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Why We Chose Profit

“Why We Chose Profit” from 37 signals. Favorite quote: “Profit is the ultimate shield against bullshit.” Interesting that even though they have over 50 employees, they are still an LLC and not a C corp, and this simple structure allows them to pay monthly dividends to their employees as they see fit.

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The Reason for this blog

It occurred to me the other day that the title of this blog and the very first post seemed a bit “privileged.” It might come across that I’m asking “how do you milk other people of their money?” or how are some people “lucky enough to inherit this money?” I think the former is dishonest, […]

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Random Thoughts on Using OPM (Other People’s Money)

Question: I would like to hear from someone who didn’t have any money and used someone else’s $$$’s to invest. I don’t understand this concept and need to learn more about it. Answer: It’s everywhere! Probably the most common strategy is in real estate – it’s not “no money” – but 20% money. For instance, a […]

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Getting Laid Off

Often if you say you’ve been laid off, you get these sorry looks or sorry comments. It took me my first layoff to figure out a layoff is not the same as getting fired.  You get fired when you are bad at your job.  You get laid off when something out of your control happens […]

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Income/Financial Freedom Report – January 2017

I didn’t think it was possible to actually *lose* money with passive income.  Turns out I’m wrong. Here’s the summary: https://www.dropbox.com/s/cqnpw0mh327lw59/Screenshot%202017-02-06%2001.05.09.png?dl=0 https://www.dropbox.com/s/xowbu1iu82c2k6c/Screenshot%202017-02-06%2001.05.27.png?dl=0   Notable Items: Lending Club Increased my position in lending club from roughly $6k to $10k, and decreased my monthly contributions to retirement from $400 down to $100. As I see it, you […]

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Income/Financial Freedom Report – December 2016

  Here’s the summary: https://www.dropbox.com/s/7fji81fhe4hn11v/Screenshot%202017-02-05%2001.20.25.png?dl=0 https://www.dropbox.com/s/1osvu0bflyjs4da/Screenshot%202017-02-05%2001.16.36.png?dl=0   Capital One Savings/Money Market I’ve got about $50k in savings.  I’ve always been what the M1 group calls an “avoider”.  It’s basically someone who doesn’t want to think about money. What this meant for me was that I would save some money, but I’d never check my bank […]

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Income Reports

As my “day” job winds down and I try to replace my active income with passive income, I figure I should start posting monthly “income reports”.  A bunch of other bloggers are doing this.  It’s fascinating to watch. Although I doubt anyone is reading this (as of yet), I think posting this publicly will hold […]

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First post

How does one become rich? How does one do it without working? These are the things I plan to figure out soon and the purpose for this blog.