Welcome to my income diary. If you wonder how do websites make money and how to make money with a website, you may find my reports useful.
I will keep my promise of releasing monthly reports on my online income. I decided to do that regardless of how much I make; In 2017, I am projected to made $20k on online income.
Having invested heavily into Real Estate in the past 2 years, I have learned a few lessons which I would like to share with you. Of course that in this article, I will be talking primarily about real estate in Portugal. Note that the lessons I will be sharing apply to the the Portuguese market only. You may think “Algarve Portugal real estate”, because that is very sexy and trendy, but I will actually be talking about real estate in Portugal as a whole. Note that the markets in Algarve and Lisbon are especially regulated, given that the majority of the leases are short-term leases.
My dear dudes,
I am starting a series of interviews, where I interview bloggers blogging about Early Retirement, Personal Finances, and related topics.
This time around, I bring you Brian from www.debtdiscipline.com.
You already know the life I want: I want to have no pressure to work for money, and still have my salary paid no matter what so that I live the good life.
Yet, what stops me from pursuing this dream?
My dear readers,
A lot of you ask me how you can increase the number of views, or what I have done to put my blog together, and I usually respond with one answer: value. Value, value, value. Really, if you deliver tons of value, you will get traction eventually. There are a few other things that matter:
My dear readers,
That is right – I am working on a book! I want to have it ready by the end of the month and hopefully, it will the start of the list Books. At this point, I have no idea when I will actually publish it because I am stuck with some legal issues. I had my Italian lawyer going through the first draft and at the end of it, I was more confused with what he told me than before.
Book: The Ten Roads to Riches (Affiliate link)
Rank: 10/10
Summary : here
Review (7/10)
I found the book The Ten Roads to Riches (Affiliate link) very digestive – written in very simple terms with a few jokes here and there – and with very attractive features; For one, the preface opens the mind of the reader for the rest of book and explains questions that arise immediately when we read the title (why ten roads – not more – and what are they?). Second, it is modular – each chapter pertains to a given road and you can skip it if you’re not interested in that particular road. Third, I like how Ken Fisher structures and categorizes concepts and ideas, as I often do that myself. An example of this is that Fisher picks up examples and frames them into specific chapters (aka roads). All the sub sections make sense to me. Things are structured well. Plus, many things are backed up with references, clearly my style too.
This is my summary of the book The Ten Roads to Riches (Affiliate link). Keep in mind that this is my summary, i.e. it may not be an accurate summary of the book.
Preface
The book starts off with a very concise Preface, which hashes out the contents of the book. Ken Fisher argues that getting rich is not wrong, and there are ten and only roads one can follow to become rich. Fisher says defends the existence of 10 roads based on his experience, given his 36-years old career, studying wealthy people; essentially, every wealthy individual fits into one of these roads (or a combination of them). Fisher also distinguishes his book from the books that explain the road “live frugal and save”, which is in fact covered in his book (Chapter 10). The Preface also enumerates all the roads upfront, advises for some parts looking offensive and puts the concept of richness under perspective.
My dear dudes,
If you subscribed to this blog, you have received awesome photos of the renovation of RP#3. Today, I want to expand more on the topic of real estate. Many of you ask me how can I buy Real Estate so cheap and yet have high appraisals.
Hey guys,
The concept of leveraging is very well known among investors; We prefer to use Other People’s Money (OPM) rather than our own money. The idea is simple: we can use our money to make more money and we use OPM to make more money too; the gains on our own money must be higher than the interest we pay on OPM.