Finances, goals, making money, passive income, Retirement, Savings, Uncategorized, wealth

Real WEALTH through Estate!


In my pursuit of reaching FIRE (Financially Independent Retire Early) or Financial Freedom by age 40, I aim to use Real Estate to build wealth. This desire is more of a recent one, in fact, just last year. Through a finance blogger Tim Kim, I was able to discover Bigger Pockets where I found an incredible amount of free information on getting started in Real Estate.


Why Real Estate?

I want to diversify my income streams and Real Estate is a good option because it provides 1 of 6 of basic human needs for survival, shelter. We all need a place to live. When was the last time you paid for rent? Who does that money go to? For those who own homes, you understand this idea. Paying off your home is building your wealth (equity), which you could then use to invest in more properties.


3 basic ways to build Wealth through Real Estate

1. Own it. Even if you have a loan on your property, the money you are paying off is going straight to your equity. In other words, it can be thought of as a piggy bank. If there is an appreciation or depreciation in your home value, you benefit. Appreciation is clear; your home increases in value. For depreciation, you can write it off on your taxes.

2. Rent it. If you own property, PITI (Principal, Interest, Taxes, Insurance), and other necessary expenses may amount to a sizable cut off your pay. Consider renting out a room either through Craigslist or Airbnb (this is an affiliate code that will give you a discount for your next reservation).

3. Keep it. Owning property should be a selective process. Choosing the right location is key to Real Estate investing. Consider buying a home in areas with low Capitalization Rates and hold on to your property, tend to it either on your own or through a property manager. If you chose a location near a college, an area with potential economic growth, and/ or you choose a place experiencing gentrification, you can benefit from property value increase.

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Bitcoin, Cryptocurrency, Finances, Retirement, Savings

Staying Crypto-Current

Banner Featured by my Financial Mentor Tim Kim

What is a Cryptocurrency?

Cryptocurrency is making the headline on news outlets all around the internet, but what is it? A cryptocurrency is simply a digital currency that is independent of centralized systems, namely banks. The very first cryptocurrency, the Bitcoin, was created in 2009 by pseudonymous developer Satoshi Nakamoto. We still don’t know who created it, but his/ her/ their creation has amassed a huge adoption by many around the world. Having been introduced in 2009, it’s price was nearly nothing, fractions of a penny; then it jumped up to nearly $20k. Today, a single Bitcoin costs around $13k and is one of over 1,000 other cryptocurrency, also called alt coins. The mainstream media for the years since Bitcoin’s inception have portrayed it in a negative light; though it has its share of objections, many are starting to invest in it.

The top three Cryptocurrency in the world:

  1. Bitcoin
  2. Ripple
  3. Ethereum

Uniqueness of Cryptocurrency

Cryptocurrency is decentralized, meaning that it is not controlled by conglomerates such as banks and government. In addition, it incorporates blockchain technology, which is an incorruptible digital ledger that keeps track of everything that has happened in the past and will happen with the coin in the future. The amount and the fashion in which the coins are distributed vary.

Ex) Bitcoin:

There are 7,200 Bitcoins produced per day, but there will be less and less as time goes by and will eventually halt in production at 21 million Bitcoins, in year 2140.

More Resources on Cryptocurrency

  1. Blogger Tim Kim:
  2. A list of Cryptocurrency being traded:
  3. Documentary on Netflix: Banking on Bitcoin

Buying Cryptocurrency

Coinbase is the most commonly used and user friendly platform for people to purchase Bitcoin, Bitcoin Cash, Ethereum, and Litecoin (ranked in the top 6 cryptocurrency).


Word of Caution

Although Cryptocurrency may be popular and have extensive reach around the world, it is very volatile. It has also been used wrongly for criminal purposes. If you are considering purchasing coins, you are doing so at your own risk.



Entrepreneur, Experiences, Finances, goals, money, passive income, Retirement, Uncategorized, wealth

Financial Goals

My financial goals are not necessarily to become as wealthy as possible but to achieve a level of passive income that would allow me more time, ability to teach my success, and travel the world. Therefore, my financial aim for the next 3 years is $10,000/ month passively. While blogging is one of the ways I hope to achieve my goals, I also hope to invest in real estate and start a business. Since I am receiving mentorship from Tim Kim who was featured on Business Insider, CNBC, Huffington Post, and others, I find encouragement and insights to help me traverse my financial journey. In addition, I am also connected to a group of like-minded individuals with entrepreneurial pursuits through Tim’s exclusive Facebook group.


Financial Status

I am currently:

  1. Work: as an auditor full-time & part-time as a ministry leader
  2. Investment: Roth IRA, 401k matching 5% of my income, and Cryptocurrency

Monthly income: $3,000+

Monthly income Goal: $10,000


Reason for FIRE

Entrepreneurship is in my blood! It started with my dad’s pops who was a leader in the fashion industry in Korea. He chose to move to the United States to provide better opportunities for his 5 children. However the difficulty of the states proved to be grueling. My grandfather/mother worked rigorous hours knitting clothing and running a liquor store. Why? They needed to provide for their family. Entrepreneurship stemmed from hardship.

My father was forced to quit college midway to help out in the family business. As a result, he had to set aside his ambitions to contribute his time and energy into the business. However, he eventually started his own business in the fashion industry providing textile to clothing companies and was on a steady path to growth. All seemed well for several years. Then misfortune and devastation hit and it seemed endless. One scam after another wore down on my humble and hardworking father, until it took his will to continue. His business was no more.

