Archive for Strategy

Starting A Textile Company: Patents

Mar 11, 2014 1 Comment by

As I look for a new stream of income, I have decided to start an online company selling textile products. This was after considering many types of products and deciding to go with a product that requires low seed money. Patents One of my product ideas is patented by my competitors. My current challenge is [...]

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Starting A Textile Company: Textile Challenges

Mar 10, 2014 Comments Off by

As I look for a new stream of income, I have decided to start an online company selling textile products. This was after considering many types of products and deciding to go with a product that requires low seed money. 4 Products, 1 Niche I currently have 4 product ideas for a specific niche of [...]

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Ideas For 4HWW

Mar 08, 2014 2 Comments by

Product ideas have been coming to me during the last year. As a new parent, there are many new challenges where a good product does not exist and I have been turning these challenges into products. My Background My academic background is product design and engineering. I have all the skillset to turn an idea [...]

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New Income Through 4HWW

Mar 05, 2014 Comments Off

The desire to bring in more income wasn’t present in me for the last few years. I had reached my family’s desirable real estate portfolio and it allowed for my husband to stay at home while we start a family. With that income, we were also able to spend more on vacations and entertainment so [...]

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Adequate Lifestyle

Sep 26, 2013 Comments Off

Lifestyle influences early retirement date A higher annual pending delays retirement. Early retirement is a compromise of hard work and little spending over a few years. There is no right answer on how much money you need to retire to sustain your lifestyle as this choice is purely personal. Lifestyle is a Continuum I have [...]

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How Did Goldeneer Make It

Feb 20, 2013 1 Comment

In 5 years, Mr and Mrs Cannes acquired 6 rental properties and a home. The rental profits from all properties are now enough to replace one income and make them financially independent. The following were the steps taken by Mr and Mrs Cannes. Frugality As Mr and Mrs Cannes were finishing university, their  jobs during [...]

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Time Required To Manage Rental Properties

Feb 14, 2013 Comments Off

For 5 years, Mr. Cannes and I have been managing our own rental properties. People tend to think that managing properties take a lot of time, sometimes as much as a full time job. We manage 6 rental properties and typically spend 2-6 hrs each month for most of the year. There are however peaks. [...]

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Financial Independence Definition

Feb 12, 2013 1 Comment

There are many definitions of financial independence around the web. Some define financial independence as being on your own without the support of family and having a job that covers your expenses. In the world of early retirement, I define financial independence as having enough passive income to cover your needs. If I was to [...]

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Real Estate License For Investors

Feb 06, 2013 Comments Off

Getting a real estate license in order to sell houses as a career is one option. What do you do when you are a real estate investor and you are buying/selling a lot of properties? Giving away a 2.5% commission is a lot of money once you start buying more than 6 figures of real estate. Looking [...]

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Calculating Required Retirement Income

Jan 16, 2013 Comments Off

Project your retirement expenses based on current or future lifestyle and not on your current income. Most advisers recommend planning a retirement income of 70% of your salary. If one is to live very frugally, then it may be too conservative of a calculation. If you plan to rent or still have a mortgage in [...]

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