Happy Cash Flow Retirement 8

Today is a great day. I woke up understanding my purpose, my goal, and my mission. I also wake up every day richer than the day before.

Welcome back to the Happy Cash Flow Retirement Series (Part 1, Part 2, Part 6, Part 7)

My life consists of the magic of cash flow. I understand how to create money, use money, and grow money. When you know these three principles, you become untouchable (but remain humble, of course).

Staying Debt-Free in Your 70s

Creating money. The book “Rich Dad’s Guide to Investing” teaches us how to create cash from thin air. There are many ways to create money.

I like to create income-producing assets from my brain and creativity—we call these books. I also create money by renting rooms. Renting rooms may be the purest form of creating money available to almost everyone.

You can create money, but you must understand that money is an exchange of value. If you try to obtain money without adding value, you will fail over the long term.

Financial Independence Remain Employed

Using money. We can use money from work to pay for expenses. We need to invest the money that remains. Once our investments pay us, we spend that money on things we want.

Essentially, we are living on our investments. One day, the income from our investments will fund our entire lifestyle. That is the day we become financially independent and “work-optional.”

Say you go to work to earn $500 and then spend that $500 to travel to Disneyland. You must go back to work to travel again. However, if you make $500 in dividends, you can keep traveling to Disneyland without working. 

Eventually, we want to have $10,000/month, $20,000/month, or more in passive income. If we structure our assets correctly, we can leave them to our children.

Don’t Gamble with Retirement 7

Growing money. You also need to reinvest the money you get from assets. If you earn $1,000/month in dividends, you should reinvest 30% or more. 

Why reinvest? If you keep reinvesting, your income will continue to grow. Your wealth will compound forever. You must continue educating yourself because your money can grow as long as your mind expands. 

I like to track my wealth monthly. Not as a vanity metric but to ensure I am doing the things necessary to grow the money. I don’t want to fumble the bag. Once you become serious about your money, you’ll be surprised at how well it treats you. 

Happy Cash Flow Retirement. All this is to say, “Happy Cash Flow Retirement.” Once you put everything together, you’ll have money coming in from all angles.

The Publishing Chronicles 5

You’ll wake up with emails from dividends, rents, royalties, and more. Sometimes, your dividend stocks will pay extra dividends, or your book will sell better than you expect. 

Life is good when your assets are doing the heavy lifting. I recently went on a seven-day road trip where I could reflect on my passive income journey.

Luckily, I captured my thoughts over the seven days in a series of articles. I can’t wait to leave San Diego and return to Florida on the same seven-day trip. I will be much happier and wealthier then.

1. Passive Income Road Trip #1: Financial Mindset
2. Passive Income Road Trip #2: Retirement Planning
3. Passive Income Road Trip #3: Dividends
4. Passive Income Road Trip #4: Cryptocurrencies
5. Passive Income Road Trip #5: Real Estate
6. Passive Income Road Trip #6: Royalties
7. Passive Income Road Trip #7: Automated Business

Let’s focus on you. Now, let’s shift the focus to you. How are your finances? Do you have debt? You can either pay interest or receive interest.

USDC vs. Series “I” Bonds

Are you paying the bank money interest every month, or is the bank paying you interest? You must consider these things as you work toward your Happy Cash Flow Retirement.

Where do you want to live? The most significant factor in your wealth is where you decide to live. Do you want to retire in California? 

I currently live in Southern California, and I can tell you it is much more expensive than in western Florida. I can retire comfortably in Florida for $10,000/month in passive income. I would need $25,000/month for the same lifestyle in California.

Start building a business now if you plan to retire in an expensive city. A business, especially an online business, can compound infinitely. There is no limit to the amount of wealth you can create.

Run an Upscale Bed & Breakfast

You don’t want to retire in these massive cities with only a pension or 401k. Today, you see how quickly your 401K can drain because of its relationship with the stock market. 

Diversify your passive income. The premise of a Happy Cash Flow Retirement is to have many sources of passive income. Therefore, if one goes down, another may go up.

If my dividend payers cut their distributions in half, I can start selling T-Shirts through my online business. I can introduce a new income stream by adding value to my biggest fans.

If my housing costs rise, I can increase the rent on my properties. When we have control of our income, things become much more enjoyable.

A Recession vs. USDC

Another factor of our Happy Cash Flow Retirement is our emergency fund. We use this to cover unexpected costs along the way.

I recently had to pay $3,000 to fix the water well on my Arizona property. It was no big deal because I used my emergency fund. I then replaced the money the next month.

Conclusion. The benefits of understanding money will make your life feel like a dream. I was in Ikea yesterday and saw so many people.

Being Broke Isn’t Cute part I

90% of these customers will never collect rent from someone, receive a dividend, or earn a royalty payment. They will go to work and get a paycheck.

They believe they can afford the things in Ikea, but they are paying for these items with their time. I bought a new desk for $450, but I know my dividends paid for this table.

I am thankful for understanding how to leverage my money, and I want to pass along these ideas. The concept of passive income will allow you to free up your time.

Time is the most valuable resource on Earth. With whom do you want to spend your time? Are you willing to sacrifice your $450 table to invest in preferred shares that will pay your $4/month?

That’s the short-term sacrifice for the long-term goal of freeing your time. That’s how you become time-independent through financial education. Happy Cash Flow Retirement! 

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5. Investing: How We Plan to Retire on Dividends 2 (165-Page Free PDF)
6. Cryptocurrencies: Counting on Crypto 2 (Free 159-Page PDF)
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8. Business: Retire Rich, Retire Comfortable with a Business 2 (Free 185-Page PDF)
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing