Author: kingmarine
It’s Raining Money: How Dividends Can Change Your Life 2
Most people enjoy rainy days as long as they don’t need to leave home. There is something soothing about listening to the raindrops outside their windows. Something I find even more soothing is the sound of dividends hitting my brokerage and checking accounts. There is nothing quite like getting a text, email, or notification saying…
Stocks, Bonds, & Options in Your 30s: Prepare for Financial Compression
I am going to start calling the 30s “the compression years” because you spend the entire decade being compressed financially. In your 30s, you are trying to climb the corporate ladder, get married, have children, and buy a house while living the American dream. It’s no wonder that most people have upside-down bank accounts after…
Preparing for a Recession #2: Adjusting Your Lifestyle
The recession will affect us all differently, but make no mistake, it will affect us all. Some will discover great wealth during these challenging times, and others will lose everything. Those who take preparations seriously have a shot at becoming wealthier than before. Those who attempt to carry out the same lifestyle will fall behind.…
Selling Covered Calls + Social Security: The Ultimate Retirement Combo?
Going into retirement, the worst thing you can do is put yourself on a fixed budget. Conversely, establishing a budget is the best way to prepare for retirement. What’s the difference? When you live on a fixed income, someone tells you how much you have to spend. When you create a budget, you tell yourself…
Recipe for Wealth: Trading Long Strangles and Living Below Your Means
There are only two ways to become wealthy: reducing expenses and increasing income. Most people fail to get rich because they don’t succeed at both. If you can lower the stakes on one side of your life, you can increase the risk on the other. For example, you can fund your options portfolio if you…
Stocks, Bonds, & Options in Your 20s: Mitigate Risk while Building Wealth
People in their 20s have trouble with their finances because they have two objectives: building wealth and funding their future. The financial media always tells the younger generation about compound interest and how vital it is to save and invest early in life. The stark reality is that people in their 20s must contend with…
Preparing for a Recession #1: Improving Your Skillsets
Let me set the stage. In 2024, interest rates are high because inflation has ravaged the American economy. Businesses have cut jobs at record numbers because the price to finance and maintain debt has skyrocketed. The average person is dealing with a home insurance crisis, inflated property taxes, elevated rents, and high gas prices. To…
Selling Covered Calls for Passive Income 2: Why Take the Risk?
What’s not to love about earning passive income? You invest your money, go to the beach, and your accounts grow with magical passive income. Right? That’s the fantasy, at least. In reality, creating a passive income stream requires hard work and specific knowledge. Today, I want to focus on one way to earn passive income:…
The Four Principles of Index Fund Investing
Index funds are vital to our wealth-building journey because they provide a safe approach to investing in the stock market. Index funds are as reliable as you can ask for something that trades on the stock market. However, we must remain vigilant as passive index fund investors. The goal of index fund investing is to…
The Options Wheel vs. An Online Business: The Best Way to Make Money From Home
Everyone wants to make money from home. Imagine making $2,000 per month from the safety and security of your cozy house. What’s not to love about the idea of generating revenue without having to get dressed? However, making any type of income from your home is extremely challenging. Since everyone wants to be the next…
Boost Your High-Yield Savings: Decreasing Rates Call For Increasing Innovation
Robert Kiyosaki famously said that savers are losers; I agree with him wholeheartedly. Most people believe that he wants people to be reckless with their money. However, he means quite the opposite. He is saying that depending on the bank to generate your rate of return will always be a failing proposition. For the last…
Kindle Unlimited vs. Draft2Digital: The Best Platform for Passive Income
I started writing to earn passive income. Robert Kiyosaki said that we can create an asset from our mind, and the first thing that came to me was a book. So, here I am today. Over four years of writing, I have learned a lot about different platforms and programs. Two programs I use every…
Writing for Passive Income: Become an Elite Content Creator
So, you want to become a writer? Becoming any type of content creator is challenging and liberating. But what makes writing so great? I became a content creator in June 2020 when I started writing. No invisible walls or gatekeepers prevent you from becoming a writer. To become a writer, you simply must write. I…
Trading Long Strangles vs. Rental Properties: The Best Use of Leverage to Build Wealth
Owning a home has become increasingly difficult. Most people view homeownership as the simplest way to build wealth, but those days may be over. Further, owning multiple properties and becoming landlords allowed people to grow their net worth, increase their passive income, and build generational wealth. However, purchasing a primary residence is challenging enough; how…
Nobody Owes You Anything 2: Build Your Own Financial Success
We have become a “society of entitlement.” We want things for free or that we can receive with little effort. But the true path to financial freedom is treacherous and difficult. To free ourselves, we must not expect anything from anyone. That’s not to say we become independent warriors; we simply take matters into our…
Selling Cash-Secured Puts vs. Book Royalties: The Best Passive Income Strategy for the Average Person
It takes money to make money; this is usually the case. However, there are some things in life that we can create for free. The goal of financial freedom is to collect as many income-producing assets as possible. Most of these assets require capital to obtain. Some income-producing assets are treasury bonds, dividend-paying stocks, rental…
Build Wealth Slowly 2: Make Sound Financial Decisions Over a Long Time
What’s the rush? Why does everyone want to become rich overnight? Americans seem to have a love affair with the dream of becoming a millionaire in their 20s. But the truth is we can do so much better if we build wealth slowly. By creating a wealthy lifestyle from the ground up, we ensure our…
Selling Covered Calls vs. Renting Rooms: The Best Passive Income Strategy for the Average Person
Many people dream of becoming high-flying options traders who can double their money in a month. Sadly, they are more likely to lose their money than double it. Trading options is not for the faint of heart. It requires nerves of still and the ability to detach your emotions from what’s happening. I love trading…
Retiring on Dividends 106: Income Investing (Dividend ETFs)
The world is full of choices, especially regarding dividend-paying stocks. How can the average investor choose from so many great companies? One way to collect a bucket full of companies is to purchase index funds. The S&P 500 Index Fund (SPY) collects 500 of the US’s top companies. However, the yield on SPY is relatively…
Options Trading in Your 70s: Avoiding the Stock Market At All Costs
We should all be winding down in our 70s. We want to enjoy our days and love our nights, but we don’t want a lot of stress from the financial markets. If you have all of your finances squared away in your 60s, then your 70s and 80s will just be a continuation of those…
