Long Term Goal - Time Freedom by 30

GOAL- TIME FREEDOM BY 30

Setting a difficult goal -and achieving it- is one of the best ways to give meaning to your life. This was brought home by an article I read recently on lifehack. So, I've decided to set a difficult goal, but one that I think is well within reach if I make the effort; achieve time freedom by the age of 30. To achieve this goal I need to build a steady stream of Passive Income.

Building my Passive Income Stream

Building passive income can be further divided into a number of shorter term goals will help me on the way towards time freedom. Each step should take me closer towards my goal of achieving total time freedom by the age of 30.

Bulk Vending
Candy vending machines are low cost and relatively low effort to maintain. The income potential is small, but so are the entry costs. By starting slow and taking the first step I can begin to build my passive income stream.

I need to investigate:
Do I need to create a business, how do I go about doing this?
What permits and licenses do I need?
What locations would allow a machine to be placed there?
Where can I purchase the machines?
Where can I purchase the candy?
What type of candy is most profitable?

After investigating these questions I need to act on them.

I need to have answers to each of these questions, and a plan to implement my Bulk Vending business by the end of Saturday, March 22nd.

Starting an automated E-bay business
Also has relatively low entry costs, but can also require a lot of attention.

I need to investigate:
How can I set this up?
What are the costs involved?
What products can I sell? -Aura Soma?
How can I make this as automated as possible?

After investigating these questions I need to act on them.

The Share Market
This is something that must be done now. Now is the perfect opportunity to begin; I have the resources (money, and advice) and the Australian market is in excellent condition to buy low.

I NEED to get that investment bank account set up, and talk to Ed.

Real Estate
After building enough passive income streams to support purchasing Real Estate Investment, this is should represent the beginning of my goals' culmination.

By starting now and buying just one property (with positive cashflow) I can build my wealth through the power of exponential growth.

Investigate:
The costs associated with a rental property
How to crunch the numbers- ensuring the property is cashflow positive
Purchasing - how to, where to, etc.

Starting my own small business
How, with what, am I passionate enough, to I have any ideas?

Disciplined Saving Plan

Each step I take needs to build up my passive income. This means that everything I do should be contributing to my wealth; not reducing it. To this end, having a disciplined saving plan is crucial.

The first step is to compartmentalize my money, ensuring clear distinctions between spending money and money that needs to be reinvested. Secondly, I need to remain disciplined with my money by reinvesting at least 50% of my income back into my goal. By reinvesting the income earned I grow my small seed of investment.