Since I went through this experience, tried out a couple of different side hustles and at the end manged to quit my job and become FI, I can only recommend reading Kens article about this very important topic.
Banker on FIRE runs the numbers on alternative income streams.
When aiming at Financial Independence, earning some extra money with a side hustle is a way to reach your (money) goal faster. Once you reach FI and no longer need to work in a 9-to-5-job, a side hustle might be a good idea to still earn some money but be more flexible when it comes to working hours. There are lots of ideas for side hustles, from doing online surveys to renting out a spare room or dog walking and…
Sidehustles can catapult you into FI which is why I love such posts. Mr MP has started a new series on this topic. Enjoy.
Creating alternative passive income is key on the way to FI. Let’s see what those 5 ideas are…
Writing is something that many digital nomads love doing. You can do it from anywhere and you can make good money out of it. So let’s see what advice Ken can give us.
Financial Freedom Sloth is trying to find a side hustle.
Every first day of the month, I open the statistics that reveal – among many other data – the article here on FIREhub.eu that has been most clicked on in the last month. Every time I am curious when I open this statistic: Will it be a blogger interview? An article about the joys of early retirement? A more philosophical or a more practically orientated article? This month, it was definetely an article that falls in the latter category. The…
Save a lot, invest wisely and in a couple of years you can say goodbye to the job you hate: no more commuting to work, no more boring meetings, annoying bosses or co-workers! You have done the math, you will use the 4% safe withdrawal rate and all will work out perfectly. There are already bloggers who retired early, this proves that it’s possible. You just need to be 100% focused on your goal and your growing net worth. Most…
Is it possible to stop working for money, i.e. retire early because you are financial independent, by the age of 40? Is this only a plan for IT guys who earn 80k+ salaries or can this dream come true if you earn an average salary of 40k per year? Would it still possible if you had kids? Or a student debt you had to pay down before you can really start investing? How would a side hustle impact your journey…