Posts Tagged passive income
Corporate Barbarian Links: Passive Income Edition
Posted by enrique s in Links, passive income on August 15th, 2009

Photo by Tracy O
I finally made some money from the Amazon affiliate program! Thank you to whoever ordered an item through one of my links. Here are some good posts that follow this week’s passive income theme:
Captain eHow (love that name) is on pace to reach his August eHow income goal. He’s well ahead of last month’s pace. His site is new, so check it out.
Pat at Smart Passive Income has created a page dedicated to eHow. He shows a projection of what he could have earned had he written 150 eHow articles each month. Not too shabby.
Passive Family Income gives us his progress toward his 100 eHow article challenge. He’s already written 25 articles!
Not to be outdone, his friend Chasing the Bull has set his own goal of 100 eHow articles. He’s behind at the moment, but very determined.
Have a great weekend!
Follow me on Twitter: CorpBarbarian
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5 Things to Know About Social Security Photo by alan(ator) Yahoo! Finance recently published a guide to the five most common questions about Social Security benefits. You can read the original article by clicking on the following link: What You Need to Know About Social Security Given all of the doubt that the entitlement program will...... -
5 Financial "Widow Makers" e³°°° I was driving to the store with my son the other day, when I narrowly missed a large tree branch that was lying in the street. "I hope nobody was under that widow maker when it fell", I said. My son asked "why do they call it a...... -
8 Things that Will Get You Fired Photo by clementine gallot A recent Yahoo! Shine article discussed the 4 lies that can cost you your job. I'm sure that we've all experienced some of these first-hand. You can read the original article by clicking the following link: 4 Lies that Can Cost You Your Job The......
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What Are Passive Streams of Income? If you’re trying to make more money, chances are you’ve heard the phrase, multiple income streams. However, there are two main types of income streams that you can use, and they are quite different. The first is known as active – and as the name implies, this is a type...... -
4 Ideas to Create Multiple Income Streams Online In the past, creating multiple streams of income required a lot of footwork and there were few passive stream opportunities available. However, thanks to the Internet, it has never been easier to create multiple streams of income online and many are passive! Let’s go into a few ideas that you...... -
Links: New Redesign Edition You may have noticed that Lazy Man and Money and Lazy Man and Health have undergone a redesign recently. I have gotten some excellent feedback thus far, including my suggests on how to improve it further. I can always use more feedback, so if you have an idea, please consider......
Corporate Barbarian Links: Boston Massacre Edition
Another big Yankees-Red Sox series this weekend, and the Yanks started out in first place this time! What a difference a couple of months makes (This is where all of the Red Sox fans unsubscribe
). Nothing wrong with a little friendly rivalry. Look, I even included a picture of Pudge! I know it’s a long season, and we’ll have to see the Sox in the playoffs. They even won on the 30th anniversary of the Thurman Munson Game. I remember Bobby Murcer had a big night against the Orioles after giving a eulogy earlier that day at the Captain’s funeral. And what a pitchers’ duel last night!
This week we’ll start with the guest posts:
Bob at Five Cent Nickel shows us how to calculate our real hourly wage. He factors in commuting time, overtime, and aggravation.
Karawynn at Get Rich Slowly is auditioning for a staff writing position. She takes us on a visit to the Island of Misfit Foods.
A.J. Clark is also auditioning at Get Rich Slowly. He’s documenting his journey to pay down his debt. He’s already made some good progress.
Now, on to the regular posts:
Jim at Bargaineering offers some things to do while you’re on furlough. I liked his suggestion about updating your resumé every three months.
No Credit Needed gave a close check of his medical bills after his kidney stone procedure. I can sympathize; kidney stones are brutal!
Jacob at Early Retirement Extreme talks about upcycling to turn waste into goods. He also welcomed readers from Survivalblog. Maybe they’ll read my Self-Reliance Series.
Blunt Money is looking for long-lasting clothing. I recommended Duluth Trading for casual clothes.
Five Cent Nickel discusses the fallacy of relative price evaluation. He says we need to look at actual dollar amounts instead of viewing things in a relative context.
David at My Two Dollars recycled some of his childhood toys for his relatives. It’s nice that some things get a second life.
Passive Family Income is breaking down his income goals into daily amounts. He’s made great progress already writing eHow articles.
Steve at Brip Blap sometimes finds his inspiration in low-brow topics. So do I. I love the Three Stooges.
