#my current theory is a carpentry hobby

[am1vf]

Congrats to my neighbour the drill enthusiast on their new circular saw.

[fandensflytrap]

15 QUESTIONS ABOUT THE MUSE !

Erik

① ARE YOU NAMED AFTER ANYONE ?

‘‘Not that I’m aware of.’‘

② WHEN WAS THE LAST TIME YOU CRIED ?

“Can’t say. I don’t keep track of my own tears, though I don’t prevent them from flowing, so I cannot reliably tell when the last time they fell was.’’

③ DO YOU HAVE KIDS ?  

“Yes. Quite a few, I’d believe.’’

④ DO YOU USE SARCASM A LOT ?

“Not really. It happens sometimes for humorous effect, but the message I want to convey might get lost. It is better to be clear and intent with the words you choose.

⑤ WHAT’S THE FIRST THING YOU NOTICE ABOUT PEOPLE ?

“I might come off as shallow for the answer, but I’ve noted that I notice someone much quicker if they have black hair... It’s a lovely color. If that requirement isn’t filled, well, I suppose I will have to go with height, then body type.’’

⑥ WHAT’S YOUR EYE COLOR ?

“White or pink, I suppose. It depends. If I take on a human shape I tend to go with black.’’

⑦ SCARY MOVIE OR HAPPY ENDING ?

‘’Depends on the mood, but happy endings are usually nice.’’

⑧ ANY SPECIAL TALENTS ?

‘’They’re far from important to mention.’’

⑨ WHERE WERE YOU BORN ?

‘’The place no longer exists and no longer bears a name, for it was lost to time. But I’ve always belonged to the Scandinavian region.’’ 

⑩ WHAT ARE YOUR HOBBIES ?

‘’Hm. Reading about various topics and subjects...’’

⑪ DO YOU HAVE ANY PETS ?  

‘’In a sense… Mx. Fanden has currently 5 magpies they tend to, and as we live in the same sphere, they are in a sense mine as well. Though I don’t tend to them as that is Their job as the primary caretaker.’’

⑫ WHAT SPORTS DO YOU PLAY/HAVE YOU PLAYED ?

‘’I suppose I am forced to say dance, but don’t conflate the forced confession as me disliking it. Fanden needs Their dance partner and I am lovingly and willingly going to comply to Their request. ’’

⑬ HOW TALL ARE YOU?

‘’My size… depends on the day and the mood. But I enjoy being on the taller end. 8 foot, perhaps.’’

⑭ DREAM JOB ?  

 ‘’I rather enjoy the one I have. I am not interested in getting a mortal day job.’’

⑮ FAVORITE SUBJECT AT SCHOOL ?

“I am not a person who is interested in school, but the world is ever shifting and it is unfortunately important to keep up with the changing times. I prefer to study in my own time. But I suppose if I had to choose, art classes and art theory.’’

Fanden Tyken

① ARE YOU NAMED AFTER ANYONE ?

‘’I can’t say I am!’’

② WHEN WAS THE LAST TIME YOU CRIED ?

“Oh my… now that is certainly a question… When was the last time I cried? Oh dear, I’ll have to give you my most sincere apologies but can’t seem to remember?’’

③ DO YOU HAVE KIDS ?  

“Gracious me. No, no. I don’t aim to get any either. I am more than content as I am without any.’’

④ DO YOU USE SARCASM A LOT ?

“Quite rarely, I believe. No, no, it is much better to clearly communicate what one wants to put into words rather than exaggerating or turning to rude alternatives.’’

⑤ WHAT’S THE FIRST THING YOU NOTICE ABOUT PEOPLE ?

“My, that is a good question. I believe I might notice how they dress and act, or rather lack in an act. A good outfit is important if you want a good first impression after all. Far from a requirement in these modern days, but it is what it is. ’’

⑥ WHAT’S YOUR EYE COLOR ?

“They change between white or gold.’’

⑦ SCARY MOVIE OR HAPPY ENDING ?

