“It’s about the journey, not the destination.” Have you ever heard that quote before? What does it mean to you?’
I only understood what it meant once I began my passive income adventure. My wife and I have come so far over the last 4.5 years.
How did we start our journey? In January 2019, I was sick and tired of being broke. We could afford our bills, but our credit card balances always seemed to stay the same.
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At the time, I was making $100,000 in Pensacola, Florida, which is great money. However, we never seemed to get ahead. What were we doing wrong?
Finally, in January 2019, we decided to get a roommate to help us save for our trip to Turkey we planned for summer 2019.
That was the start of our passive income journey. We were $77,000 in debt, and it was time for a change. I am not the same person I was back then.
Looking for change. The 2019 version of me believed that having $10,000 in savings would be a great accomplishment.
Today, we have close to $300,000 at our disposal. Our net worth and passive income grow every year because I understand how money works.
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I didn’t change overnight. It took years and lots of reading to convert my mindset from an employee to an entrepreneur.
I had to look deep inside and extract my actual values and dreams. I used to believe retiring from the Marine Corps and working another 20 years at a government job was the way to go.
Now, I am retired from the military, but I trade options, write books, and rent homes to keep my time to myself.
My final destination is to build generational wealth for my kids and grandkids, but I enjoy the journey every single day.
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Can you change? Many people are trapped under the weight of inflation, being underpaid, living paycheck to paycheck, and not having enough time.
There is only one way to get from underneath these terrible scenarios—massive change. If you do not do something drastic, nothing drastic will happen.
Life is a math game, and if you can solve the math problem for your life, you’ll win. Finding the mathematical solution is easy; however, putting the action in place is the challenging part of the equation.
Let’s look at an example. Let’s say you are a high-paid doctor living in San Diego. You earn $500,000 annually, and have a wife and three kids.
Choose Your Passive Income Adventure 2
You are 45 years old, and would like to retire in five years fully. Your dream is to spend every day with your wife and kids while having enough passive income to live a great life.
Let’s say you need $10,000 per month in passive income. You cannot live an extraordinary life on $10,000 per month in San Diego, so you decide it’s time for drastic change.
You move your wife and three kids to Biloxi, Mississippi, while you remain in San Diego. You are lucky because your mom and dad also move with your family to help around the house and with the kids.
You have enough savings to purchase a home outright in Mississippi. While your family is away, you rent your home in San Diego and rent a room from a local family.
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You do this arrangement for three years while implementing a hardcore savings plan. Ultimately, you move back with your family in Mississippi and have the resources to retire completely by age 48.
Here are your stats per month: dividends ($5,000), options ($5,000), and rental income ($3,000). You are making $13,000 per month passively while living your dream life with your family.
What about the middle class? The middle class can also work together to achieve greatness. However, they will need to give up some of the “luxuries” they have acquired over the years.
If you are a family of four earning less than $80,000 per year, you must take drastic measures today. Inflation and prices will only increase until there is no middle class.
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The first step is to move into a house with another family or start having family as roommates. We simply cannot live alone.
My wife and I got out of debt and saved a ton of money by having roommates for 4.5 years. It would have been a much better situation if we had family as roommates.
Understand your situation. You must realize what the world has become. Over the last 30 years, corporations and governments have leveraged the word “independence” to their benefit and our demise.
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Everyone wants to be independent and live in a single-family home with a single-family setup. Owning a home and having four people inside is only for the rich now.
Once you grasp this conclusion, you’ll have a much easier time navigating toward a better future. My wife and I understood this five years ago and took drastic measures (roommates) to escape debt.
Do you have parents and siblings? What is their living situation? How can you work together to help each other improve their lives?
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Once we reunite our families, we can begin watching each other’s kids, homeschooling, and starting businesses together.
The big corporations don’t want us to stay married and rebuild families. They would rather us each try to buy individual homes and have as many cars as possible.
Conclusion. If you are a high-earner, you’ll need to move to a smaller city in the US or overseas. If you are middle-class, you’ll need to team up with family—that’s what the world requires.
From $28/mo to $700/mo in Passive Income
If you don’t want to make these changes, you must become a capitalist. You’ll need to invest in dividends, trade options, buy real estate, and start businesses.
In short, you’ll need to earn $400,000 annually as a minimum. These numbers sound ridiculous, but the world has spoken, and it requires payment in full.
To change your life, you must change yourself. You don’t become a millionaire by thinking like a poor person.
It’s not about the million dollars; it’s about the person you must become to acquire a million dollars. Make drastic changes, and you’ll become a different (and better) person in five years. Good Luck!
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