Patrick at Cash Money Life is growing dependent on coffee, due to his new baby. You do what you have to do when it comes to midnight feedings. When he needs to quit the java, he can read this post.
Have a great weekend, and GO YANKEES!
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Link roundup: Awana edition My daughter got her first Awana patch for memorizing her verses on Sunday. Woohoo! Here are some links of interest from the MBN and other blogs in my reader: No Credit Needed speaks his mind about bank buyouts and bailouts. All Financial Matters posts the grim statistics on the Dow...... -
Welcome to the Financial Hard Truth - Can You Handle it? Welcome new readers and visitors to Tough Money Love, one man's blog about the hard truth of money and personal finance. This is a place for me and for you to read and share information and opinions on all aspects of our financial lives. If you are new to this...... -
Weekend Round-up: Red Sox Clinch Edition With the Red Sox clinching the AL East for the first time in 12 years, I can finally relax a little bit. That relaxation is going to last only a couple of days. The playoffs start on Wednesday of next week, so it will be nail-biting time again. For the......
Are Your Savings on Track for Retirement?
Posted by enrique s in Money, Retirement on August 3rd, 2009

Photo by aussiegall
A Business Week article by Amy Feldman helps you evaluate your retirement savings. You can read the original article by clicking here: Sizing Up Your Nest Egg
The article offers data points for your retirement savings, in order for you to gauge if you’re on the right path. The formula is based on multiples of your current salary.. According to Brett Hammond, TIAA-CREF’s chief investment strategist, you should have saved:
- 2.1 times your salary by age 35;
- 3.6 times your salary by age 45;
- 5.4 times your salary by age 55;
- 7.7 times your salary when you retire at age 65.
There are certain assumptions made, such as a 4% annual salary growth, a 6% return on investments, and a 25-year retirement period to finance. That would put me at the ripe old age of 90. I should live so long. His lips to God’s ears. So how are we doing based on Hammond’s parameters?
When Hammond looked at the retirement readiness of a sample of TIAA-CREF’s more than 3.2 million participants, he found the vast majority were on track. But their average savings rate of nearly 17%-including both employee contributions and those from their employers-is far higher than that of the typical 401(k) participant, which is in the single digits. Among those participants whose total contributions are less than 10% of their pay, their average assets about equal their salaries-nowhere near enough.
The last sentence should serve as a wake up call to workers who have neglected their retirement planning. Obviously, we’ve all taken a big hit over the last year to our 401(k)s. My savings aren’t where I’d like them to be, but I don’t see any buzzards circling. I still have time to recover.
So, how will I ensure that I have enough? My first step is to increase my income. I hope to accomplish this through the development of multiple income streams, so that I’m not reliant on just my salary. My current avenues of interest are online income generation and dividend-producing stocks. I may also look into purchasing tax liens. There’s a good book on the subject called The 16% Solution. You can buy it by clicking on the following link:
How are you doing with your retirement savings? Do you come close to the parameters set forth in the article, or do you have a ways to go?
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Corporate Barbarian Links: Graduation Party Edition bionicteaching We threw a graduation party for my son, two weeks prior to his real graduation. We did it early because we wanted our relatives to attend, and didn't want to interfere with everyone's summer vacation plans. It was great to see family and friends that I usually only...... -
Outsource-Proof Jobs This article on Yahoo Education listed the best jobs that will not be outsourced overseas. Let's take a closer look at these: Education Administrator, Elementary or Secondary School Younger students will need live teachers, and live teachers require supervision by administrators. I guess you could also add live teachers to...... -
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How to Start Saving More Right Now For many of us, saving is something that we always plan to do, but never quite get around to it. The bottom line is, if you don’t have a savings account and a regular plan for putting money aside, you may regret it in the future, especially as you get...... -
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5 Financial “Widow Makers”
Posted by enrique s in Career, Insurance, Money, Retirement, lifehack, passive income on July 29th, 2009
I was driving to the store with my son the other day, when I narrowly missed a large tree branch that was lying in the street. “I hope nobody was under that widow maker when it fell”, I said. My son asked “why do they call it a widow maker?” I explained that when you go camping, you shouldn’t make camp under a large, dead branch, the reason being that if it breaks off, you’re squished, leaving your wife a widow. Hence, the name. A widow maker is an accident waiting to happen, because someone neglected to perform the proper maintenance.
