LifeStyle

When Can I Retire?

The pure shock of what I found out when attending a retirement seminar was looking at the real question of -> When Can I Retire?

 

Have you thought about when you can retire?

I know most don't. It's sad but true. Most live pay check to pay check so why even think about something 30 years later, right?

WRONG!

I'm 33 with 2 kids and a stay at home wife. I am the bread winner.

But….

Can I realistically believe I can retire? I mean, when can I retire if I were to try and provide the same type of lifestyle I'm living now?

I've been putting into my 401k, IRA Roth, and even buying silver the last 8+ years or so. I'm not close to being where I want to be but there are some pretty important things to think about when your thinking about when you can retire.

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By Lawrence Tam, ago

My Residual Income Model To Pay For My Vacations

I've been traveling for a bit and hitting Palm Springs and Hawaii has been pretty fun. Check out my residual income model on how I use the internet to build my side businesses while I work a full time Mechanical Engineering job.

Do You Have A Residual Income Model In Place?

One of the truly obvious observations when traveling is that the rich vacation a LOT more than normal people. Is it because they have more vacation time or that they leverage different income streams to become what Tim Ferris calls the new rich?

It's not the whole thing about being a millionaire. I'm not a millionaire at all but I live a very active and fun lifestyle traveling the world with my family and living debt free. It just boggles the mind as I watch people work their jobs that it's a dead end for them. I mean who wants to clean rooms for a career? Sure cleaning rooms for a bit to get your feet under you to get a higher paying job but that is the type of mentality that will never get you to a point to flying first class.

Residual Income Model – Generate Income 24 hrs a Day

One of the traits of someone who is the “new rich” that Tim Ferris talks about is that most if not all have some sort of assets that are there to work FOR them. The new rich are not only there to trade their time for money. When was the last time you saw someone fly first class or pay off their car in cash by telling themselves “I just need to work overtime and get in 60 hours a week for the next 5 years”.

Being able to get to a point where you can leverage someone else's time or leverage MONEY is when you get it. Having the ability to transform the way you earn you money is the first step in being financially free. Paying for your vacations or just being able to make some extra income without using your primary source of income. (more…)

By Lawrence Tam, ago

Summer Jobs For High School Students – Stuck In A Cycle?

While on vacation I've been thinking about what people do to make money. While at magic mountain I was checking out the friendly people who worked there and what are some summer jobs for high school students. Obviously the people working the rides and managing the thousands don't do it for a career path, right?

Summer Jobs For High School Students – Mindset

It's okay for a 18 year old high school student or even a college student to to and get a quick job to trade some time for money. Sure the pay might suck but what else are  your options, right?

Well, kids are kids and they don't know better. They are told to go to school and get a good job. If your “lucky” you will find something you can maybe go ahead and make a career out of.

But….

Why do so many people that I come in contact with go into careers that either don't pay enough or they just plain hate? If your not getting paid then at least do it for passion. I just don't how driving a public transit bus or picking up garbage can be for passion or to a career path.

The only thing I can maybe think of is that they have given up OR just know better? Sure there are special situations but there has to be a time in place when one takes a look at what they have accomplished and where they are going.

That's the real problem. People get stuck in the mindset of summer jobs for high school students, and when they wake up they are 40 with kids. By that time it's too late… right? (more…)

By Lawrence Tam, ago

Day 1 in the Desert

Thanks to all who made my success online a dream come true. I’m not filthy rich but dang looking back a couple years…….. why didn’t I learn online marketing years ago? Thanks for everyone’s support and the people who has helped me progress to hopefully being the leader you deserve.

By Lawrence Tam, ago

Little Tikes Playhouse – Time To Upgrade

As of this writing you might have not known that my 2 little kiddos are 4 and 6 and both love to mess around in all kinds of Little Tikes Playhouse sets. I have no clue what the fascination is but my kids play with the all of the time like it's drawing them with some unknown magnetic effect.

Little Tikes Endless Adventures Tikes Tlittle tikes playhouseown

This was one of the sets that my kids play with all of the time at the local toy store near us at Toys R Us. They just loved the different aspects of the playhouse. I think most display units are chosen because of setup or ease of sale. This Little Tikes Playhouse set sells like gangbusters due to the price point and general size of the unit.

I normally or lets say almost 90% of the time try and go out with the family when doing errands. I would say 100% of the time we have gone into Toys R Us and they have a display of this little tikes playhouse it's a sure thing they go and play in it. I remember countless times my kiddos would just play in that ONE set while my wife went to get baby stuff or look for some deals for gifts. I think most times they would even play the entire time so I would just hover in that area taking my phone calls for my internet marketing business while the kids are playing around.

If your wondering, the picture to the right is not of my 2 kids or my wife 😉

What is even more telling is that if there are other kids in the area they are all drawn to this little tikes playhouse. It's like how kids want to play on a jungle gym set when they see one. This is the shiny toy they are pulled to play with. It's fun and I don't have to worry about them hurting themselves with this one too.

Little Tikes Playhouse – Requirements

As a father I generally look at a couple things:

  1. Price (who doesn't?)
  2. Size
  3. Complexity
  4. Durability
  5. Longevity (lasting appeal, will they keep using?)
  6. Possible re-sale?
  7. Shipping and Transportation (will it fit in my Van?)
  8. Something better (more or less expensive?) (more…)
By Lawrence Tam, ago