‘’Happy ending, I suppose.’’

⑧ ANY SPECIAL TALENTS ?

‘’I am quite proficient in the arts of dance, and music. Oh, how I love it so... And I suppose I should add carpentry? Architecture? Both? I suppose they are different things, so let’s add both to the list as well.’’ 

⑨ WHERE WERE YOU BORN ?

‘’I was never born, I was created fully formed as I am. But I did make Scandinavia my home, what a charming little place to call my own.’’ 

⑩ WHAT ARE YOUR HOBBIES ?

‘’I have so many! Goodness me, how could I ever list them all in a passing? In a rush? Oh dear, oh dear… that would never do… I’ll be cursed to know I am going to forget something, somehow…

But, well, I do quite enjoy playing music, I dance- oh! And I decided to get a day job in the mortal world, for fun, you know. Just to have something of substance in daily life. Ah, right, where was I… right. I do a little carpentry, I travel, I read, I- oh I love going to shows and see the gorgeous productions they’ve put on… I need to see if there are any ballet productions going on somewhere, it’s been far too long since last time - my, I seem to have gotten lost here, let me continue on my ever-growing list; Well... I take classes on things to learn about them and stay up to date…

I shop and I collect things- Many things, actually. Vinyl plates, books, trinkets, sleeve cuffs, suits, paintings, things of gold, and so much more. Ah… are you aware of how difficult some of the things I collect are to get these days? They were common household items just a mere 200 years ago and then no more! Poof, gone! Now I need to retort to annoying bidding sessions on the internet if I absolutely want anything specific from back then or learn how to make it myself - Which I am more than gladly willing to do, but... - Or go on auctions and hope for the best. Gracious… it’s so unfortunately unreasonable.’’

⑪ DO YOU HAVE ANY PETS ?  

‘’Why, yes I do! I got the most charming little flock of magpies! 5 little trouble makers who liven up my world with their loud chattering. They are very lovable and attention-seeking little things. 

I tend to have a few around me at all times, the house is just so empty when they’re not around. Shame their lifespan is no more than 15 years, but it’s not too bad for a bird.’’ 

⑫ WHAT SPORTS DO YOU PLAY/HAVE YOU PLAYED ?

‘’I dance, of course! I don’t partake in a lot of other sports- well, perhaps I do a little bit of gymnastics on the side in relation to the dance, I suppose. I know a fair variety of dance styles as well and I am always interested in learning more.’’

⑬ HOW TALL ARE YOU?

‘’In this shape, I am about 6’5’’ tall?’’

⑭ DREAM JOB ?  

‘’I already have it.’’

⑮ FAVORITE SUBJECT AT SCHOOL ?

‘’Let me see… I suppose I did enjoy the classes I took to update my carpeting and home building skills? And music, of course. I prefer practical classes much more than I do theoretical ones, I must admit.’’

Tagged by: Vvolgarov 

Tagging: Steal it! 

[askawoodenauthor]

"As long as it's not electric," August nodded back. "Though the parts might be salvageable if we could figure out how to rig some kind of generator. That's something I could do in theory, if I had the plans for it. And the tools," he added with a sigh. "But just throwing it together out of my head, well, this isn't Gilligan's Island, and I ain't Professor Roy Hinkley." He smiled. "I do carpentry as a hobby. Actually, I'm an electrical engineer. Which doesn't count for much without electricity. I do lighting and wiring for office towers. Considering our current situation, I think we can agree that my carpentry skills are going to be a bit more useful."

He thought for a moment. "I don't suppose you have any kind of fabric that shrinks when wet and isn't already preshrunk? It's fine if it's already wet, just so it hasn't dried."

August watched Philip hauling some of the heavier pieces ashore and headed down the beach keeping the other man in sight.

@askthedarkone

He was hoping that somehow, some way, some luggage might have washed ashore. More to the point, he was hoping that his luggage, the luggage with the carving knives, chisels, and other sculpting tools he'd been smart enough to know wouldn't be allowed through in carry-on had washed ashore.

