There is nothing wrong with being firmly in the middle class. I am happy sitting in the middle because I can fly under the radar.
As middle-class people, we get ourselves into trouble by trying to act like we are rich. Keeping up with the Joneses is a losing proposition on all fronts.
However, we can make ourselves extremely comfortable by investing in various asset classes and improving ourselves.
Life in the Metaverse
The goal of middle-class investing. The series aims to convert a standard middle-class person from a regular employee to an advanced investor.
Being an advanced investor doesn’t mean you have to gamble on the stock market or buy multiple rental properties. In fact, it is the exact opposite of taking risks.
Robert Kiyosaki (“Rich Dad Poor Dad”) says there are no risky investments, only risky investors. Therefore, we can make great long-term choices when we have “the information” and set personal goals.
The mindset of an investor. The first step to obtaining everything we want in life is determining what we want in life. That’s right; we can create the life of our dreams.
Content Creation in the Metaverse
You know, the world did not intend us to work miserable jobs. The idea of working a meaningless 9-5 job for 40-50 years is a fairly new concept.
On the flip side, what would you do if you had enough money to retire today? If you said, “sit on my couch and watch Netflix all day,” you should continue working a job.
We find true happiness when we have a family and create productive work and products. For example, perhaps you should start a dog rescue or animal park if you love animals.
The first goal of investing. There is no point in investing if you don’t have a dream. I aim to retire and travel to far-off countries with my wife and family.
Dividends vs. Royalties part III
It will be pretty expensive for a family of four to live without a job, so I am investing in multiple asset classes (and myself). By working hard today (I am 41), I can ensure we can spend the rest of our days living on our investments.
I discovered investing at age 38 and haven’t looked back since. Here is what I am investing in today to achieve financial freedom tomorrow.
- Military Retirement: I am investing my time and energy in growing my military pension. This will cover our basic expenses and health care.
- Dividends: We are building a portfolio of dividend-growth stocks, index funds, and income-investing securities. This income will cover the nicer things in life, like travel and fine dining.
- Real Estate: Owning real estate is crucial to building generational wealth. With housing prices increasing quickly, owning real estate will protect us from inflation.
- Royalties: I started writing books to earn passive income from creativity. I do not depend on royalties, so the money is for trivial spending.
- Automated Business: An automated business runs without you. I started a blog to work all hours of the day for me. My blog, YouTube, and Facebook group aim to drive traffic to books.
When can you leave your job? If you make $10,000/month at your job, your first goal is to mirror that with passive income.
Budget vs. Fixed Income
Is it tough to make $10,000/month in passive income? Yes, it will take a high level of knowledge and an extreme work ethic.
However, you don’t need to jump entirely to passive income before leaving your job. You can invest in yourself first by starting a business that can replace some of your employment income.
Let’s say you have 20 years of human resources experience. You can start a human resources consulting business (read “Company of One”) that will slowly build alongside your job.
You can leave your job when your consulting business reaches $10,000/month. You can then work on creating passive income by writing human resources books, videos, online courses, and more.
Stock Market Down? Dividend Yield Up!
A shift in mindset. Most people will never free themselves from the tyranny of the workforce. We have become a community of drones. We live and work in a hive and listen to our queen (employer).
If YOU want true financial independence, you must free yourself from this mentality. Furthermore, you must be completely different from 95% of the people around you.
Middle-class investing isn’t about starting a massive business, owning 100 homes, or gambling big on the stock market. It is about being there when your grandchildren are born.
Better yet, you can stay with your kids as they raise your grandchildren. Watching your kids and grandkids grow and mature will be life-defining—especially if you don’t need to work.
What Type of Business Should You Start 4: Content
Investing will solve most of your problems. Outside of relationships, learning about investing will solve most of your problems.
The information you learn as an investor will give you a leg up on society. You can help your children and grandchildren buy cars, purchase real estate, save income, invest cash flow, and start a business.
You can ditch the victim mentality that prevails across society today. You will take ownership of your current situation and your destiny.
Real Estate Investing in Your 20s
Investing is about taking control of your finances and, more importantly, your time. Do you really want to work until you are 66?
Conclusion. At age 66, you can draw social security—do you want to depend on the government for the rest of your life?
Wouldn’t it be nice to have $25,000/month in passive income at age 66? You can do this and more by committing to the process.
The process starts with your mindset, then moves to budgeting, saving, increasing your income, investing, and planning for retirement.
USDC for the Win !!
These are the topics I will cover throughout this series. Most people cannot handle these topics, but I am not writing to most people—I am writing to you.
You feel that you want a change, so you read this article. Are you ready to commit to reading books, taking action, building a business, learning to invest, etc.?
I made the change in June 2019 and have been a different person since. I no longer worry about my children’s future because I have the information.
We can create jobs together and not depend on the world to provide for my kids. Investing is about empowering your family. If this sounds good to you, keep following this series. Thanks for reading, and good luck.
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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
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