It’s time again to learn about you, the readers. Are you a breadwinner? Last year Freedom 35 Blog visitors were asked who the primary income earner is in their households. Here are the results. Thanks to everyone who voted (^_^)
I think what the poll results show is that people who read personal finance blogs tend to make more money than his or her spouse. 🙂 Out of the 67 voters who live with other people, 42 (63% of them) claim to be the main person to bring home the bacon. I don’t think it’s a coincidence. Those who have a higher affinity for making money will probably be drawn to reading blogs about how to make more money. Even people who don’t have high paying jobs can still become the breadwinner of a family through other means. For example, with my recent acquisitions that I wrote about earlier this week, I’m now making about $17,000 a year from investment income alone.
The nice thing about investment income is it gives us a lot of control over our household finances. For example I could sustainably increase my investment income to $30,000 per year if necessary. But doing that would slow down my portfolio’s long term growth so I’m choosing not to do that since I don’t need the extra money right now.
Investment income is less risky than a salary or wage as long as our investments are properly diversified. A well balanced portfolio should continue working for us even while we sleep. Furthermore, capital gains and dividend income is tax less than earned income so even the tax agency wants to reward investors. 🙂
Random Useless Fact
We tend to be very good lawyers for our own mistakes, but very good judges for the mistakes of others.