Run a Property Management Business
Life is good, isn’t it, especially when you have money? Even though my wife and I have our financial act together, we are always on the hunt for ways to add additional income streams to our portfolio. I just finished a book on opening a business in the physical world called “How to Start a…
High-Income Hijinks: Get Huge Income from the Stock Market
Most people invest in the stock market for capital gains. They love to watch as their stocks (or crypto) prices go up and up. It is a great ride, as long as the prices keep going up. Good for them and more power to their future wealth. I invest for income, cold-hard cash. I like…
CryptoCurrency 105: The Stability of Stablecoins
The cryptocurrency market can be highly volatile. It is not uncommon to see 30-40% swings over a few days. This price action puts many investors off because they are used to the more consistent stock market movement. But what if there was a way to invest in the crypto market without having the wild price…
Love Income: Try Closed-End Funds
I think that closed-end funds are my favorite products on the stock market. They aren’t very sexy, and they don’t give me sky-rocketing capital gains, but boy, do they get the job done. And what job is that? Their job is to give me large amounts of income. I use closed-end funds as the anchor…
5 Takeaways from “How to Start a Microbrewery”
“How to Start a Microbrewery” by Cole Ferguson was the exact book I was searching for. I wanted a book on opening a physical business, but I also wanted some information on brewing beer. I dream of maybe brewing my own beer one day as something for me to do in retirement. I also wanted…
I Live Paycheck to Paycheck 2….So I Created a New Income Stream
Living paycheck to paycheck is not fun. Nothing about running out of money during the middle of the month is gratifying. It also is not a time where you can think ahead for the long term. When you live paycheck to paycheck, you are usually trying your hardest to get your life under control. People…
Happiness isn’t Free
“I want a big house, a nice car, lots of money, and a wonderful spouse!” This statement is typically what a person decides will make them happy—this is their version of happiness. If everyone dreams of this amazing life, then why do so many fall short? Well, happiness isn’t free. Happiness is a combination of…
Start a Family Business
I’ll admit up front that this article isn’t a feel-good puff piece. I am writing this article to shed some light on our children’s hardships as they enter the workforce. I will recommend some things we can do now to help them along their way. Let’s take a look at the reality of education and…
Run a Passive Airbnb Business
Airbnb can be pretty polarizing. On the one hand, people love intimate settings; on the other, they don’t offer as many amenities as hotels and are starting to cost just as much. Whether you are team Airbnb or team hotel, there is passive income to make, so let’s learn something. Airbnb can be an excellent…
Creative Financing in Real Estate 106: Business Credit
Another day, another financing idea. The purpose of the Creative Financing in Real Estate Series (101, 102, 103, 104, 105) is to brainstorm methods for us to buy properties. The real estate market is at its top, and every penny we can leverage is invaluable. Today, we will talk about business credit lines. I do…
Retire Early as a Well-Rounded Millionaire
On my path to becoming a millionaire, I have been learning a lot about what the concept of being a millionaire means. Honestly, anyone can become a millionaire—there is nothing inherently special about achieving this milestone. But, yet there is something extraordinary about reaching a million dollars. I define a millionaire as someone having $1…
Why Do I Need to Invest in the Stock Market?
Let me start by saying that I understand that you are afraid to invest in the stock market. I get it entirely, and I have been there before as well. You work so hard for your money, and you fear that investing in the stock market is too much risk to handle. You wouldn’t be…
CryptoCurrency 104: The Future of Decentralized Finance (DeFi)
Have you ever wondered what it would be like to lend money to a friend and not have to worry if they paid you back? How about having the ability to make an excellent return on your money while it sits in a bank account? What about setting parameters and having your cash deploy when…
Become a Bonafide Investor part III: How to Prepare for Inflation
I remember when gas was 99 cents a gallon. The year was 1999, I was 18 years old, and I was in Pensacola, Florida. Man, those were the good ol’ days. Whatever happened to those gas prices? Inflation happened to them. That’s right; inflation can slowly eat into our stockpile of money if we don’t…
5 Takeaways from “The Book on Managing Rental Properties”
Do you want to save a ton of money throughout your lifetime? Yeah, who doesn’t? Managing your own rental properties can save you thousands upon thousands of dollars over the course of your life. But is it something that you genuinely want to do? “The Book on Managing Rental Properties” by Brandon and Heather Turner…
How Much Do You Need for Retirement? Part I: Introduction
How much money do you need to retire comfortably? In typical American retirement language, they would give you some random lump sum amount of cash that you would need. Usually, they take 70% of your current income and multiply it by 25. For example, if I make $100,000/year, I would (by their standards) want to…
Cash Flow 105: Diversify Your Passive Income
“Variety is the spice of life,” or so they say. And why getting rich to be any different. Currently, the crypto market is down, the stock market is flat, the rental market is up, and my royalties are doing very well. So which one do I have to focus on to be successful in today’s…
Read These 10 Books Before You Start a Business
Too often, people start a business without knowing what entrepreneurship is at its core. The job of an entrepreneur is to solve other people’s problems at a profit. Too often, someone opens a business to solve their own problems. Then they wonder why no one wants to buy their goods or services. As I read…
Can You Achieve Work-Life Balance 2
Now, it is time to get to the specifics on how to achieve work-life balance. To be very clear, the only way to truly achieve this critical balance is to become work-optional, which means that at any time, we can pack our bags and leave. We are basically working for the intangibles such as companionship,…
Retirement Planning at Any Age
Why is planning for retirement important at every age? Because you cannot move forward until you know where you are going. When you get in a car and have never been to the destination, what do you do? You enter the address into Google Maps and ensure you have a path before you get started.…