Paying for a car repair without stress is just a small part of the picture. It’s more than just being able to afford emergencies. It’s knowing you don’t have to worry about retirement because you’ve worked with your financial advisor to invest consistently for decades. It’s the freedom to quit your J-O-B to do something you love, even if means getting paid less.

I was fortunate enough to have two friends who I’ve known for quite some time who are financially free and have been since their mid-twenties. I gravitated towards them and learned from them how they make income besides running their business and where they put their money to work. We still talk about investment opportunities, real estate, and various ways to make money.

@Palmetto - Thanks for the feedback. As far as making a pivot in my career, I just knew I needed to boost my credibility and change the path I was going on. Being in the computer science field, I was already technology driven and knew how important it would continue to be. I just looked into jobs that seem to be hiring the most and closely matched my interests, then looked at what I need to learn to be able to get that job. It wasn't too difficult because I already knew what I wanted to switch too and enjoy about some of my previous work. For other fields, I'm sure it might be more difficult to figure it out. But keep at it. Advice, really just do your research, make lists of what you enjoy/don't enjoy, what you'd like to learn more of and just dive in. Creating my own music blog was a huge stepping stone and opened more career choices. @Mrs Picky Pincher - Thanks for your point! I see where you are coming from. Agree, you shouldn't spend all your waking hours working, chasing the almighty dollar. However, I choose side hustles that are only a few hours a week or projects I know that won't consume my entire life. The reason I advocate for side gigs is because your full-time is never guaranteed. Sure you may be able to survive on some savings, but if anything were to happen to that job, you're in more of "what am I going to do" mode. I'm not in a panic for work because I have some supplement income still coming in while I continue to find the next gig. Just adds a bit less stress. And no, def don't want to think negatively about your future job, but something to always be mindful of. @Cody - Thanks! Hoping to contribute more to MM!
While I was nervous and scrambling to figure out what to do for full-time work, I began looking into digital marketing (I already had a blog about music that got me into SEO, analytics, etc.) and how I could improve my overall career worth. I wanted to find a job in something that I was really starting to enjoy as well as improve my future salary options. Here are the best skills to learn for the future.

Safety. Shit happens, so it’s best to create a Safety Net savings account with $500–$1000 for emergencies. Now listen: do not touch this money unless there is a true emergency (car repairs, medical bills, job loss, etc.). Your Safety Net will allow you to stay on budget even when life punches you in the face. Over time, once you’re out of debt (step 3 below), your Safety Net will grow to include several months of income. But for now, worry only about the first $500–$1000 to start, which you’ll want to keep in a separate Safety Net account to avoid temptation (more on that below).

We all know the feeling—the panic that sets into your stomach when you see the bill for an unexpected car repair. How are we going to pay for that?  But what if a car repair was just an inconvenience? Instead of worrying, you pay the bill without thinking twice. A week later you’ve forgotten that it even happened! That’s how little it affects your financial situation. It’s not an emergency. It’s barely a hiccup!
Another way to generate passive income is to invest and be a silent partner in a business. This is very risky, but with risk comes the potential for high returns. For example, several years ago both Lyft and Uber were looking for private investors to invest in their companies. Today, they are worth billions - but you as an investor would only reap that benefit if they go public via an IPO, or get acquired. So, it's risky.
If you know anything well, a place, how to fix something, how to make something, how to do something, you can write a guide for it. You can sell your guide as an e-book, offer it as a download for a fee on your site or reach out to bloggers with similar content and ask if they will offer it as a paid download on their website (for a price of course).
Financial freedom isn’t easy, but you knew that before reading this essay. The exciting part about these five principles is that they apply to anyone, anywhere on the socioeconomic ladder. Whether you earn minimum wage or six-figures, whether you are single or have half-a-dozen children, we have seen these principles work for thousands of individuals—because it’s not about our income level; it’s about the decisions we make with the resources we have.
As long as the network is legitimate, it can be a good way to pick up some extra money on a steady basis. You won’t make a fortune, since your rewards will be limited to how much money you will spend. You certainly don’t want to get carried away, spending money just to generate rewards. That could put you into a situation where you will spend more money than you will earn from the network.

Passive income differs from active income which is defined as any earned income including all the taxable income and wages the earner get from working. Linear active income refers to one constantly needed to stay active to maintain the stream of income, and once an individual chooses to stop working the income will also stop, examples of active income include wages, self-employment income, material participation in an s corp, or a partnership.[4] portfolio income is derived from investments and includes capital gains, interest, dividends, and royalties.[5]

I share this with to let you know how much your expertise and your creating this information means to me. I will now put this link to your site on the Inspire-EDNF (Ehlers Danlos National Foundation) site to help so many others like me. Living with this condition, I can become a hopeless mess. Today, THANKS to you, I can begin planning how to contribute not only to my family and savings but also to causes very close to my heart.


Well said Illidi. There are more ways than ever, mostly because of the internet. I think the secret is to put out a product or service that’s unique. Not that you have to invent a whole new business, but take an existing business concept, and add something unique to it. Because you’re absolutely right, everyone is getting into the game, making it harder to succeed.
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