Financial independence Financial independence is generally used to describe the state of having sufficient personal wealth to live, without having to work actively for basic necessities.[1] For financially independent people, their assets generate income that is greater than their expenses. For example, a person's quarterly expenses may total $4000. They receive dividends from stocks they have previously purchased totaling $5,000 quarterly, while also having more money in other assets. It does not matter how old or young someone is or how much money they have or make. Approaches to Financial Independence[edit] Since there are two sides to the assets and expenses equation, there are two main directions one can focus their energy: accumulating assets or reducing their expenses. Asset Accumulation[edit] Accumulating assets can focus one or both of these approaches: Expense Reduction[edit] Calculation[edit] A general calculation for the time required to reach financial independence is as follows: References[edit]
11 Poverty Traps You Must Escape Right Now If You Ever Want to Become a Millionaire Important shit right here: Be guided by external need, but be driven by internal passion. A close second to these atrocious "how to become a millionaire" articles is the equally atrocious guru advice of "do what you love", "follow your passion" and other narcissistic self-loving platitudes. Ahh, yes another Brawny moment for my coffee. So let me get this straight: you love knitting? Well... guess what?! No none gives a fuck! Honey badger don't care! Your personal motives and "loves" to starting a business are absolutely irrelevant to the marketplace. I can spot self-centered "do what you love" entrepreneurs a mile away; their businesses drown in entrenched marketplaces, often solving no genuine needs or problems, rotting into a "sell your soul for the best price" existence — call it for what it is — a selfish entity conceived from a selfish mindset. Seriously, do you think anyone gives a fuck about your love for video games if it isn't solving my problem spectacularly? Solutions!
The Cash Flow Quadrant Explained By Robert Kiyosaki The Cash Flow Quadrant is an important diagram presented and explained by Robert Kiyosaki: "There was an important diagram my rich dad showed me when I was a little boy. It was a diagram known as the Cash Flow Quadrant. And the Quadrant is made of four different people who make of the business world. So my rich dad said, "In the business world there are Es and E stands for employees. And the employees, you can always tell who they are by their core values. The other one of the four is the S for the small business owner or the self-employed and again their core values will cause them to use the same words which are, "If you want it done right, do it by yourself." On the right side of the Cash Flow Quadrant are the Bs. They'll say, "I'm looking for good system, good network, and the smartest people I know to help run my business." And then, the fourth of the Cash Flow Quadrant is the I. Whereas my poor dad said, "work hard..." To my rich dad that was bad advice and made no sense.
Google Making It Easier for Developers to Build Mobile Apps Google is making it simpler for developers to build and sell their apps by essentially automating the back end of apps development so developers can focus on adding cool and useful features and innovative marketing. That's the idea behind the new Google Mobile Backend Starter, which is designed to remove some of the complexity and tedium that app developers hit as they build their apps and add them to the cloud where they can be sold, according to a June 3 post by Brad Adams, product manager for the Google Cloud Platform, on the Android Developers Blog. "Many of the best mobile app experiences are powered by services in the cloud," wrote Adams. "However, running your own servers can detract from focusing on your client experience. Google App Engine has long been a fantastic platform for mobile developers such as Pulse and SongPop.
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