Author: Living A Free Life Today

It’s not personal, it’s just business!

Here’s a summary of the main points of the book: The Theory Of Business Enterprise. It’s an interesting read and it definitely reflects the direction of our societies today. The video by Ray Dalio sums up the first few chapter of the book. Our entire society is turning into a giant business and everything is getting impersonal. [embedded content] Introductory Veblen’s main points: The majority of businesses today are run for profit in a machine-like manner. Businessmen reap the most reward by creating a system. The system gives them wide indirect authoritative control of our daily lives. People can...

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How I Generated $900 Of Passive Income In Real Estate

There are many ways to invest in real estate and there’s no one right way to invest. People are becoming millionaires and billionaires using this asset class longer than stocks, bonds, and options. With the price of real estate out of reach for many ordinary people, many of you are probably curious to find out how I generated $900 of passive income each month. In this blog post, I’ll discuss how I got a taste of becoming a landlord using a little bit of creativity. Why I invest in real estate? Now, I’m an ordinary person and the reason I...

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Breaking The Law Of Our Modern Reality

I was first introduced to the term Veblen good while taking economics 101 in college. Back then, I didn’t have much time to apply what I’ve learned to my daily life due to academic and social commitments. Now, with more time on my hand and less pressure to do anything, it’s probably best to revisit the concept of Veblen good. According to Wikipedia, “Veblen goods are types of material commodities for which the demand is proportional to its high price.” Veblen’s theory is more than a century old, but it still seems to be quite reflective our modern reality....

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8 Investments To Beat The Time and Money Paradox

Time and Money Paradox Time flies. Do you remember playing soccer with your primary school friends like it was yesterday? Do you also recall the crazy DOTA and CS late night gaming sessions with your buddies? Somewhere during the phase of my life called “growing up,” I was told to study hard so I can eventually be “somebody.” According to the Father-Mother-Dictionary.com, the definition of a “somebody” is a person who is NOT a road-sweeper, a garbage collector, or a construction worker. Now, my parents didn’t specifically say that I needed to be a doctor or a lawyer. However, if I wanted...

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Passive Income Report – December 2016

Here’s a quick update on December’s income report. I’ll show you my passive income last month and track how I did. I’m sharing my passive income report publicly for three main reasons: Debunking the myth of online passive income: Before I started blogging, I knew nothing about making money online. I thought the fastest way to increase my income is to work super hard, bask in recognition, and then get promoted. The only side job that I knew was tutoring. Now, I didn’t think tutoring was worth my effort since I was charging SGD$25/hr before I received my college degree. 4 years later, the...

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Copying Your Way To Riches

Many things we do in life aren’t really new. According to Havard Business Review (HBR), some of the most successful businesses such as GoogleCloud Storage, and DropBox are imitations of each other. Rather than harping on coming up with an entirely new idea, maybe, the best way to make financial progress is to simply copy successful people. A great example is building passive income. To get from your position to your final destination, all you have to do is to emulate somebody. The tricky part is finding out what they did, how they did it, and then finally adapting...

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Why you should create an online business

In my previous life, I was confined in a cubicle working 9-to-5. I was unsatisfied and unhappy. So, I decided to take a leap of faith by starting my own business! Yes, I fought tooth and nail to quit my cushy corporate job. I resisted all well-heeded advice from my friends on the “terrible mistake” that I’m making. I was labeled weird, contrarian, stubborn, crazy, and many fun vocabularies. Guess what, I didn’t care about the stigma of an online business. And here’s why not caring about what other people think will create an extraordinary life for me. Benefits Of...

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Reading Books To Create Passive Income

Every day when I wake up, I feel like there’s an invisible Morpheus saying this to me, “This is your last chance. After this, there is no turning back. You take the blue pill—the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill—you stay in Wonderland, and I show you how deep the rabbit hole goes. Remember: all I’m offering is the truth. Nothing more.“ I’m not Neo. I like to think I am. I can choose to be in THE MATRIX by taking the blue pill. All I have...

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How To Be A Passive Income General (Mission 2)

The following is mission two of the guest post by Karl Steiner, a retiring foot soldier embarking his freedom journey as a Passive Income General. Today, he’ll talk more about his recruit days, specific attack strategies to conquer The Hill of Passivity. Finally, he’ll share his ideology as a Passive Income General. His battle scars can be found at here. So, what are the requirements to bridge from day job servitude to building up multiple income streams, and finally gaining freedom? It really depends on your specific situation: age, skills, personality, location, and outlook. No one can give you...

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How To Be A Passive Income General (Mission 1)

The following is a guest post by Karl Steiner, a retiring foot soldier embarking his freedom journey as a Passive Income General. Sitting in his comfy armchair, he recounts the sacrifices to generate passive incomes. He warns us the propaganda of corporate servitude and encourages us to liberate ourselves. His battle scars can be found here. The Battle of Real Estate Hill About a year ago, I walked up to one of my rental properties to find the garbage disposal unit sitting in the front yard. I asked the renter about it. He said the disposal unit was broken, so he had it...

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Passive Income Report – November 2016

Here’s a quick update on November’s income report. I’ll show you my passive income last month and track how I did. I’m sharing my passive income report publicly for three main reasons: Debunking the myth of online passive income: Before I started blogging, I knew nothing about making money online. I thought the fastest way to increase my income is to work super hard, bask in recognition, and then get promoted. The only side job that I knew was tutoring. Now, I didn’t think tutoring was worth my effort since I was charging SGD$25/hr before I received my college degree. 4 years later, the...

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3 ways to navigate your passive income streams

I’ve recently visited the land of Skype, Sony Ericsson, köttbullar, and ABBA. Yes, Sweden. Unlike many chest-beating capitalist nations, Sweden is actually a socialist country (think Vietnam). During my short stay in the capital city, there were tons of friendly blue-eyed Vikings offering their help at every street corner. Stockholm is so well-designed that I felt like I was walking in a giant Ikea store! It’s hard to say goodbye to such an amazing city. For some of my extremely well-traveled readers, you’ve probably been to Vasa Museum. Now, I’m not someone who likes to preach. But the Vasa story is...

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The Rat Who Quit Racing

Somewhere along the lines of growing up, we have all been told to do the “right” thing. We have been forced by our parents to jump through the hoops of education so we’ll get good paying jobs. As soon as we enter the workforce, we are pressured by our society to demonstrate our success with the purchase of expensive cars and luxury homes. Then we are supposed to upsize our lives through jet setting ways and exotic vacations with each promotion. However, the major problem with the rat race is that there is no end line. Nobody is waiting...

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Are you ready to get retrenched?

Growing up, I was instructed by my mom to save. She would always question me on the things that I bought with the money she gave me. And the interrogation almost eventually end with the question, “So how much did you save today?” SGD$2 was a pretty huge sum of money then. I was 12-years old and all I knew was that I could purchase a bowl of noodles, some snacks, and a bus ride home. In those days, you can do a lot with SGD$2. Today, you’ll have to struggle pretty hard to get anything. Oh well, inflation!...

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Investing in real estate while I’m young

Some of my friends recently expressed surprise to the stuff I’m doing. I’m seriously investing in real estate because I like to generate passive income so I can focus on stuff I like to do, ie. writing this blog. Why not just stick to stocks? I’m not a big fan of technical investing, chart reading, etc. The reason is: I don’t know how to time my entry and exit. I see funny diagrams when I tried to chart. Most importantly, I don’t have a crystal ball. I don’t know about you, but I don’t like paying SGD$5,000 for some...

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