Author: kingmarine
The 30-Day $1,000 Emergency Fund Challenge
I remember not having a $1,000 emergency fund to my name. Those were not fun times, especially as a person with a family. However, over the years, I started to get my act together. I began to budget my money and consume less; now, I have $300,000 in liquid assets. Start with $1,000 first. The…
New Car Payments vs. Income Investing
Do you own a paid-off car? Congratulations, you are on your way toward financial freedom. Or are you? Chances are you are considering buying a new car because they look so dang sexy right now. You may as well get a brand-new vehicle with safety features and better gas mileage, right? That new car smell.…
Living in 1,000 Square Feet as a Family of Four
When did we become so selfish here in America? We want our small families to live in a 3,000-square-foot home on three acres. Unfortunately, we need to be alone, and this is destroying our finances. Living in these monstrous homes as a single family simply costs too much money. The need to be individuals. Families…
Becoming an Entrepreneur #7: Generating Leads
A business needs an audience of paying customers. Therefore, your job as an entrepreneur is to find new people to enter your sales funnel consistently. Welcome back to the Becoming an Entrepreneur series (Part #1, Part #2, Part #3, Part #4, Part #5, Part #6), where we turn strangers into paying customers. What is a…
The 401K Lie: Saving 10% is a Fool’s Errand
Have you ever been flush with cash? Have you ever received random amounts of money that you truly do not need (or want) to spend? Well, this is my life every day as an income investor. I invest for dividends that help me fund my lifestyle today (in my 40s) and tomorrow (in my 70s).…
5 Takeaways from “Living on Almost Nothing”
“Living on Almost Nothing” by Amber Storck is a book about living “beyond” what you would consider frugal. However, her advice is necessary in today’s economy and world climate. The author starts by giving us her work history and how she bought a home in Arizona in cash. Next, she details how she saves money…
Think of Preferred Shares as Gift Cards: Buy Your Income at a Discount
What if you could buy $25 gift cards for $20 and still redeem them at $25? Would you take this deal immediately? Why would this deal intrigue you? Because you would essentially be buying money ($5) for free? This concept is the idea behind buying preferred shares on the stock market. The more you research…
Renting Rooms to Family Members
Do you own a big single-family home with only a single family living inside? Well, congratulations, that’s a fantastic feat. The follow-up question is, how is your financial situation looking? Chances are, it is not looking too good. The bait and switch. Who told Americans we all deserve to live in 2,000-square-foot, 4-bedroom, 3-bathroom homes?…
How to Create, Buy, And Build Assets: Start the Journey to Set Yourself Free
My favorite author Robert Kiyosaki says it best, “An asset puts money in your pocket, and a liability takes money from you.” Understanding this simple truth has allowed me to become debt free and financially independent over the last four years. I simply focus my efforts on obtaining assets and not accumulating liabilities. Collecting assets…
Why You Need Passive Income!
I woke up yesterday to find some emails containing passive income in my Gmail inbox. I received $97 from Fundrise, $22 from Direct2Digital (books), and $60 in dividends. There is nothing like receiving money you don’t need. To earn passive income, you do the work once (invest or write) and continually reap the rewards. Why…
5 Takeaways from “Scale”
“Scale: A Successful Agent’s Guide to Leveling Up a Real Estate Business” by David Greene is book three in the Top-Producing Real Estate Agent Series. Luckily, I have finished all three books in the series (Sold, Skill). At its heart, Scale is a leadership manual. You can use this book for any profession where you…
Why Rents Will Continue to Rise: And How You Can Get Ahead of the Rental Curve
Are you waiting for a housing crash before jumping into the market? Well, you may be waiting for a very long time. The rental market will continue to rise for the foreseeable future for one main reason—investors. There are simply too many individual and foreign investors, institutions, syndications, and real estate investment trusts (REITs) for…
The True Value of Owning a Home
Sometimes it takes work to distinguish between value and price. In my last article, I discussed the true costs of owning a home. However, you can deal with the costs if you understand the value. Owning a home is difficult but can be an essential investment in the long run. Inflation protection. The best reason…
Turn a Reverse Mortgage into an Income-Investing Portfolio
At some point, our parents may need to use their primary residence as a retirement plan. We, as their kids, need to remove the emotion from these decisions. Each generation’s retirement years are getting longer, so it could be tough to generate income for 30 to 40 years. This is especially true if they liquid…
The True Costs of Owning a Home
If you are on the fence about owning a home, this article is for you. No matter how bad this makes homeownership seem, it’s still a must. In the following article, I will discuss the VALUE of owning a home. But, before value, I need to talk about the costs. Let’s make one thing clear—owning…
Stock & Bond Investing in Your 50s
If your 40s were all about creating income, then your 50s are about maintaining your portfolio while building generational wealth. Your income should be creating more income in your 50s. This means you should have enough income from dividends to reinvest 30%. If this is not the case, please go back and read the earlier…
Being Mediocre is Not Okay
The world wants you to be mediocre. The best way to sell products, enforce taxes, and inflate prices is to have a society of losers. We should all strive to be our best selves; this prevents us from being average. The new world order uses new catchphrases to keep us at the bottom. Some of…
The Pros and Cons of Closed-End Funds: How Do You Like Your Income?
Learning to invest for income changed my life; I figured out how to build my own paycheck. Most people do not invest for income; they want to get rich quickly. I dividend income investing into six different types, which you can read about here. One of my favorite types of income investing is closed-end funds.…
The Six Types of Income Investing: Sorted by Risk
Income investing is my favorite type of passive income by far. However, it’s not for most people, and it takes an above-average knowledge of financial systems. If you are up for the challenge, I can briefly tour this wonderful “hobby.” Income investing can help you free yourself from the chains of employment much earlier than…
Stock & Bond Investing in Your 40s
There are a few paths you can take in your 40s. You can get into more debt, get divorced, have a mid-life crisis, or become rich. Luckily I choose to become wealthy by making more income than I spend. Remember, wealth is having excess income versus expenses. But I didn’t choose to have a job…
