Comments on: What is Financial Freedom?

By: What Your Finances Say About You | Passive Family Income

What Your Finances Say About You | Passive Family Income — Tue, 21 Jun 2011 03:26:04 +0000

[...] What is your definition of financial success? [...]

By: What is Discretionary Income | Passive Family Income

What is Discretionary Income | Passive Family Income — Thu, 16 Jun 2011 12:28:23 +0000

[...] The bottom line is that each purchase a person makes could be debated if it was done so with discretionary funds or not. The more discretionary income a person has at their disposal, the more leverage they will have in becoming financially independent. [...]

By: Pay Down Your Mortgage | Passive Family Income

Pay Down Your Mortgage | Passive Family Income — Thu, 09 Jun 2011 02:59:47 +0000

[...] one simple goal when it comes to our personal finances – to become financially independent. Financial freedom has various meanings to different individuals. For my wife and I, it is the concept of building [...]

By: Save Money on Your Mortgage

Save Money on Your Mortgage — Fri, 12 Nov 2010 11:48:31 +0000

[...] Financial independence can only be achieved by taking two separate but equally important actions. The first is to find new opportunities to make money while growing your existing income streams. This is the more glamorous of the two and the one that everyone wants to talk about. The only issue is that earning lots of money does not always translate into wealth or independence. I know plenty of people who make six figure incomes who have no savings and are far from becoming financially independent. [...]

By: Cutting out Snacks to Save Money

Cutting out Snacks to Save Money — Wed, 01 Sep 2010 11:34:46 +0000

[...] It wasn’t until I started revisiting our family budget a few weeks ago that I truly realized how much I was spending each month at the vending machine. On average, I spent about $40 to $50 a month on afternoon snacks and beverages so I could get through the rest of the day at work. That is around $500 per year in wasted expenses that were helping to hold us back from becoming financially independent. [...]