Welcome to the Cocoa Nomad podcast, a show about location independent entrepreneurship. I’ll discuss the techniques, tools and tips that can help you balance work and travel and share my experiences (and experiments) in trying to make both a living and a life.
The 10% Rule is a 10 year path to replacing your full-time income, starting from scratch. I came across the rule in an article by Ben LeFort , on Making of A Millionaire (Medium)
YouTube - https://youtu.be/djiEkWgwY9Q
Blog - https://thecocoanomad.com/2021/08/16/how-im-using-the-10-rule-of-side-income/
You can read the entire article here:
From the article:
If every year you can replace an additional 10% of your current income doing work you love, you can achieve financial freedom in no more than 10 years.
My return to full-time work combined with my side projects provides an opportunity to put this plan into action. As with any technique that I implement, I will be putting on spin on it. In this case, I’m going to apply the rule to multiple side projects to provide diversification and acceleration.
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