Within the last six months, two couples with whom Rosa and I are acquainted have received inheritances of $50,000, more or less, from the estates of their parents. They are Baby Boomers like us. How each couple used their inheritance money is revealing. Spenders One couple is still working, earning dual professional incomes, as they [...]
You come across this statement or a variation of it all of the time in advertising or sales material: Anyone can do it (profit from it, make money from it, succeed at it, and so forth). I’m sure I’ve been guilty of using that wording in some of my posts here at LiveOnCash Blog. Often [...]
The key to achieving financial independence is passive income. In fact, financial independence is defined by passive income. Passive income is money you don’t have to work for. It is usually derived from some form of work you have done previously, work that continues to produce income over time without any additional effort on your [...]