They were going to need shelter and he knew theoretically what he'd need to build some. But without tools...

His eyebrows lifted as he saw someone sitting just above the high water mark, surrounded by piles of what looked like narrow strips of vegetation. He'd been talking about weaving some sort of panels, but this guy was actually doing it!

Smiling, he sped his approach. "Hey. Need a hand?"

[themoneybuff-blog]

Passive income vs. passion income

Shares 167 When I was a younger man back before I founded Get Rich Slowly in 2006 I was intrigued by the idea of creating passive income. While passive income isnt exactly a get rich quick scheme (and boy was I intrigued boy those back then!), theres certainly some overlap. Both passive income and get rich quick schemes appeal to lazy people like my younger self, people looking for ways to make money for nothing. What Is Passive Income?

Passive income, as the term implies, is money you earn on a regular basis with little or no effort required to maintain the cash flow after the income stream has begun. Common examples of passive income include rental properties, royalties from books (and other published work), and profitable businesses that you own but in which you have little (or no) active involvement. My interest in passive income started early in life. When I was a boy, my father was drawn to the promise of easy money. (See? This is another example of how we inherit our money blueprints from our parents.) Dad was a serial entrepreneur, as Ive mentioned before, but he was also drawn to multi-level marketing schemes. Multi-level marketing schemes lure victims participants with the dream of big bucks for minimal effort. Sure, you have to set up your own operation by recruiting customers and a stable of salespeople, but once you do so the story goes you can sit back and relax as the money pours in! Like my father, I too was drawn to these schemes when I was younger. My first job out of college, for instance, was a multi-level marketing scheme disguised as an insurance company. On a daily basis, the job entailed going door to door trying to sell hospitalization insurance (that was essentially worthless), but the folks who really made money did so because they recruited salespeople who worked under them. The top managers made plenty of passive income because of the pyramid nature of the program. That said, passive income is not inherently slimy. In fact, its a terrific concept worth your attention. Note: My favorite legit book about passive income is The Incredible Secret Money Machine by Don Lancaster. (Heres my review.) My dad bought a copy of this book when it came out in 1978, and I read it several times as a kid. (I still have Dads old copy signed by Mr. Lancaster himself!) If youre at all interested in legitimate sources of passive income, you should read the updated version of this book, which is available for free at the authors website. The Power of Passive Income The truth is that if you can create multiple streams of income that operate without effort on your part, these streams can be terrific supplements to your regular job. Actually, the crossover point, an integral part of Financial Independence theory derived from the classic book Your Money or Your Life, is built around passive income: The Crossover Point provides us with our final definition of Financial Independence. At the Crossover Point, where monthly investment income exceeds your monthly expenses, you will be financially independent in the traditional sense of that term. You will have passive income from a source other than a job.

At the moment, I currently enjoy several small sources of passive income: Each month, I receive between $30 and $50 from sales of Your Money: The Missing Manual, the book I published in 2010. (I earn about a buck per book.)Similarly, I get about $100 to $200 each month from sales of the Get Rich Slowly course. My share of each sale ranges from $8 to $40 depending on a variety of factors.Im earning a tiny bit of revenue from a variety of websites that Ive abandoned or neglected.Kim is paying me $500 per month to vest into ownership of the house.My top source of passive income comes from interest and dividends on my investment portfolio. In the past, Ive also received passive income through other sources such as business loans. (I loaned money to my familys box factory, for example, so the company could purchase a piece of machinery. The interest on that loan was passive income.) There are folks who are under the impression that Get Rich Slowly itself is a source of passive income. Hahaha. Nope. Not even close. For one thing, theres nothing passive about running this site. Its a full-time job, especially if I want it to be good. Plus, while Get Rich Slowly is generating revenue right now, its operating at a loss and not a profit. (So, I guess you could say that GRS is a source of active expense rather than passive income. Ha.) What Is Passion Income? During my short summer break last week, I took a morning drive to visit some friends. Jillian and Adam from Montana Money Adventures were passing through Portland during their 10-week mini retirement. I spent a couple of hours eating breakfast with them and their five kids. Jillian was amused at how she kept burning the pancakes. (This isnt my usual pancake batter. Im used to Krusteaz, she said. So am I.)

