Kindle Cash Flow how to publish guide

Good morning everyone! Over at Make Money Your Way, we have a guest post from Pete Arnott, a young entrepreneur from the ever-sunny land of Scotland, owner of He is going to cover how he makes money online, relatively passively, and how you can do it too.

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and… OMG, we have rats! How to fight a rat invasion?

Find out over at Savvy Scot!


Financial Independence, Is Your Spouse on Board?

Even Steven Money


Even Steven Money

Please welcome Even Steven! Let me know if you would like to guest post on RFI.

My blog is named Even Steven Money and I’m working on paying all of my debt back, becoming Even Steven, and building financial independence to retire early.  I started my official journey about a year ago and have been sharing my accomplishments and stories for going on 5 months and the progress and encouragement I have made and received has been nothing short of amazing, so give yourself a round of applause if you have stopped by to check me out, if not here’s your chance.

Let me start out by saying like many bloggers working hard for the money or just the enjoyment of sharing their story, there is a better half.  Most of our spouses do not write, but most are very supportive, if not we all probably would have stopped writing or been divorced months ago!  My wife is no different she loves reading everything I write about, without a doubt my most loyal reader.   She is a private person and prefers I do not talk about the numbers including salaries, mortgages, and all the flashy numbers out there.  While my wife is very smart, makes a good salary, and came into our marriage without any personal debt, she is slow to my crazy ideas of financial independence.

Getting Mrs. Even Steven Money on board for saving and investing is a tough battle.  She would rather talk just about anything else rather than a monthly budget meeting, how to save money and cut costs, and even retiring early.  I usually have to bribe her with some sort of coffee shop latte and candy like baked good to talk about money.  She loves the concept of financial independence and retiring early but I don’t think she is sipping the Kool-Aid just yet.  Here’s an example.

The other day we sat down and the conversation about FI came up.  One of the conditions or bargaining chips I have is that my wife loves her family and wants to move back to Florida what seems like at all costs.  Our plan has been to pay off our rental property in Florida, which is on track for being paid off in December 2016.  This is where the dream was built, if we pay off the rental property we can revisit our situation and decide if moving is the best thing for us and for our financial situation.  If we would move we would still have to work and most likely would move into the Florida rental property, thus giving up our Florida rental income.  Our Chicago home would go from a 2 unit rental to a 3 unit rental since we would move out, the difference would be the lower amount of rental income, but more importantly we would still have to work, something that if I move back to Florida is not in my plans.  As you can see there is a lot of give and take when it comes to our Financial Independence Journey, possibly even a cross-road of sort.

Earlier when I mentioned Mrs. Even Steven Money not drinking the Kool-Aid, she displayed her doubt recently.  She asked “So what happens when we reach FI and we want to move to Florida, will we be able to retire early because aren’t we losing some of the rental income”?  She brought up a good point as my plan would be to own a smaller home that would be drastically less than our current mortgage payments.  She’s a numbers person so she starts asking how much the Chicago rental brings in, and the Florida house?  OK so what expenses would we have?  (I have this all laid out in a spreadsheet, of course I do I’m a nerd).  After going through the numbers she said with a smile oh yeah this could work!  My beautiful doubting wife, of course it can work, I read about this stuff daily and run spreadsheets, I know that it can work!  My FI scenario relies almost entirely on rental income which is not my perfect scenario, so I explained my plan is to have a large emergency fund, stocks/bonds that receive monthly cash flow, and a side hustle like eBay or like Pauline a blogging income, I lost her, our conversation was over the latte was finished she was already thinking about if we had any ice cream in the fridge or what else was going on that had nothing to do with money.

I would love to say if you want your spouse on board you need to follow these 3 steps, but everyone’s situation is different.   I have learned some things along the way about getting your spouse on board with FI, here are a few of them:

  • Nobody will be excited as you about FI.   You blog about it, read about it, dream about, run spreadsheets about, I repeat nobody will be excited as you about FI.
  • You have a dream and so should your spouse.  My dream is to spend a month golfing with my Dad and sleeping on my best friends couch while we incorporate the new bring your friend to work day.  That is my dream, not Mrs. ESM.  She has a dream to spend more time with her family, wake up and drink coffee and eat bread talking to her mother, while making sure all of her brother’s home work is done and they become successful young men.  You both need dreams, separate dreams.
  • The dream needs a financial roadmap that you both are on board with.  We both want to spend more time with our family, we both realize that we need to have less expenses and more income to make that happen.  She is focusing on paying off the rental property, I am focusing on paying off my student loans, and we have a roadmap to retire early.
  • Give and take along the way.  If all financial decisions were mine and mine alone we would focus on debts in a different order.  Our investments would probably be a higher percentage and we might not be driving a big SUV (paid for).  We are a team as much as you want to pay off this loan or that loan, you have to be together on your decisions and that might mean some give and take.  If getting on board with our plan includes making the Florida rental home a priority, let’s do this.  Whether it’s the highest rate, largest loan, or customer service reps you hate the most, you want it all paid off, so give and take a little for the common good.

I would like to think I have learned a thing or two along the way in my financial journey, but I know there is more to figure out, overcome, and learn about along the way.  I hope you will join me on my journey and share insights about your own.

