Entrepreneur, Experiences, Finances, FIRE, goals, money, passive income, Retirement, 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 to teach others how to achieve the same thing, travel the world, eat great food, and enjoy more time with friends. 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 currently being mentored by Tim Kim who was featured on Business Insider, CNBC, Huffington Post, and other successful people, I find the 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 (for more info: click here).

Financial Status

I am currently:

  1. Work: Full-time (40 hours/ week) & Part-time (10 hours/ week)
  2. Investment: Roth IRA, 401k matching 5% of my income, and Cryptocurrency

Monthly Gross income: $3,800+

Monthly income Goal: $10,000

Reason for FIRE

Entrepreneurship is in my blood! It started with my dad’s pop 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/ grandmother 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 teaching what I learn along the way.

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 shared 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.

*This post contains affiliate links.


Share your journey!

These are 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 welcome!


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Income Development

Banner Featured by my Financial Mentor Tim Kim

Streams of Income

Did you know that 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.

My streams of income

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.

Journeying to FI

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!

*This post contains affiliate links.


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?




https://stewardingfinances.com/2018/03/14/live-and-learn/ ‎




 Death and 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 life clock ticks, we are only dying. Why the pessimism you ask? Well because it’s part our present reality. I also believe life is precious and that every human being has intrinsic value, essential value. Your life and mine have meaning, yet our days are numbered. I often question, “am I living out my life to the fullest?” I urge you to do the same. While we aren’t dead, we ought to make the most of today! Which is a good reason to pursue FI sooner than later (Read more on this here). Moving on…

Hello Uncle Sam

Moving on from death and onto taxes!

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 and 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. Another option are colleges; they have free tax preparation help as there are finance/ accounting students that need experience who are willing to provide tax services 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. Whether it be your Traditional IRA (pre-taxed income investment or Roth IRA (post-tax investment), it is worth considering these investment options.

*This post contains affiliate links.


Thoughts on Death and 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