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How do I invest to generate passive income and retire early? I'm 24-years-old and have 75k saved up in my bank account. I want to generate passive income and retire by 30. What should I do with the money or how should I invest it?

Eric, great post. I learned about it through Tim's "5-Bullet Friday" email. An additional strategy to consider is buying an investment property upon the birth of a child as a college fund. You would find a property that would cash flow on a 15yr fixed mortgage and sell it when your child turns 18.In this real life live scenario I did the following:Searched for property in Chicago, IL and got a lot of resultsRefined search to properties priced between $100-$200K, 2-4 bedrooms, 2+ baths, included foreclosed/fixers/short sale properties (putting a little bit of money into the property on-top of the down-payment can go a long way in terms of higher rent), 3% interest rate (going rate today for someone with good credit), 15yr fixed, 25% down-payment (keeping your down-payment below $50K), 6% minimum cap rate, $100/mo minimum cash flow (basically break-even - allowing for a repair here and there), and 5% minimum return on the down-payment so you know you're making a little bit of money on your money while you are holding it for 15yrs.(screenshot of the refine search)Now the results narrowed down to only 4 properties to do some "pre-due diligence" on(screenshot of results after the refined search)Opted against looking into the one on South Wells any further (the rent seemed inaccurate, HOA was way too high, it looked like a housing project in the picture and you should buy SRFs over condos)The South King property looks promising and something to do some further due diligence on....(REO, low HOA fee, opportunity for higher rent, minimal repairs?...) Worth a call the Realtor and if it sounds good get it inspected...West Gladys - ya gotta love brick and stone! Worth a call to the agent...West Potomac - ya gotta love brick but this one looks like it could be a lot of work so factor that in on the investment calculator(screenshot of detail page / investment calculator)Let me know what you find when you use Real Estate Search Engine, Homes for Sale, MLS Listings Revestor

If someone is about to assault my spouse or child in public with a knife and I have enough time to react to stop them with a gun, should I ever be denied the opportunity to have a gun at such a time?

That is a hypothetical question that poses some challenging elements. If an individual is about to assault and within range of stabbing your spouse or child than they are within arms reach. You executing a kill shot that close to your family is a calculated risk that you must be able to quantify at that exact moment in time.As far as should you be denied the right to defend your family? My opinion is no however, the laws that govern you are still laws and unless you are a criminal you must follow them. Either that or move. I'd suggest moving to the USA and becoming a resident of any state other than NY, CT, CA, IL, MD, HI, NJ, MA,

Who is the dictator of North Korea?

Currently, it’s Kim Jong-un, son of former dictator Kim Jong-il and grandson of the founder of the Democratic People’s Republic of Korea Kim Il-Sung. The Kims have established a de facto but not de jure hereditary monarchy of sorts, which is why North Korea is sometimes referred as “The Kim Dynasty.” Said Kim family is a branch of the Jeonju Kim clan, though they probably don’t mention that anymore, considering Jeonju is located in the heart of South Korea.Kim Jong-Un is 35–36 years old — we don’t know for sure — and is married to a near Ri Solju, a former North Korean celebrity/”cheerleader” with no known relatives with significant political power, possibly a calculated move on Kim’s part to avoid showing favoritism in the government. It is speculated that Kim has 2 or 3 children, one of whom was confirmed by former NBA player Dennis Rodman to be a daughter named Ju-ae. It is not entirely certain whether Ju-ae is the first or second child, but rumor has it that Kim has at least one son, which may play a role politically in the decades to come. He also has several siblings and half siblings, most notable of whom being his younger full-sister Kim Yojong, who he made head of his propaganda department.Kim rules with an iron-fist, backed by a massive bureaucracy that is composed mostly of military officials. He has no known rivals, since, in the years after he took power in 2011, he purged most of them and had his exiled older brother, Kim Jong-nam, assassinated. He has taken a thus far cautiously liberal approach to governance, implementing some economic reforms and, in the past few months, a friendlier tone with South Korea and the U.S.

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