This story reminds me of the reality in my pursuits of becoming an entrepreneur. Yet, it also gives me motivation to pursue Financial Independence/ Retire Early (FIRE) and provide for many families including my own through someday teaching what I learn.


Discovering Financial Independence

Mid to late last year, I discovered an entrepreneur, Tim Kim, who had grown his wealth to $1,000,000 by the age of 30 and would share on his blog how he got there. It set me off on the path to discovering FIRE bloggers, podcasts, networks, and books which I have been steadily digesting and applying in my personal life. Below are some things I’m currently doing to achieve one of my goals of $10,000 in 3 years.



  1. Learn: Read, digest, then apply.
  2. Accountability: Develop relationship with like-minded individuals.
  3. Refine: Fail better.
  4. Goals: Set SMART (specific, measurable, actionable, relevant, time-based) goals.
  5. Edify: Serve others.


Share your journey!

These are but a few steps I am taking in order to achieve my goals. So what are your financial goals? Have you thought of financial independence? Most of all, where are you in your financial journey?

Your thoughts and comments are always welcome!


Thanks for stopping by.

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Bitcoin, Cryptocurrency, Entrepreneur, Experiences, Finances, goals, making money, MLM, money, passive income, Retirement, rich, Savings, Taxes, wealth

Income Development

Banner Featured by my Financial Mentor Tim Kim

How many streams of income should you have?

The average millionaire has 7 streams of income. The answer would be the more the merrier. Diversification is an essential component of every experienced investor. Take for example Tim Kim (read about streams of income here), a self-made millionaire and mentor of mine that I am learning from. He has over a dozen streams of income.

How many streams of income do I have?

I currently have 4 streams of income including my 9-5. It’s a goal of mine to develop 2 of my income streams, which involves blogging and stock options, this year to a total of $3k/ month. I will keep you all posted on my endeavors.

My journey to FI (Financial Independence)…

It’s always been in my mind to be financially independent so that I could spend intentional time with my friends, travel the world and meet people from all walks of life, and adding value to everyone I meet. Initially I ran into people who had ulterior motives, which was a teaching lesson all on its own (click here to read more).  Then I met someone who had the level of success I was looking to achieve someday and he was an open book on how he got there. I started following his blog and am currently receiving mentorship from him. The spark and pursuit of this journey of FI was ignited just mid-last year.

Humble beginnings

When I started reading blogs on financial independence, I was really just getting through each month with few dollars to spare. I had a part-time job that was paying meager wages, but thankfully I enjoyed the work! I eventually obtained another job with much better pay, creating 2 streams of income but wasn’t making enough to invest.

Goal Setting

I decided to set my sights and goals higher and applied to full-time positions that would allow me room to invest. One of my goals was to get a full-time job by the end of the year. By God’s grace, I interviewed in December and started my full-time job in January 2018. Now it’s time for me to expand my income streams and develop them. I am currently settings a dream line (mentioned in Tim Ferris’s book 4 Hour work week) and hope to get started on defining what I will be doing each day to accomplish my financial goal.


Currently, I am working full-time, working part-time at my church as a worship director (which is a great joy), taking 2 real estate classes, blogging, investing into a Roth IRA through Schwab, investing in Bitcoin/ Cryptocurrency (click here to read more), trading options through Robinhood, and advertising a Social Media Agency. I have room to grow in each of these areas and it is my goal to improve everyday. By the end of this year, I hope to reach 2k/month from blogging and share with you all my progress. Thanks for joining in on the journey!

Care to share?

Do you have interest in reaching financial in reaching financial independence? Where are you financially? What are your financial goals for this year?


Sources: ‎



Death & Taxes

In 1723, Christopher Bullock published a book called, “The Cobbler of Preston” wrote, “Tis impossible to be sure of any thing but Death and Taxes.” These two have stood the test of time.


Tick Tock

Death will befall every man and woman to ever live on this earth. As our clock is ticking, have you wondered your purpose to live? There is so much more to life than the frivolous hype that media portrays, money won’t bring you joy, relationships only last for so long.

There is a spiritual hunger for each and every human being on this earth that cannot be satisfied by anything other than God himself. I personally have peace and assurance in my faith in Jesus Christ to the point that death is not something that intimidates me. He is with me so ultimately, I have little to fear.

Hello Uncle Sam

For those of us who live in the United States, it’s tax season, meaning we have to rummage through our tax documents and receipts to prepare for filing; deadline is April 17th for those who have yet to do so.

I paid right under $1,400 upon filing my taxes as I was partly working at a non-profit agency this past year, gaining about $10,000 income without taxation. I did lower my deductions as I also had 2 additional income streams that were taxed. Currently, I am filing my taxes through Turbotax (this link provides a discount), which has been convenient. Eventually, I will be utilizing a CPA as my income grows.

If you haven’t already, you can file for free through the IRS website, Turbotax (if you make or colleges tend to have free tax preparation help as there are students that need experience who are willing to provide the service pro-bono. If you own a business or real estate, your ability to deduct from your taxes will be significantly more than if you were not an entrepreneur.

If you haven’t already maxed out your Roth IRA for 2017, you can still contribute until April 17th (Motley fool got this information incorrect for some odd reason). Whether it be your Traditional IRA (pre-taxed income investment or Roth IRA (post-tax investment), it is worth considering this as an option.


Thoughts on Death & Taxes?

What are your thoughts on having a strong core belief in life? How have you been stewarding your finances in order that you aren’t paying so much in taxes?




Death, Entrepreneur, Finances, goals, making money, money, passive income, Retirement, Savings, Taxes, Uncategorized, wealth

Death & Taxes