

2 trailers

and one in Central America.

Nicaragua

my numbers are very conservative, my beach condo is suppose to be worth 300K USD after its built

And yet, just last year:

I bought a property in Nicaragua for 89k

Strong appreciation lol

dat smug feel when you live a better lifestyle than most

Currently living in a trailer
Planning on living in a garage

And no i will not live in a trailer forever lol.

actually i want to build a garage with a small living suite, and move there

Amazing lifestyle bro, definitely better than most.

I think you forgot to mention I am building a condo here

lol @ difference between that pic and the real one:

Here is a pic of me physically standing where my condo will be built with one of the resort builder

[muscle beast]

brb passive income
brb debt free
brb financial independence
brb several rental properties
brb other terms that imply your portfolio isn't just 2 trailers and a poverty condo


2 trailers


Nicaragua


And yet, just last year:

Strong appreciation lol


Currently living in a trailer
Planning on living in a garage


Amazing lifestyle bro, definitely better than most.




lol @ difference between that pic and the real one:

[ashin1]

brb passive income
brb debt free
brb financial independence
brb several rental properties
brb other terms that imply your portfolio isn't just 2 trailers and a poverty condo


2 trailers


Nicaragua


And yet, just last year:

Strong appreciation lol


Currently living in a trailer
Planning on living in a garage


Amazing lifestyle bro, definitely better than most.




lol @ difference between that pic and the real one:

lol wut?

so we all gonna act like I never bought 3 properties and will have them all paid off in 3 years?

yes i started with $100k in 2013 and by the time 2016 came by it grew to roughly $160k, to which I pulled out $20k to buy a trailer and pay for contracting expenses.

Being to back at ~$140k I kept it for almost 2 years (grew to ~$210k didn't contribute nearly as much as i did compared to the earlier days of investing, dat compound interest advantage ) and decided to take out $80k of that to put a down payment on a beach condo(legit rustled a line of welfare recipients in the process too LMAO).

leaving me with ~$120k, in the beginning of 2017, almost 2 years later and I am at ~$165k. since then I think i only made one $6k contribution to my brokerage the rest was all from dividends and compound interest.

It's like a money machine.

strong cope, but glad you are slowly getting the story straight, but you forgot one other important piece of information..

Spoiler!

backyard skatepark, and $100k in growing investments @ 23

[Voecheb]

I am glad somebody already posted Mr. Money Mustache and boggleheads boards. Here are more resources that I used to get started:

https://jlcollinsnh.com/stock-series/

Also read his book: The Simple Path to Wealth which is much like his stock series, but more extensive.

Read this short essay written by Warren Buffet: The Superinvestors of Graham-and-Doddsville or get the old PDF of it.

Or read this classic to get a more detailed picture than the essay above: The Intelligent Investor written by Warren Buffet's mentor - Benjamin Graham.

And for the minimalists and masochists out there: http://earlyretirementextreme.com/

[Hammersia]

brb passive income
brb debt free
brb financial independence
brb several rental properties
brb other terms that imply your portfolio isn't just 2 trailers and a poverty condo


2 trailers


Nicaragua


And yet, just last year:

Strong appreciation lol


Currently living in a trailer
Planning on living in a garage


Amazing lifestyle bro, definitely better than most.




lol @ difference between that pic and the real one:

I suspect at this stage Ashin has lost all track of how many trailers and unbuilt condos and garages he has.

I suppose technically any of us could claim to own any amount of condos if they are unbuilt.

[JitnikoVi]

I finally pulled the trigger and started investing. Dropped 3k between two bluechip stocks, going to sit on it for a few months and keep learning.

Probably wouldn't have started without this thread. Thanks.

[MrAWatts]

I finally pulled the trigger and started investing. Dropped 3k between two bluechip stocks, going to sit on it for a few months and keep learning.

Probably wouldn't have started without this thread. Thanks.

LOL, dun goofed. Should have sank it into a single-wide trailer.

[ashin1]

I finally pulled the trigger and started investing. Dropped 3k between two bluechip stocks, going to sit on it for a few months and keep learning.

Probably wouldn't have started without this thread. Thanks.

Cheers brah, you got the first and most important step done!
The fact you are actually doing what you are trying to learn will help mke it easier. I always find it odd how people will try and learn how to invest in the market. Yet don’t even have a brokerage account set up let alone setting it up properly.

As others have said, mr money mustashe is great, and I mentioned earlier I followed dividend mantra for information as well inspiration.

LOL, dun goofed. Should have sank it into a single-wide trailer.

For someone as old as you, I’m surprised you don’t have anything more useful to contribute to this thread.

[Adam16121]

brb passive income
brb debt free
brb financial independence
brb several rental properties
brb other terms that imply your portfolio isn't just 2 trailers and a poverty condo


2 trailers


Nicaragua


And yet, just last year:

Strong appreciation lol


Currently living in a trailer
Planning on living in a garage


Amazing lifestyle bro, definitely better than most.




lol @ difference between that pic and the real one:

[ashin1]

For those who are still unsure if they think dividend growth investing is for them, or have doubts on how it works. It really is as simple as buying a share of a company and being paid for that share, the most passive investment i can think of.



