Creating Active and Passive Income Streams After a Late Start

[{"selector":"#anim-2f0ad23e-f5b2-4837-a371-0180ff355cde","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed113a9b-49bd-4d8d-9183-2f6f7028ea93","keyframes":{"transform":["translate3d(-115.65495%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e4711d2-dcbc-49dd-9b3d-3e65bba29389","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-74474f61-04e2-4dc0-8e20-20c0b250989d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read More

[{"selector":"#anim-79a8b14e-4803-4d02-8fc7-7b660f1794fe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e0ab7bc-c207-4f90-ba2b-383b191f06d3","keyframes":{"transform":["translate3d(-128.78788%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] How does your financial picture differ when you discover the concept of financial independence in your late 40s? That’s the predicament faced by the author of today’s Friday Feature just a few short years ago when she realized that it was time to get her financial house in order. Read More

Today, she can proudly claim five streams of income, a mix of active and passive.

[{"selector":"#anim-6745a500-70c9-4f0c-99e0-0dfb9d92cb15","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a93dd9d5-9f82-40d3-a7e9-fe583d3c4c44","keyframes":{"transform":["translate3d(0px, -99.4978%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

Although she lives on the opposite side of the world from most of us, you’ll see that many of the challenges in Australia mimic those that we have here.

[{"selector":"#anim-27b5517f-d009-4ca3-947e-b52ee401c7a6","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7bb09730-0f9e-4e72-aedf-01a5ee466e71","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-81d12312-d32f-4b25-9725-2420b149ad48","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

Creating Active and Passive Income Streams After a Late Start

My active income

[{"selector":"#anim-1d9e19db-969d-4354-9b78-fb9845e77de5","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-64dfc017-9d61-45ff-9e38-770643ecf273","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4941c795-e722-4c4e-b9de-fef94b22e2e8","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Without question, my biggest source of income is the salary I earn from my full time job. And I would definitely classify it as an active income. I actively trade my time, energy and effort (LOTS OF IT at the moment!) to earn this income. Read More

I define passive income as income I earn without actively doing something to generate it. Income that I earn while I’m sleeping.

[{"selector":"#anim-355e03ab-ba1d-40b1-a1f0-cbfbef00648a","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf6e031e-6376-45ca-ad34-8128ad99fba1","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f2cf794-28ef-4924-a9bd-16276cca63bb","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

I have neither the ready cash to invest in investment properties nor do I want to be a landlord at this stage of my life so rental income is out of the picture.

[{"selector":"#anim-3ed79345-15fc-4c00-9ede-fa66a01fce86","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b55aa238-cd1a-4b20-aabd-0c73c9424acf","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbabc9b2-6fb7-445c-bb55-90587920fdd5","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

SWIPE UP NOW TO READ MORE

[{"selector":"#anim-535cfb3b-d01d-4207-81fb-45e74240d184","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c4cf6fc5-6b29-4b03-8111-5bd07a30affe","keyframes":{"transform":["translate3d(-116.50794%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More