Investing

The Benefits of Owning Your Own Business

The Benefits of Owning Your Own Business

Randon,

I am most definitely biased when it comes to this topic.  Ok, pretty much every topic I have written on.  However, in the current economic landscape that we live in, the benefits of owning your own business are vast. We live in an exciting time in which technology continues to lower the barrier to entry for creating and operating a profitable business.  I will simply cover what I believe to be the top three reasons here.

In the Good Times, Prepare for the Opportunity Coming in the Bad Times

In the Good Times, Prepare for the Opportunity Coming in the Bad Times

Randon,

Right now, we are in one of the longest bull markets in the history of our country.  The stock market has pretty much gone up every year since the Spring of 2009 (with a couple of flat years in there) and the housing market has been going up significantly since 2012.  There are now “We are hiring” signs everywhere, whereas from 2008-2012 finding a job was elusive and a good job was hardly existant.

We as humans have such very short memories.  I am already seeing the kind of spending and lifestyle inflation that assumes these good times will last forever.

Save Half of Your Income - Financial Independence in Less Than 15 Years.

Save Half of Your Income - Financial Independence in Less Than 15 Years.

Randon,

This strategy for financial independence is simple and does not require any fancy calculations to prove its validity.  Saving and investing half of your income nearly guarantees that you will be financially independent in less than 15 years.  Of course there are no complete guarantees when it comes to money, but this comes very close.

Start Investing Early…Very Early

Start Investing Early…Very Early

Randon,

Freedom, flexibility, control over your time, ability to serve others without the need to be well-compensated. These are a few of the goals for financial independence that you hear when talking to people who desire to not be tied to their paycheck.

One of the simplest actions that can be taken to move you in the direction of a life where you can pursue the most important things is to start investing early. Very early is even better.