The term Lifestyle Investing is one which has penetrated the lexicon in the first decade of the 21st century. The use of the term is rapidly gaining momentum as priorities shift based on signification global events.
Tim Ferriss, author of The 4-Hour Work Week is often credited for his use of the term lifestyle design though he is not believed to have been the first. Ferriss' approach to life and what he calls the 'new rich' revolves around breaking the paradigm of the traditional application of time where a person works until retirement and thus postpones many plans until later in life. Lifestyle Investing builds on this notion can be compared to 'carpe diem' or seize the day approach to both life and income generation. This allows subscribers to this approach to enjoy the flexibility necessary to create a lifestyle of their choosing, or what Ferriss describes as lifestyle-by-design.
In recent years the Internet has provided millions of people with the opportunity to create both active and passive income streams via the world-wide-web. This has allowed many people to pull-back from both the traditional employee lifestyle as well as the traditional small business owner model. This new breed of entrepreneur is what Richard J. Goossen called 'e-prenuers'1.
As the world slowly climbs out of the economic downturn which began in earnest in 2008 an increasing number of people are reassessing their behavior with respect to finances, their time, their...