There couldn’t be a better time to release Don’t Gamble with Retirement 11. I will retire from the Marine Corps in 10 days after 24 years of service.
I will not work another job, instead relying on the principles of passive income to increase my revenue every year.
But, I didn’t always understand passive income and how to leverage assets to create wealth and shore up my time. In fact, I learned these fantastic principles roughly four years ago.
- Don’t Gamble with Retirement 1, Kindle Unlimited, February 13, 2021.
- Don’t Gamble with Retirement 2, Kindle Unlimited, April 20, 2021.
- Don’t Gamble with Retirement 3, Free PDF, June 18, 2021.
- Don’t Gamble with Retirement 4, Free PDF, August 30, 2021.
- Don’t Gamble with Retirement 5, Free PDF, December 3, 2021.
- Don’t Gamble with Retirement 6, Free PDF, March 5, 2022.
- Don’t Gamble with Retirement 7, Free PDF, May 31, 2022.
- Don’t Gamble with Retirement 8, Free PDF, September 10, 2022.
- Don’t Gamble with Retirement 9, Free PDF, December 14, 2022.
- Don’t Gamble with Retirement 10, Free PDF, March 23, 2023.
Don’t Gamble with Your Retirement. Believing you have enough money is the number one way to ruin your retirement.
I know this sounds bad, but you can never have enough money. This statement doesn’t mean to seek money at all costs.
It means consistently generating revenue and creating new income streams—no matter how small.
We never know what surprises life has in store for us. We may be living our best lives, but our kids or grandkids may need some assistance.
Life isn’t about stopping to smell the roses. We must continue to push the envelope of creativity and hard work.
Let’s examine the income streams I plan to leverage during retirement. I suspect in one year; I will have even more to discuss.
- Retirement income– military pension
- Investment income– bonds, dividends, stock options
- Rental Income– rental homes, shipping container storage
- Royalty income– Medium platform, books
- Business income– website, affiliate marketing
The end goal. Why do I leverage so many income streams? Why don’t I just relax every morning and drink coffee?
The best part about passive income is that I can relax and drink coffee every morning. However, the money will continue to flow into my accounts passively.
My wife and I want to do many things throughout retirement. I am only 42, and she is 39. We have a long life ahead of us, and we don’t want money (or lack thereof) to hinder us in any way.
So we choose to pursue passive income streams that will improve our lifestyle and increase our happiness.
We also want to help our kids and grandkids by showing them different ways to generate income and improve their lives.
Conclusion. In the end, passive income is about you and your time. How much do you value your time?
You will always have bills to pay—this is a fact. Do you want to exchange time for money by working 40 hours a week?
Or do you want to work 3-5 hours a week and generate more income than a job? You can do it all, but it takes financial sophistication. Everyone would generate passive income from dividends, rents, and royalties if it were easy.
What is your dream life? Where would you be, and who would be by your side? Once you have this picture in your head, think about how you would fund it. That is the key to a successful retirement. 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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