After breakfast, Adam took their troop for a hike. Jillian and I sat by the campfire and recorded a video that shell use sometime in the future at her website. We chatted about travel (or course) and blogging (of course) and early retirement (of course). But then Jillian steered the conversation in an interesting direction. We were talking about how retirement isnt always what people expect it to be, whether they retire early or not. A lot of folks quit their jobs to find that theyre life is without purpose, that theyre bored. Thats why I encourage my readers and clients to pursue passion income, Jillian said. Passion income? Do you mean passive income? I asked. No, Jillian said. I mean passion income. Passive income is great, and if you can find a way to get some, you should do it. But passion income is something completely different. Passion income is money you generate by simply doing what you love. Thats interesting, I said. And passion income is different for everyone, Jillian said. For one person, their passion income might come from creating art. For another person, it might come from consulting. For another, it might involve doing carpentry on the weekend. For you, its Get Rich Slowly. The key, though, is that passion income combines what youre good at, what you like to do, and what matters to you. The Power of Passion Income I said good-bye to Jillian and her family, then headed home. But along the drive, I continued to think about the notion of passion income. Its an idea that Ive espoused for a while but never had a term for it. When I got back to the house, I dug through the archives at Montana Money Adventures to read more about the concept. So far, Jillian has three articles about passion income: Jillian says that passion income is derived from things that (a) are in your natural skill set or match your core competency, (b) you love the outcome and feel like youre making a difference, and (c) give space for other important things in your life. Shes created the following Venn diagram to show what she means:

While neither Jillian nor I would argue that you should do what you love and the money will follow, I think we both agree that in an ideal world youd make money by doing something you enjoy. This might be difficult if youre currently in the middle of a specific career trajectory, but its much easier after youve retired. After youve left the traditional workplace, you have the freedom to make choices more aligned with your self and your vision. Pursuing passion income whether its through art, a hobby, or work in your community can be an excellent way to take pressure off your retirement savings while also giving yourself a sense of purpose. Thinking about it, thats really why I bought back Get Rich Slowly. My hope is that this blog will be a source of passion income (not passive income). And once I get the monetization thing figured out, I think it will be. Combining Passive Income with Passion Income The great thing, Jillian says, is that you can pursue both passive income and passion income. That might mean doing something painting, writing a book that fits in both categories. Your work might fit in that passion income sweet spot, but then produce residual passive income in the future. Or, that might mean pursuing multiple sources of income, some out of passion and some that are passive. (She points out that the happiest retirees average eight streams of income. Im not sure the source of that stat, but its interesting. And it makes sense. When you have diverse income sources, theres less risk to you if one of them dries up.) Why even worry about passive income and passion income? Recently, I wrote about the struggle some people face to figure out how much to spend in retirement. While some people overspend, theres a sizable population that underspends. Theyre afraid to touch their nest egg. Passion income alleviates the pain of spending. You get to work at something you love while also earning some money. And spending this money isnt painful, unlike spending out of your investment accounts. Another benefit of passion income? If youre able to generate ongoing revenue with work that you love whether its part time or full time youre able to quit your career much sooner than you would on a traditional early retirement path. If you can earn $1000 per month by building picnic tables, for example, thats $300,000 less you need to save for retirement (given standard assumptions). As I near fifty, Im still intrigued by the idea of passive income. I probably always will be. But the older I get, the more vocal I am that people should consider creating sources of passion income. Finding a way to earn even a little bit of money by doing something you love can not only be fun, but it can also help you reach retirement sooner or make your current retirement less stressful. Shares 167 https://www.getrichslowly.org/passive-income-vs-passion-income/

[andrewdburton]

Passive income vs. passion income

When I was a younger man — back before I founded Get Rich Slowly in 2006 — I was intrigued by the idea of creating passive income. While passive income isn’t exactly a get rich quick scheme (and boy was I intrigued boy those back then!), there’s certainly some overlap. Both passive income and get rich quick schemes appeal to lazy people like my younger self, people looking for ways to make money for nothing.

