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3 Stocks To Buy For $1000 Passive Incomeš°, Blogger Makes $2000 a Day Sailingāµ, Huge Day For Stock Marketš
FIREwatch Financial Independence Update -25th August, 2022
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FI/RE
This Blogger Makes $2,000/Day While Sailing Her Family Around the World. How She Became Financially Independent at 30 (7 minute read)Michelle Schroeder-Gardner was living paycheck-to-paycheck despite having an MBA in finance. Over the next eight years, Schroeder-Gardner cut living expenses and increased her income through side hustles. One of those strategies was to start a finance blog called Making Sense of Cents, which she established in 2012. Her blog now generates $760,000 annually in passive income, and the couple live on the water nine months out of the year.
How Much Money Do The Top Income Earners Make? (5 minute read)A great piece from Financial Samurai's archives on what the top 1%, 5%, 10%, 25%, and 50% earners make: "Ever wonder how much money do the top income earners make? Once you know how much the top income earners make, then you can better shoot to be a top income earner yourself. After all, everything is relative when it comes to money".
6 stages we go through on the way to financial independence (5 minute read)Even the smallest step matters if your goal is to be financially independent. Income alone will not bring independence if you spend more than you earn and accumulate debt. It is important how you manage your finances - this article talks about the 6 stages of reaching FI: Addiction, Creditability, Stability, Independence, Confidence and Wealth.
Opinion | Why students benefit from financial independence (2 minute read)This is an opinion piece by on why Financial independence is a key step in students preparing for adulthood. Students who enter the workforce in some capacity in their late teens or early twenties may avoid larger financial mistakes or risk-taking behaviors later in life. But for many, working can complicate oneās ability to receive financial aid. This leads many to not enter the work force during their college career.
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Investing
Why Tomorrow Could Be a Huge Day for the Stock Market (6 minute read)The Federal Reserve chairman Jerome Powell is set to address the public tomorrow. Investors have been watching the Federal Reserve closely to see how the agency will proceed and as a result, Powell has the opportunity to provide the market with more clarity. He will also provide his view of the current state of the economy, giving a unique insight into the market.
U.S. stock futures get a boost ahead of Jackson Hole meeting (5 minute read)U.S. stock futures rose on Wednesday amid thin summer trading as investors waited for an update on the Fed's thinking at the end of the week. On Wednesday, the Dow Jones Industrial Average DJIA, +0.18% rose 60 points, or 0.18%, to 32969, the S&P 500 SPX, +0.29% increased 12 points, or 0.29%, to 4141, and the Nasdaq Composite COMP, +0.41% gained 50 points, or 0.41%, to 12432. The S&P 500 is up 12.9% from its mid-June low but remains down 13.1% for the year to date.
Want $1,000 in Passive Income? Invest $4,626 in These 3 Stocks and Wait 5 Years (4 minute read)Building an income portfolio is a function of a couple of things. First, look at your financial goal and then work backward. In this case, let's say an investor wants to generate $1,000 in passive income from three stocks in five years. The next step is to find three good stocks and then calculate how many shares to buy to generate that income. The three stocks are Realty Income, STORE Capital and Duke Energy. Triple-net lease REITs are conservative stocks that are less sensitive to the economic boom and bust cycle and Regulated utilities are highly conservative income stocks.
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Top FI/RE Reddit Posts
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Best of FI/RE Twitter
#1
Everyone should have a side hustle that earns $150+ per day.
The problem?
Most people don't know where to begin.
Here are 4 quick examples that might help:
ā
— Justin Welsh (@thejustinwelsh)
Aug 24, 2022
#2
FINE PRINT Re: Biden's new Student Loan Forgiveness Plan
1. This is the final extension to the student loan repayment pause - with payments resuming in January 2023. 1/
— NaiRobi - Tech for Abolition (@Tech4Abolition)
Aug 24, 2022
#3
Debt hurts your ability to invest in your future.
Debt robs you of your future, because you are using money you earn today to pay off things from your past.
Credit cards should be paid in full each month.
— Andrew Lokenauth talks Investing, Crypto & Stocks (@FluentInFinance)
Aug 24, 2022
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Wisdom Of The Week
Rich people believe āI create my life.ā Poor people believe āLife happens to me'
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