Welcome to my blog for financial freedom! I am Marc and I started my journey about 2 years ago. My goal is it to be financially independent and free at the end of 2016. What do I mean by that? I want to live of passive income. My main targets to achieve this are: Online marketing and investing. For the beginning I will concentrate on forex trading. Later, if I have the budget I will go into longterm assets like shares and even further in the future real estate.
But I am very much at the beginning and there is still much to learn. I had some successes online with websites and I am planning to share all that here in my new blog.
Short term financial goals
Right now I am still working a full time job. But I want to quit this job before the end of 2014. I am already making a decent extra income on the side. But that is all it is. It is not enough to live of. Hence my first goal for 2014 is it to diversify my extra money and multiply it. At this moment in time I am only making money from a few websites. But there are so many other ways out there to make some cash. I am planing to test a bunch of these methodes and report my success or failiure here in my blog. So if you want to know what works, read on.
How much money are we talking? Good question. Right now I am making around 500$ per month from my websites. That is a nice extra money but I need to make much more if I want to be able to quit my dayjob. This is why I want to get into other money opportunities especially forex.
Making Money with Forex Trading
Forex is something I am taking an interest in ever since I heard about the first time. Unfortunatelly I never really had the time and money to get into it. The money from my sites now gives me the chance to try new things and that is how I am going to pay for my first forex steps. So far I only had a free account at eToro to test the waters. Nothing spectacular.
I want to take time until about the end of feburary to learn as much as I can about forex. I am particulary interested in learning different forex strategies. I think that this is the key to success with forex trading. Also I want to be able to take some risk and not just trade with 50$ but rather 1000$ to 2000$. I think after enough training it makes sense to take a calculated risk. Because if you only trade with a few dollars you will never make enough money to really make a difference in your finances. Hence you will never reach financiall freedom.
Longterm Strategy for financial freedom
Ok, truth is I am not very good at this. I have a hard time thinking far in the future. Here is what I can tell what my ideas are.
- I have a bunch of awesome ideas in my head and I want to able to just go for them. Right now the money is holding me back.
- I want to generate enough passive income to not have to worry about money even if I don’t work a month or two.
- I want to be in a situation where I can invest longterm without missing the money for a few years.
Well, there you have it.
If you have similar goals or are just curios about my story, then stick with me. Check out the latest articles and read some. I talk about all kind of stuff around money and finances. I am also looking forward to talk to you, in comments or emails. Thanks!