What Is Passive Income?

Passive income, as the term implies, is money you earn on a regular basis with little or no effort required to maintain the cash flow after the income stream has begun.

Common examples of passive income include rental properties, royalties from books (and other published work), and profitable businesses that you own but in which you have little (or no) active involvement.

My interest in passive income started early in life. When I was a boy, my father was drawn to the promise of easy money. (See? This is another example of how we inherit our money blueprints from our parents.) Dad was a serial entrepreneur, as I’ve mentioned before, but he was also drawn to multi-level marketing schemes.

Multi-level marketing schemes lure victims participants with the dream of big bucks for minimal effort. Sure, you have to set up your own operation by recruiting customers and a stable of salespeople, but once you do — so the story goes — you can sit back and relax as the money pours in!

Like my father, I too was drawn to these schemes when I was younger. My first job out of college, for instance, was a multi-level marketing scheme disguised as an insurance company. On a daily basis, the job entailed going door to door trying to sell hospitalization insurance (that was essentially worthless), but the folks who really made money did so because they recruited salespeople who worked under them. The top managers made plenty of passive income because of the pyramid nature of the program.

That said, passive income is not inherently slimy. In fact, it’s a terrific concept worth your attention.

Note: My favorite legit book about passive income is The Incredible Secret Money Machine by Don Lancaster. (Here’s my review.) My dad bought a copy of this book when it came out in 1978, and I read it several times as a kid. (I still have Dad’s old copy — signed by Mr. Lancaster himself!) If you’re at all interested in legitimate sources of passive income, you should read the updated version of this book, which is available for free at the author’s website.

The Power of Passive Income

The truth is that if you can create “multiple streams of income” that operate without effort on your part, these streams can be terrific supplements to your regular job. Actually, the crossover point, an integral part of Financial Independence theory derived from the classic book Your Money or Your Life, is built around passive income:

The Crossover Point provides us with our final definition of Financial Independence. At the Crossover Point, where monthly investment income exceeds your monthly expenses, you will be financially independent in the traditional sense of that term. You will have passive income from a source other than a job.

At the moment, I currently enjoy several small sources of passive income:

Each month, I receive between $30 and $50 from sales of Your Money: The Missing Manual, the book I published in 2010. (I earn about a buck per book.)

Similarly, I get about $100 to $200 each month from sales of the Get Rich Slowly course. My share of each sale ranges from $8 to $40 depending on a variety of factors.

I’m earning a tiny bit of revenue from a variety of websites that I’ve abandoned or neglected.

Kim is paying me $500 per month to vest into ownership of the house.

My top source of passive income comes from interest and dividends on my investment portfolio.

In the past, I’ve also received passive income through other sources such as business loans. (I loaned money to my family’s box factory, for example, so the company could purchase a piece of machinery. The interest on that loan was passive income.)

There are folks who are under the impression that Get Rich Slowly itself is a source of passive income. Hahaha. Nope. Not even close.

For one thing, there’s nothing passive about running this site. It’s a full-time job, especially if I want it to be good. Plus, while Get Rich Slowly is generating revenue right now, it’s operating at a loss and not a profit. (So, I guess you could say that GRS is a source of “active expense” rather than “passive income”. Ha.)

What Is Passion Income?

During my short summer break last week, I took a morning drive to visit some friends. Jillian and Adam from Montana Money Adventures were passing through Portland during their 10-week “mini retirement“. I spent a couple of hours eating breakfast with them and their five kids.