This got me thinking about all of the catastrophic events that may befall us financially. While they may not kill us, they can put a real hurt on our financial futures. Let’s take a look at some of these potential devastators, and the things we can do to lessen their occurrence:
Job loss - this is a killer if, like most people, you rely on your job for your primary income. If you’re working in an industry that’s ripe for layoffs, like the defense industry, this might be a good time to be proactive. Read this post about how not to get laid off. If you’re lacking in job skills, take a few classes to get you up to speed. Try turning that hobby into a second income. Start a blog, or set up some websites with affiliate links. As a last resort, pass on that vacation. You can use the payout if and when you do get laid off. These steps could add some income to help stretch your unemployment benefits until you find another job.
Illness - this one is hard to predict. Even if you take reasonably good care of yourself, you could still be afflicted with a disease like cancer, or be involved in a car accident that prevents you from working. In this case, the best defense is a good offense. I’m talking about long-term disability insurance. Many of you may balk at the cost. My answer to that is, if you had a machine that printed money, would you insure it against damage? YOU are that money making machine. Make sure that those dollars keep coming in, even if you can’t work for an extended period. I have coverage available through my job.
Divorce - we’re supposed to marry for better or for worse, yadda yadda yadda, but sometimes things just don’t work out. In matters of love, fools rush in where angels fear to tread. I know that Mel Gibson’s no angel, and his wife will get half of what he owns. We’re all on a smaller scale, but losing half of your net worth would be devastating. Choose your mate wisely. Think compatibility, and find someone who shares your financial values. Maybe a prenup isn’t out of the question either. It may save you some aggravation in the long run.
Stock Market Crash - have you looked at your 401(k) balance lately? Me neither. I lack the courage. Seriously, many of us never saw this coming, and our retirements have been moved to the right in many cases. If you’re young enough, you still have time to recover. But be smart. Don’t fall into the trap of many 50-somethings, who had most of their portfolio in stocks. Do some reading, and diversify your investments as you get older. The thing that will disappear as you get older is time. Take advantage of it now. Don’t rely solely on mutual funds and stocks.
Housing Bubble - I hope you’re not one of those people who are underwater on your mortgage. The subprime mess hurt those with good credit as well, as home values plummeted. If you can’t reasonably afford to make all of the payments associated with a house, wait until you can. There’s nothing wrong with renting. In fact, if you plan on moving in a few years, it makes more sense than tying up all of your capital in a house. Walking away from a mortgage will trash your credit rating.
Did I leave any out? Let me know in the comments.
If you liked this article, why not subscribe? It’s free!
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A Spider's-Eye View of Passive Income vanz I was out vacuuming my pool early on Sunday morning, and I happened to notice a small spider spinning its web. I checked back occasionally, marveling at the precision of the construction. In my caffeine-depleted state, I started making a connection: the spider was laying the groundwork for......
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What Are Passive Streams of Income? If you’re trying to make more money, chances are you’ve heard the phrase, multiple income streams. However, there are two main types of income streams that you can use, and they are quite different. The first is known as active – and as the name implies, this is a type......
The Corporate Barbarian: Soggy U.S. Open Edition
The U.S. Open is being played in my neck of the woods, and unfortunately the weather hasn’t been cooperating. Those greens must be in terrible shape! I don’t know if Tiger can perform another miracle under these conditions. At least my fellow New Yorkers have been providing lots of “atmosphere”, so much so that they cut off beer sales yesterday at Bethpage Black because of the heckling. I thought I was watching the Bleacher Creatures at a Yankees-Red Sox game.
Here’s some good reading from the last week:
The Art of Manliness has an article about the lessons learned from growing up fatherless;
Jim at Bargaineering wonders how much house he can buy for $10,000;
Blunt Money talks about dealing with envy;
Lazy Man and Money offers tips on saving money on groceries;
Passive Family Income shows us how to make over $400 an hour in passive income;
David at My Two Dollars tells us when spending the money is worth the cost;
Steve at Brip Blap gives his take on the Four(ty)-Hour Work Week;
Trent at The Simple Dollar offers up a personal journal entry from before he found success;
Peter at Bible Money Matters gives us a bible verse about not paying your debts;
Andy at Tight-Fisted Miser tells us why he’s dropping Google Adsense.
Update: Lucas Glover pulled it out. I guess Phil Mickelson was the sentimental favorite. It was nice to see David Duval finish strong.
