March 11th, 2007
My Path Towards Financial Independence
After venturing the web industry for about 2 years, I have finally decided to settle down and focus on my priorities. It appears to me that we simply cannot succeed if we try to do too many things at once, this is especially true when we try to fulfill the concept of multiple streams of income. Hence, I have reorganized my plan towards financial freedom and would like to share and invite people bearing the same passion to join my journey 
You may already read from Michael Masterson, Robert Kiyosaki or Adam Koo’s books that true wealth does not mean how much income we are getting per month but it depends on much we save and invest in terms of time. Quote from Robert Kiyosaki:
Wealth is nothing more than a measurement of time. It is how long you can continue to live your lifestyle without any adjustments when you cease working.
Take for example, a person with a income of $4,000 and saves 20% every month to invest is more wealthy than someone who earns $40,000 per month and spends more than $40,000 in expenses and monthly upkeep without any investment if they were to stop working now.
The above Millionaires suggested the same framework:
- Planning of how long and how much we need to achieve financial independence
- Massively Increase our Income
- Invest a set percentage of monthly income
The main concept here is to save a modest percentage of our income and invest to take advantage of compound interest. This concept will allow our money to make money for us, instead of we work for them. There are many ways of how we can increase our streams of income and invest safely. I have much to say when it comes to creating passive online income (more on this soon) but totally clueless in the investment area. Therefore, I hope to meet more people of the same passion so that we can share and learn from each other 
PS: All it takes is one GREAT IDEA.
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