In that particular account by Novmeber 2017 I had received $3,786.44 in dividends.

This year by November 2018 I have received $4,269.68 In Dividends in that same account but I made 0$ to it this year.

Like I said in the OP, starting young is vital in getting those gains early in life.



Now a message to the children of the misc, please keep discussion ITT thread serious

[PowersKenny]

I finally pulled the trigger and started investing. Dropped 3k between two bluechip stocks, going to sit on it for a few months and keep learning.

Probably wouldn't have started without this thread. Thanks.

. Nice timing retard, I invested over $100k in SH Stock, the inverse of the S&P 500 three months ago, good luck with your short term losses, the buy and hold strategy is outdated, and doesn't work in bear markets,. Keep learning the hard way

[MarinoMike]

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHaa... holy ****ing ****.

Op doesn't even know characteristics of "growth" stocks, but yet is pushing for you to invest in them! what a fraud.

3 basic features of growth stocks:
1. High P/E
2. LOW dividend yield (most likely not even a div payer)
3. high P/B ratio

gtfo OP

[ashin1]

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHaa... holy ****ing ****.

Op doesn't even know characteristics of "growth" stocks, but yet is pushing for you to invest in them! what a fraud.

3 basic features of growth stocks:
1. High P/E
2. LOW dividend yield (most likely not even a div payer)
3. high P/B ratio

gtfo OP

not my fault the stock is growing so fast an attractive yield is hard to maintain

your immature brain doesn't realize the power of a low payratio, with average 5 years of dividend growth of 10%, on top of a consistently low dividend yield.

I can tell you right now if you are solely chasing a high yield you will fail.

It's plebs like you who look at CNR who squander many years of life wasting money on failed investments before realizing how solid that company is, you should see how well off their pensioners are, and CNR employs probably 24,000 people and they are a decently old company so I wonder how many pensions they are providing while still maintaining solid growth...




you see, I live where they work and I see how they operate.
I got buddies who work in the operating rooms of big oil rig/refineries and they tell me how much power CNR has over them.


Imagine, a company that makes $22B that doesn't run on their own time, rather the time of a train company.




I honestly hope people aren't reading your post and actually taking it serious.

[PowersKenny]

not my fault the stock is growing so fast an attractive yield is hard to maintain

your immature brain doesn't realize the power of a low payratio, with average 5 years of dividend growth of 10%, on top of a consistently low dividend yield.

I can tell you right now if you are solely chasing a high yield you will fail.

It's plebs like you who look at CNR who squander many years of life wasting money on failed investments before realizing how solid that company is, you should see how well off their pensioners are, and CNR employs probably 24,000 people and they are a decently old company so I wonder how many pensions they are providing while still maintaining solid growth...




you see, I live where they work and I see how they operate.
I got buddies who work in the operating rooms of big oil rig/refineries and they tell me how much power CNR has over them.


Imagine, a company that makes $22B that doesn't run on their own time, rather the time of a train company.




I honestly hope people aren't reading your post and actually taking it serious.

. Lol, now that you mentioned pensions, let's see how that plays out, if your curious, google US postal service pensions...also you have zero credentials,. Me 22 years in top 50 fortune companies as Strong financial analyst...some of your points are valid, yes in the long term , it's a good strategy..but listen young trailer owner..say we both have $100k in the market ( I have more), I fade the dip and actually short it ( as I did)..let's say market dips 20%, you now have 80k, I have 120k, then you keep plugging in..I invest not quite at bottom but close enough bc I know what I'm doing and we gain 20%, you now have$96k, ( still under your initial investment of $100k, I have $100k plus $20k inverse return ( look up Proshares SH, and 20% return on $120k is $144k, so I'm up $44k while your down$4k...that's what's happening now...the S&P has had a bull run longer than average and if you even follow anything finance related, this isn't a buying opportunity yet, it's got a ways to go...companies didn't doubke their real value in 5 years, this was easy fed policy and things that will hit the fan...end of lecture, mobile home brah

[guest89]

. Lol, now that you mentioned pensions, let's see how that plays out, if your curious, google US postal service pensions...also you have zero credentials,. Me 22 years in top 50 fortune companies as Strong financial analyst...some of your points are valid, yes in the long term , it's a good strategy..but listen young trailer owner..say we both have $100k in the market ( I have more), I fade the dip and actually short it ( as I did)..let's say market dips 20%, you now have 80k, I have 120k, then you keep plugging in..I invest not quite at bottom but close enough bc I know what I'm doing and we gain 20%, you now have$96k, ( still under your initial investment of $100k, I have $100k plus $20k inverse return ( look up Proshares SH, and 20% return on $120k is $144k, so I'm up $44k while your down$4k...that's what's happening now...the S&P has had a bull run longer than average and if you even follow anything finance related, this isn't a buying opportunity yet, it's got a ways to go...companies didn't doubke their real value in 5 years, this was easy fed policy and things that will hit the fan...end of lecture, mobile home brah

Even if true, 99.9% of people can't predict or time the market and will only come out a loser if they try.