5 Areas of Action to Strengthen Creative Professions

The government's growth team for creative professions has solved its task and identified five specific areas of action. Among other things, politicians must make it easier and cheaper to bid on public tasks. The 13-man-wide committee that the government reduced in the spring to shed light on how creative industries can contribute to Denmark's growth has now completed its work. The work has resulted in the designation of five areas of action with...

The Difference Between Passive Income and Residual Income

I came across a podcast the other day called Residual Income Life. It sounded like something up my alley. I like residual income. So I started listening to it and come to find that it’s your run of the mill internet marking podcast. They talk about building websites, selling products and marketing on social media. On one hand, I was disappointed that it was another “me-to” blog, but on the other hand I was pleased that they actually called...

Top Personal Finance Posts Of The Week – Facebook IPO Post Mortem Analysis Edition

So…Facebook’s IPO was on Friday…and it was one of the least exciting IPOs I’ve ever seen. The hype leading up to it was off the charts. This was supposed to be one of the biggest IPOs in years. It opened pretty stinkin’ close to my prediction. And then slowly dropped back to the IPO price – $38. I expected a big pop, but the fact that there really wasn’t much of one shows that the investment bankers did their job and priced the IPO...

My Search for Residual Income

Over the last 5 years I have constantly had a number of side projects to earn an extra income. In most cases it wasn’t much, maybe a couple hundred per month. There have been a few times I did really well and brought in over $1,000 of extra income. Those months were great, but they were always short lived. Recently, I have been working on a plan to generate a more sustainable residual income stream that doesn’t take a lot of capital up...

Shark Tank Success for the Average Enterepreneurs

Shark Tank has done an amazing job of making entrepreneurship look easy. Pitch your idea to millionaires and billionaires, get some cash, get some advice and make your own millions. For the handful of entrepreneurs that get to live this story, it’s a dream. That story creates a false picture though. For every success on the show, there’s dozens that didn’t work out. If you can’t remember just how many products have been pitched, just...