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College Planning can be helped with Merit Scholarships
By Jeff Kikel 29 Jul, 2023
This article provides four simple yet effective tips to help high school seniors maximize their chances of winning a private scholarship. From knowing your audience to crafting a personal and passionate essay, this article will guide your student through the scholarship application process. With the right approach, your student can stand out from the competition and secure the college funding they need. Read on to learn more.
Are You Interested in real estate, but do not want to be a landlord?
By Jeff Kikel 12 Jul, 2023
Dive into the dynamic world of real estate investing without the hassle of property management. This post explores five accessible avenues - REITs, Groundfloor, Fundrise, P2P lending, and wholesaling - enabling you to capitalize on real estate opportunities without ever needing to clean toilets. Perfect for both novice and seasoned investors, our guide presents an uncomplicated roadmap towards achieving financial independence through smart, hands-off real estate investments. Expand your wealth strategy toolkit with FreedomDayWealth.com's insights and discover the true freedom of passive income generation.
Jeff Kikel reflects on one year after his Freedom Day.
By Jeff Kikel 04 Jul, 2023
๐ŸŽ‰ One Year Into Freedom: A Whirlwind of Emotions! ๐ŸŽ‰ Dive into this candid and humorous recount of a year since achieving Freedom Day! ๐Ÿš€ From being wrapped up in red tape to building a Bucket List GPS for happiness, this blog post has it all. ๐Ÿ’กDiscover why it's okay to take your time settling into a work-optional lifestyle, and how Freedom Day is the ultimate spring cleaning for your soul. ๐Ÿงน Don't miss the quirky insights and heartwarming reflections. #FreedomDay #WorkOptional #BucketListBliss"
To Quit or Not To Quit: Reaching Your Freedom Day
By Jeff Kikel 25 May, 2023
For me Freedom Day occurred in July of 2022. After building multiple businesses and other passive income, I was able to sell my interest in my financial practice and also sell another business that I had been developing. At that point, I had a decision to make. What was I going to do for the rest of my life? For almost thirty years I had been working with people to help them reach retirement. Was I ready to quit? Not really.
How to Create Passive Income
By Jeff Kikel 25 May, 2023
One of the most difficult things for me was changing my mindset from Active to Passive Income. Growing up as a Gen Xer, the son of Baby Boomers, I was taught to go to school and work hard. That was the way I approached entrepreneurship. When I wasn’t making enough money from one business I would start another. The problem was that I had built a house of cards. At the peak I was typically working 70-80 hour weeks, typically waking up at 6am and working until 9 or 10 each night. I also worked both days on the weekends.
Transitioning from a Paycheck Mindset to a Income Creation Mindset
By Jeff Kikel 25 May, 2023
My parents told me that you need to get a good education, have a family, save money, and then retire around 66-67. That didn't sound good to me. I followed that prescription, helping others do the same, until I realized it wouldn’t work for me.
Micro Rewards
By Jeff Kikel 25 May, 2023
I couldn’t believe where I was sitting. The Silverstone Formula One Circuit was in front of me. I was sitting inside an Aston Martin V-12 Vantage, yes, James Bond’s car. I hit the gas, and I began to live an experience. The road to Silverstone started in the summer of 2022 when I wrote my first Bucket List....
Side Hustles and Multiple Streams
By Jeff Kikel 25 May, 2023
One of the most important skills I have learned in my ten years as an entrepreneur is how to create money. I have spent thousands of hours and about as much money on books, courses, workshops, and masterminds that have helped me to learn the secrets of what other successful people are doing to generate income.
Creating New Income Streams for a Work-Optional Lifestyle
By Jeff Kikel 19 May, 2023
Achieving financial independence and living a work-optional lifestyle requires more than just smart budgeting and debt elimination. It also involves generating additional income streams to help you pay down debt, fund your bucket list, and accelerate your journey towards financial freedom. In this article, we will explore the concept of Freedom Engines - active income vehicles that can help you achieve your financial goals faster. We'll cover some popular examples of Freedom Engines and provide tips on how to choose the right one for you.
Budget vs Spending Plan
By Jeff Kikel 19 May, 2023
Regarding personal finance, two terms often come up: budget and spending plan. Many use these terms interchangeably, but they have distinct meanings and serve different purposes in managing your finances. In this article, we'll explore the differences between a budget and a spending plan, their benefits, and how to create and maintain each to take control of your financial life.
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