Follow me on Twitter: CorpBarbarian
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5 Things to Know About Social Security Photo by alan(ator) Yahoo! Finance recently published a guide to the five most common questions about Social Security benefits. You can read the original article by clicking on the following link: What You Need to Know About Social Security Given all of the doubt that the entitlement program will...... -
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Corporate Barbarian Links: Graduation Party Edition
We threw a graduation party for my son, two weeks prior to his real graduation. We did it early because we wanted our relatives to attend, and didn’t want to interfere with everyone’s summer vacation plans. It was great to see family and friends that I usually only run into at funerals. Here are some great posts from my friends on the internet:
The Trizle Team wants you to reset your goals when you suck. I work in the defense industry, and this is a common practice in earned value management;
David at Simple.Organized.Life says that having order is a hallmark of living a simple life. I agree. Having too much stuff, and nowhere to put it, generally causes more stress for me;
David Seah gives his impressions of the Inka pen, after owning one for five years. I like products that stand the test of time, and this pen looks very well-built;
Clever Dude wants you to take your spouse along on a business trip. I’ve done this in the past, and it worked out fine. My per diem covered our meals, and the hotel room was on the company’s dime;
Five Cent Nickel shows us how to pay off our mortgages early. I’ve already followed this route, and it’s nice not to have that ginormous payment looming every month. I’ve put together a simple amortization table that you can use;
Mr. Tough Money Love tells us things he doesn’t like about the government takeover of General Motors. Whether you’re a Democrat, Republican, or an Anarchist, he brings up some intriguing points;
Kevin at No Debt Plan explains why he didn’t go to a top tier MBA program. I didn’t either, and I’m doing just fine;
Passive Family Income tells us why multitasking leads to inefficiency. I know that I do much better when focusing on one task at a time, and that multitasking leads to mediocrity;
Blunt Money shows us how to create a workable budget. I use an Excel spreadsheet myself, and you can find a blank copy in this post;
David at My Two Dollars thinks that working more for the same pay may not necessarily be a bad thing. It’s always good to show the boss that you’re a top performer, and you can pick up some new job skills, too. It might even save your job;
Go To Retirement shows us how to simplify our financial lives. I’m a big proponent of going paperless, too. Check out my foolproof file-naming system;
Matt at Debt Free Adventure shows us the silver lining to the recession. I don’t have any major purchases coming up, but a few extra bucks saved here and there would be welcome nonetheless;
Scott H. Young wants us to escape the toxic friends that hold us back. I’ve tried not to associate with negative people, and Scott’s advice is right-on;
Andy at Tight-Fisted Miser talks about frugality and weight loss. He has no problem sticking to a budget; junk food is a different story;
Steve at Brip Blap wonders: Will people change? I think people change easily for the short term, but slide back into their old habits;
Flexo talks about when going into debt is worthwhile at Consumerism Commentary. I’ve done this with 0% credit card arbitrage;
Dusty at Chasing the Bull gives a recap on building his passive income. He evaluates his strategies, and adapts them for the future;
Weakonomics is holding a contest, and the prize is a copy of the book Biography of the Dollar. I’ve entered; it looks like an interesting read;
Peter at Bible Money Matters talks about getting back you budgeting momentum. He gets his mojo back by taking some time off;
David at The Good Human lives up to his name by constructing a solar space heater that he plans to give away. Nice job, David!
Enjoy the links! But come back and visit…
Follow me on Twitter: CorpBarbarian
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Pay Off Debt or Save Money? Photo by db*photography A recent Yahoo! Finance article weighed the benefits of paying off debt versus putting your money into savings. You can read the original article by clicking on the following link: Should You Pay Debt Before Saving? Clearly, there is no one-size-fits-all answer to the question. The...... -
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Barbaric Links - The Yankees Win Edition
Ah, the Yankees’ first win at the new stadium, and this barbarian is very happy! Looks like the ghosts found their way across 161st street after all. I hope they can put together two in a row. Here are some worthwhile personal finance links to check out from the past week:
- Blunt Money thinks you should prepare for a dramatic drop in income
- Steve at Brip Blap offers advice on how to have no debt
- Rebekeh begins her journey out of debt at Blogging Away Debt
- Jim at Bargaineering offers this last minute tax tip
- Learn 3 motivation tips to build passive income from Passive Family Income
- Kevin at No Debt Plan talks about the costs associated with waiting for the right job
Have a great weekend!
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