Jillian was amused at how she kept burning the pancakes. (“This isn’t my usual pancake batter. I’m used to Krusteaz,” she said. So am I.)

After breakfast, Adam took their troop for a hike. Jillian and I sat by the campfire and recorded a video that she’ll use sometime in the future at her website. We chatted about travel (or course) and blogging (of course) and early retirement (of course). But then Jillian steered the conversation in an interesting direction.

We were talking about how retirement isn’t always what people expect it to be, whether they retire early or not. A lot of folks quit their jobs to find that they’re life is without purpose, that they’re bored.

“That’s why I encourage my readers and clients to pursue passion income,” Jillian said.

“Passion income? Do you mean passive income?” I asked.

“No,” Jillian said. “I mean passion income. Passive income is great, and if you can find a way to get some, you should do it. But passion income is something completely different. Passion income is money you generate by simply doing what you love.”

“That’s interesting,” I said.

“And passion income is different for everyone,” Jillian said. “For one person, their passion income might come from creating art. For another person, it might come from consulting. For another, it might involve doing carpentry on the weekend. For you, it’s Get Rich Slowly. The key, though, is that passion income combines what you’re good at, what you like to do, and what matters to you.”

The Power of Passion Income

I said good-bye to Jillian and her family, then headed home. But along the drive, I continued to think about the notion of passion income. It’s an idea that I’ve espoused for a while but never had a term for it. When I got back to the house, I dug through the archives at Montana Money Adventures to read more about the concept.

So far, Jillian has three articles about passion income:

The trouble with the 4% rule

Flexible financial independence

Passion plus passive income

Jillian says that passion income is derived from things that (a) are in your natural skill set or match your core competency, (b) you love the outcome and feel like you’re making a difference, and (c) give space for other important things in your life.

She’s created the following Venn diagram to show what she means:

While neither Jillian nor I would argue that you should “do what you love and the money will follow”, I think we both agree that in an ideal world you’d make money by doing something you enjoy. This might be difficult if you’re currently in the middle of a specific career trajectory, but it’s much easier after you’ve retired.

After you’ve left the traditional workplace, you have the freedom to make choices more aligned with your self and your vision. Pursuing passion income — whether it’s through art, a hobby, or work in your community — can be an excellent way to take pressure off your retirement savings while also giving yourself a sense of purpose.

Thinking about it, that’s really why I bought back Get Rich Slowly. My hope is that this blog will be a source of passion income (not passive income). And once I get the monetization thing figured out, I think it will be.

Combining Passive Income with Passion Income

The great thing, Jillian says, is that you can pursue both passive income and passion income.

That might mean doing something — painting, writing a book — that fits in both categories. Your work might fit in that passion income sweet spot, but then produce residual passive income in the future.

Or, that might mean pursuing multiple sources of income, some out of passion and some that are passive. (She points out that “the happiest retirees average eight streams of income”. I’m not sure the source of that stat, but it’s interesting. And it makes sense. When you have diverse income sources, there’s less risk to you if one of them dries up.)

Why even worry about passive income and passion income? Recently, I wrote about the struggle some people face to figure out how much to spend in retirement. While some people overspend, there’s a sizable population that underspends. They’re afraid to touch their nest egg.

Passion income alleviates the pain of spending. You get to work at something you love while also earning some money. And spending this money isn’t painful, unlike spending out of your investment accounts.

Another benefit of passion income? If you’re able to generate ongoing revenue with work that you love — whether it’s part time or full time — you’re able to quit your career much sooner than you would on a traditional early retirement path. If you can earn $1000 per month by building picnic tables, for example, that’s $300,000 less you need to save for retirement (given standard assumptions).

As I near fifty, I’m still intrigued by the idea of passive income. I probably always will be. But the older I get, the more vocal I am that people should consider creating sources of passion income. Finding a way to earn even a little bit of money by doing something you love can not only be fun, but it can also help you reach retirement sooner — or make your current retirement less stressful.

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