Don’t forget to follow me on Twitter and Google Plus and of course my blog at Even Steven Money.

Can you profit from an IPO?


With the big news coverage surrounding the IPOs of Twitter and Facebook in the past couple of years, you have probably already heard about overnight millionaires of the Silicon Valley, and startups becoming billion dollar businesses in an incredibly short period of times. Can you benefit from an IPO as well? Probably, with a little due diligence and information from the markets. But first, let’s see what an IPO is and how you can get in.

What is an IPO?

IPO stands for Initial Public Offering, and marks the first time the share of a company are sold to the general public on the stock market. Past IPOs have included companies such as General Motors, Visa Inc and Zoopla in the past couple of years. While it usually means a big check for the early investors and employees hired before the IPO, it could also be your chance to make a little money by trading those IPO stocks on the short term. It is important that you do your homework before you invest in any stock, and the same goes for IPOs. To help you determine the estimated launch price of a stock, there are available studies prior to the release, and you can also get information about the grey markets.

What are grey markets?

Grey markets reflect trader speculation on the value of the IPO at the end of a first day of trading. IG the leading financial spreadbetting provider, has a list of past and upcoming IPOs that you can consult to check the estimated launch price, and the actual one. Since the traders’ sentiment is very important as part of the actual market performance of the stock, grey markets can help you make a decision about investing in the next IPO or not.

Making money from day trading

Trading daily, or taking short term positions, is pretty time consuming. Around here at Reach Financial Independence we have talked about day trading a bit, on market such as foreign exchange or individual stock markets, but generally we lean more towards mid to long term trading as a way to build wealth safely. While day trading can offer big returns, it can offer similar losses if you go into the market not fully aware of what you are doing. This is why such literature and reports are really important to be as informed as possible before making a decision to invest. Which doesn’t mean IPOs will be more predictable. While most of them ended up pretty close to their estimate, a couple of estimates were off by 25%. For the novice investor, index funds, and a few individual picks of dividend stocks or long lasting companies may be a safer option to invest your money.

What are your thoughts? Would you invest in a company’s IPO or wait until its price stabilizes before getting in?

Beach living vs lake living


Before buying my lakefront house in Northern Guatemala, I lived for almost a year on the Southern Pacific Coast, right on the beach. I love having water around, although beach living is different from lake living, and there are several aspects to take into consideration when you choose one or the other.


I love seeing the water from bed

I love seeing the water from bed


Like seasons, tides mark a rhythm of things coming and going, and are pretty nice. Until you have a really big one, or a tsunami, and your house gets washed out. Sure, you can always claim damages to your insurance, but insurance companies are there to make money and it is very likely that they won’t cover it all.

Buying an old beach house is good as you know it has survived storms already, although you don’t know if the structure is still strong. And water levels are expected to rise 2-7ft by the end of the century. In Guatemala’s lake Atitlán, the historical villages were about 500 meters from the lakeshores. Then foreigners came and built right by the water. 30 years later the waters rose and they now have their feet in the water.

I’d say lake living wins because it is way less probable the lake will rise, although it happens sometimes.


Land erosion

I admire people living on cliffs and always wonder when they will have to abandon their house due to land erosion. The sea eats everything, and if you buy right on the beach, chances are you will be closer and closer from the water every year, until it reaches your house. Not today, not tomorrow. But it is a possibility within the term of your 30 year mortgage.

Lake wins this one.



After about six month of living on the beach, my laptop died. I took it back to the store as it was still under warranty, and was told it was because the sea salt had infiltrated the hard drive and the fan, so all the inside components were rusty. I never used it right on the beach, or poured salt water on it, it was just the regular sea breeze’s doing.

They were kind enough to change my hard drive for close to nothing, but it was not something the warranty would cover. Everything rusts in a beachfront house. Your fridge, your washing machine, dryer, any appliance. Even more if you don’t use them regularly. If the house sits empty for six months, expect to find some damage.

The same goes if you have a metal structure, roof or deck. Unless you cover it with very expensive anti corrosive paint and apply regular coats, you will find it eaten by the sea.

Around the lake, the house is a bit humid but there is no such thing as salt erosion. Lake wins.



I love the sea because I feel it is infinite. You can go around my lake in a couple of hours. So sailing, diving, water-skiing, fishing… everything is more exciting by the sea. And I feel like lake living is less social, with everyone spread around the lake, whereas the beach attracts lots of people every summer, and is globally more dense.

Beach wins, except if you are a true clear water fisherman or an hermit.


Seasonal town

Ever been by the sea in winter? That is a pretty depressing sight. You probably fell in love with the beach when it was sunny, warm outside, the shops and restaurants were filled with happy people, and forgot that six months of the year, when tourists are gone, the town hibernates and looks like a ghost town. Seasonal workers move to the mountains for the ski season and it’s just a bunch of old people and fishermen.

Some lakes are the same. I was in Tahoe the day the ski season closed and it was morose as well. And in Florida, the sea is nice all year long.

So that’s a tie.

How I charge 40-75% more for the same product and keep customers happy

Over at Make Money Your Way, find out how I charge 40-75% more for the same product and keep customers happy!

Click here to read more..