Comments on: Living Below Your Means…? http://www.fiscalmusings.com/2007/04/living-below-your-means.html Sat, 22 Nov 2008 08:38:35 +0000 http://wordpress.org/?v=2.3.1 By: Fiscal Musings » » Accepted to Grad School and more http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-383 Fiscal Musings » » Accepted to Grad School and more Fri, 01 Feb 2008 01:52:39 +0000 http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-383 [...] for a few links that are worth checking out. Living Below Your Means…?: A little different take on this often quoted advice. Developing a Wealthy Mindset: It’s [...] […] for a few links that are worth checking out. Living Below Your Means…?: A little different take on this often quoted advice. Developing a Wealthy Mindset: It’s […]

]]> By: limeade http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-88 limeade Thu, 19 Apr 2007 15:25:00 +0000 http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-88 Interest off of savings is only one way to generate income.<br/><br/>Look at rental real estate, or owning a laundromat, or vending machines or anything that would generate income. Interest off of savings is only one way to generate income.

Look at rental real estate, or owning a laundromat, or vending machines or anything that would generate income.

]]> By: KMull http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-86 KMull Thu, 19 Apr 2007 14:43:00 +0000 http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-86 To generate $36,000 worth of income, at a yield of 4.5%, I would need $800,000 invested. I can see your point, but it is a long way uphill. To generate $36,000 worth of income, at a yield of 4.5%, I would need $800,000 invested. I can see your point, but it is a long way uphill.

]]> By: JPMartin http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-75 JPMartin Sat, 14 Apr 2007 08:27:00 +0000 http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-75 Gist: Create Passive Income, and live off that! Gist: Create Passive Income, and live off that!

]]> By: limeade http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-71 limeade Fri, 13 Apr 2007 11:55:00 +0000 http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-71 Dividends vary on a case by case basis and the percent yield is also affected day to day by the stock price.<br/><br/>Dividends are also taxed unless you hold them in a tax advantaged account.<br/><br/>Dividend yield will most likely be lower than some cash accounts because of the opportunity for capital appreciation that isn't there for cash.<br/><br/>-limeade Dividends vary on a case by case basis and the percent yield is also affected day to day by the stock price.

Dividends are also taxed unless you hold them in a tax advantaged account.

Dividend yield will most likely be lower than some cash accounts because of the opportunity for capital appreciation that isn’t there for cash.

-limeade

]]> By: Mike http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-66 Mike Fri, 13 Apr 2007 09:41:00 +0000 http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-66 I've been reading recently that dividends aren't really providing as much as they used to. Is this the case?<br/><br/>In the UK for instance, it is quite possible to get 5.5% return on a cash ISA (Individual Savings Account) for up to £3,000 tax free. Dividends (on average), so I hear, are more like 4.2% and are still taxed!<br/><br/>I'm going to be looking into real estate once I have some pennies saved up! I’ve been reading recently that dividends aren’t really providing as much as they used to. Is this the case?

In the UK for instance, it is quite possible to get 5.5% return on a cash ISA (Individual Savings Account) for up to £3,000 tax free. Dividends (on average), so I hear, are more like 4.2% and are still taxed!

I’m going to be looking into real estate once I have some pennies saved up!

]]> By: Jose Anes http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-64 Jose Anes Thu, 12 Apr 2007 07:49:00 +0000 http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-64 Dividend income is a great way of achieving this, especially with the reduced dividend tax rate (until 2011 I believe, when the tax cuts expire).<br/><br/><a HREF="http://www.MoneyAndInvesting.net" REL="nofollow">Money And Investing</a> Dividend income is a great way of achieving this, especially with the reduced dividend tax rate (until 2011 I believe, when the tax cuts expire).

Money And Investing

]]> By: limeade http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-62 limeade Thu, 12 Apr 2007 00:47:00 +0000 http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-62 I don't exactly recommend using bonds for this strategy, but I do focus on cash flow producing investments rather than capital appreciation investments.<br/><br/>One of the reasons I like real estate. I don’t exactly recommend using bonds for this strategy, but I do focus on cash flow producing investments rather than capital appreciation investments.

One of the reasons I like real estate.

]]> By: frugal zeitgeist http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-61 frugal zeitgeist Thu, 12 Apr 2007 00:24:00 +0000 http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-61 Right, that's what I thought. I couldn't work it out because very few of my non-retirement investments pay much in the way of income, so it would be something like a few hundred a year if I did that. <br/><br/>I owned a wonderful 7% corporate bond once. It got called eight years early. Le sigh. Right, that’s what I thought. I couldn’t work it out because very few of my non-retirement investments pay much in the way of income, so it would be something like a few hundred a year if I did that.

I owned a wonderful 7% corporate bond once. It got called eight years early. Le sigh.

]]> By: limeade http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-60 limeade Wed, 11 Apr 2007 23:35:00 +0000 http://www.fiscalmusings.com/2007/04/living-below-your-means.html#comment-60 Living on your assets means to have your assets or investments pay for your lifestyle and not your job.<br/><br/>Buy a bond that gives you income for example and use that money to pay for your living expenses. Now you can redirect your job income towards buying more investments.<br/><br/>Eventually your investments will be able to support all your living expenses. Living on your assets means to have your assets or investments pay for your lifestyle and not your job.

Buy a bond that gives you income for example and use that money to pay for your living expenses. Now you can redirect your job income towards buying more investments.

Eventually your investments will be able to support all your living expenses.

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