Overcome Financial Adversity
Everyone alive has some form of financial adversity to overcome. Even the people born with a silver spoon (rich) have to learn how to maintain their wealth. Let’s review some of the financial challenges we can all face at some time; then, we can work on overcoming them. Born poor. There is nothing we could…
When NOT to Use Credit Cards
Credit cards can actually be of great use in our wealth-building journey; if we use them correctly. However, before we can effectively use credit cards, we need to establish control of our finances and create passive income. Typical use of credit cards. In America, the common use of credit cards is buying liabilities that we…
JOMO vs. FOMO
We live in a crazy society that prioritizes having fun over long-term financial stability. The main issue with this short-term mentality is that most people don’t realize that they think this way. On the surface, it seems that everyone is making these “quick hit” decisions. I guess the actual title of this article should be…
The Balanced Writer: Write Full-Time while Working Full-Time
I never in a million years thought that I would ever release a book—definitely not a book that was 1,300 pages long. It turns out that I love to write, a passion that I believe that many people share with me. So why aren’t there more writers? In one word—life. Once we get out into…
Self-Storage vs. Mobile Home vs. RV Park 3: The Best Passive Large Business
We have taken a pleasant journey from a one-acre lot to a more oversized 10-acre lot. We built barn houses, RV hook-ups, and mobile homes. Today, we will buy a mega-sized commercial property already operating our business of choice. Welcome back to the Self-Storage vs. Mobile Home vs. RV Park series (Part 1, Part 2),…
Don’t Gamble with Retirement 5
It’s been 95 days since the last article in the Don’t Gamble with Retirement series (part 1, part 2, part 3, part 4). Over those 95 days, I have written 120 articles, plus created books and covers for each piece. It’s been a fantastic ride and one I look forward to continuing for the next…
5 Takeaways from “Investing in Fine Wine”
“Investing in Fine Wine” by Alex Andrawes is the book I never knew I wanted to read. I was browsing Kiplinger’s personal finance magazine and saw an ad about investing in wine. I’d never thought about wine as an investment, so I decided to read a book about the process. Wine is an exciting asset…
Stock Market Investing 107: Back to Basics
As the New Year approaches and the threat of more lockdowns looms, I thought I’d go back to the basics. The stock market may not have the same trajectory that investors seek. Most of us see stocks only going up—something that might be changing. A choppy stock market that is trading sideways is still an…
Merry Debt-Free Christmas
How’s your holiday season going? Hopefully well. How about your finances? Again, hopefully well. If you are already debt-free, then I have some guidance for you on that front. If you are eager to reach that zero balance, this is the article for you. It’s hard to fully appreciate the finer things in life when…
The Core Values of Passive Income: Self-Education, Self-Motivation, Self-Dedication
A US Marine has three core values that we live by—honor, courage, and commitment. These are words we count on in the most difficult of times. Two years into my journey to financial independence, I found that there are also core values on this path. Building streams of passive income isn’t for everyone. In fact,…
The Magic of Being a Content Creator
I’ll be direct; the magic of being a content creator is that you are creating an advertising platform for a subject where your passion lies. Every single business needs some form of advertising to survive. Now, I will unpack these statements throughout this article, but I wanted to be clear. Content creators are entrepreneurs—strong ones.…
Self-Storage vs. Mobile Home. vs RV Park 2: The Best Medium Business
Now it’s time to take our passive income up a notch. In “Self-Storage vs. Mobile Home vs. RV Park part I,” we discussed how we could make good passive income on one acre of land. Today, we will up the ante by purchasing 5-10 acres of land and building out some serious passive income. I…
5 Takeaways from “Passive Income Freedom”
“Passive Income Freedom” by Gundi Gabrielle follows my heart by discussing my favorite topic, passive income. These words are music to my ears, and this book plays the perfect harmony. Inside the book, the author gives us over 23 passive income ideas. She thoroughly explains each concept, and you have enough resources to start further…
Roth IRAs vs. Municipal Bonds: Who is the Tax-Free Champion?
Taxes are a necessary evil because they help fund the society where we live. However, our responsibility as investors is to minimize our tax bill in the most efficient legal way possible. Two ways I have previously discussed are through Roth IRAs and Municipal Bonds. But given $6,000 a year to commit, which method would…
Living Overseas Passively 107: Cryptocurrencies
Retiring overseas on cryptocurrency income will be very interesting because crypto has only been around for 10-12 years. We have no idea how crypto will fare over the next 20 years, so all we can do is hazard a guess. If I had to guess, crypto would be even stronger tomorrow than it is today.…
5 Takeaways from “Artificial Intelligence, Blockchain, and Virtual Worlds”
“Artificial Intelligence, Blockchain, and Virtual Worlds” by Joana Penn is a quick look into the future of writing, being an author, and book publishing. I have become hyper-aware of the necessity to prepare for the outlook of automation, blockchain, and virtual reality, so this book is right up my alley. The future is coming for…
How to Thrive in the Gig Economy
I don’t care for the sentiment, “You deserve to be happy.” It makes people think that life is supposed to be comfortable 100% of the time. When things get hard, often, our younger generation decides to move on to something new. That being said, people in their 20s and 30s probably will not do what…
Inflation vs. Passive Income 2: 5 Steps to Beat Inflation
Inflation is upon us. We are entering an inflationary time that the US hasn’t seen since the 1970s. We need to understand what inflation is and how we can combat it with sources of passive income. Luckily, I have been writing about inflation for the last 6-8 months, so I have some prior works you…