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Random Thoughts on Money and Financial Freedom




Random Thoughts on Money and Financial Freedom




Somewhere in my younger years I was convinced that ‘money’ is the root to all evil, as the saying goes.

But at the same time, we all want nice careers and make enough money so that we are financially stable and able to travel and do the things we want to do.

And financial freedom is something that I wish I would’ve focused on early in my life. Money is not the root to all evil, but a means to gain freedom from toiling and sweating in the workplace. But, how can we gain financial freedom so that we can have the time (very important) and resources to do all the things we have always wanted to do?

Well, that’s a good question, and it’s been in the back of my mind for quite sometime.

Income Streams and Financial Independence

All my life, I’ve worked 2-3 jobs at a time. When I worked at the bank, I was also a professional musician, and I would do things on the side like have yard sales and such.

Now that there are many opportunities online to make some money, or follow leads that could lead to earning money, it’s important to note that ‘income streams’ are a way for one to generate positive cash flow.

Passive ‘income streams’, like buying dividend stocks with a nice annual yield are one of the best ways to let your money work for you and earn money while you’re sleeping, so to speak.

Compounding investments can help grow a portfolio, slowly but surely, and I’ve been getting into DRIPs (Dividend Re-Investment Program) lately to buy more shares with the dividend earnings, which in the long run is a great way to compound investments.

But even though a Money Market account or Certificate of Deposit is at a lower interest rate, the compounding of these investments will also help build wealth, especially in retirement when you need funds to get by and hopefully to travel more and do activities that cost money.

Financial Independence

“Financial independence is the state of having sufficient personal wealth to live, without having to work actively for basic necessities.”Wikipedia

Myself, I don’t plan to retire anytime soon but I DO want to have income streams that I can manage and activities that are more passion-related, like playing music, that will still give me some income while enjoying performing music.

U.S. Currency
Tuesday October 24, 2017 by Carlos Rull
Filed as: Investing

Monday July 31, 2017 by Carlos Rull
Filed as: Investing

Friday April 28, 2017 by Carlos Rull
Filed as: Investing, Stocks
Buddha Morning
Wednesday April 5, 2017 by Carlos Rull
Filed as: Frugal Living, Investing

Sunday May 20, 2012 by Carlos Rull
Filed as: Frugal Living

Wednesday April 25, 2012 by Carlos Rull
Filed as: Investing, Stocks

Friday April 20, 2012 by Carlos Rull
Filed as: Investing, Stocks

Tuesday April 10, 2012 by Carlos Rull
Filed as: Frugal Living, Investing, Stocks

Saturday February 25, 2012 by Carlos Rull
Filed as: Frugal Living

Sunday January 1, 2012 by Carlos Rull
Filed as: Frugal Living, Investing

Tuesday November 29, 2011 by Carlos Rull
Filed as: Investing, Stocks

Monday October 24, 2011 by Carlos Rull
Filed as: Frugal Living, Investing

Tuesday January 30, 2007 by Carlos Rull
Filed as: Frugal Living


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Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and Amazon.com.

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