Dream to retire early

I have been lately thinking about how to build to positive cash flow from passive investment to retire early. remember retiring early doesn't mean that you should stop working, retirement to me is to not to work for living , rather working for your dreams and for your hobbies. lately i am thinking hard on this , may be this is because i am reaching 30 and aspire to build safe investments, may be i realized that american dream of becoming millionare in a day is less and less appealing just by working for a company. when you work for company , government takes it most part of your income. my first inspiration to get financial freedom is from "Rich Dad and Poor Dad" book. i recommend this to anyone who want to get financial freedom. Imagine immersing yourself in your hobby whenever you want to instead of just doing it in the weekend. my dream is to become entrepreneur and start a company with innovative ideas and breakthrough technology. My passion is start business in high tech industry. BTW, i am planning on reading a book called "The millionare mind" , i will post my thoughts in the next blog. Now , coming back to building positive cash flow from passive investment, here are some ideas that i have been thinking on.

a. Understand your cash flow, knowing your cash flow will help you identify where your money goes. key is to reduce your debt , so that there is some money for you to invest.

b. Set your goals - every financial company will advise you to do this. if you don't know when you want to retire and why you want to retire , you will not make right decisions on investment.

c. Invest in real estate - This is a proven way , i have learned this from my father and from my friends. buy some propoerties and rent it out, this will pay your mortagage if you are taking loan.When you paid off your mortgage, you have house and you have rental income every month with less effort from you. the key is to buy a house in right location where rental opportunity is plenty. think about buying house near major companies , shops , restaurants.

d. Making money in web - Internet and web is unavoidable things in life , Many and Many people are using internet 24 hrs a day. This is potential opportunity to reach out millions of customers. recently people are making money through blogging.

e. starting business - The key to be successful in business is understanding where is the demand , investing in a emerging market at right time. what i think emerging market last year and this year is "service business", "networking community" such as facebook, orkut etc and bio tech industry.

d. Taking control of your spending - Last but not least you need to control your spending. i am not saying that you need to be frugal. you need to enjoy the present, however think about cutting down your unnecessary expentidure.

I love to hear your thoughts, leave comment on what you think about my blog and on building positive cash flow from passive investments.