5 Takeaways from “A Trader’s First Book on Commodities”
My favorite author Robert Kiyosaki, of “Rich Dad Poor Dad” fame, describes four asset classes- real estate, business, paper assets (stocks, bonds), and commodities. I have already read multiple books in the other asset classes; you can read some of my thoughts in the article “20 Books that will Make You Rich.” However, “A Trader’s…
“Financial Independence Magazine” is your Military Families Magazine
My name is Josh, and I have been in the Marine Corps for 22 years. I created Financial Independence Magazine so that everyone would have the opportunity to experience financial freedom. Most of my content is geared towards people like me- mid-class, middle-aged, and with children. We were not given the tools to make ourselves…
March Over March update 2021
In the investing world, it is always good to take a look at where you were some time ago. As we slowly grind towards our goals, we sometimes do not realize how big the strides we are actually taking. That is why I am starting a monthly series to look back at where we were…
The Velocity of Money and How it will Make You Rich
If you had $30,000, how would you invest it? In the stock market? Or maybe a business? These questions are what you should be asking yourself almost daily. At any given time, you should know how to invest your money because your money should always be able to be re-invested. That’s right; your money should…
Mo’ Dividends Mo’ Problems #6 March 2021
Let’s see what dividends we were paid in March 2021. My goal is to get to $1 Million which would yield roughly $40,000 a year of dividend income. MARCH 2021 DIVIDENDS DIVIDENDS: $129.72 CASH APP Stock Type Ticker…
Are You Too Old to Start a Business?
Read My Books for Free: Free Kindle Books Schedule Business is one of our four pillars to a successful cash flow retirement- the others being retirement income, investing, and real estate. Many people are afraid to start a business because of the complexities of running a company. I am here to tell you that your…
Millennials, Homeownership, & Kids
Read My Books for Free: Free Kindle Books Schedule This article will paint a grim picture of the current generation of millennials finding affordable housing. Then, it will paint a worse picture of their kids being able to become homeowners. The truth is, as money prints, asset prices will continue to rise. Those with assets…
My Foray in FOREX
Read My Books for Free: Free Kindle Books Schedule I wasn’t always into the whole financial education scene. In fact, I started understanding the depth of the financial world in June of 2019 (roughly less than two years from today). I knew that I wanted to make more money in the early days, but I…
Military Success 102: Mental Fitness
Read My Books for Free: Free Kindle Books Schedule In Military Success 101, we learned how vital it was to stay in top physical shape for a long, successful career. Equally important, if not more so, is to stay in top mental shape. Keeping your mind in the game will take training because there will…
Y.B.E. Young Brilliant Entrepreneurs
I actually bounced the title of this article from one of my favorite songs of yesteryear. The year was 2001, and the song was Y.B.E. Young Black Entrepreneurs (YouTube) by Prodigy, on the album H.N.I.C. I was a Lance Corporal (E-3) stationed in San Diego, California. I had the album on cassette tape, and boy…
Advertising 102: Left Brain vs. Right Brain
Your brain is divided into two sides, but I am guessing you already knew that, right? However, did you know that these different sides help us make purchasing decisions in unique ways? As entrepreneurs and budding advertisers, we need to use this to our advantage when conveying our message to our audiences. If you haven’t…
Books & Thoughts
I have read precisely 40 books over the last eight months, and one thing sticks out to me- each book starts to become a piece of who you are. After I read “Rich Dad Poor Dad,” I began to say, “The rich don’t work for money.” When I finished “Be Obsessed or Be Average,” I…
Creative Financing in Real Estate 101: Introduction
The goal of your financial life is to obtain assets that produce you money. Many types of assets make money in various ways. You have assets that build capital gains, such as growth stocks, gold, housing, and collectibles. Capital gains, or price appreciation, can be risky because you only make money when someone purchases the…
Preferred Shares 103: The Rule of 72
Another day, another preferred to buy. After reading Preferred Shares 101 and 102, you should be well-versed in why we are buying preferred and which types of preferred we are targeting. As a recap, we are looking for preferred shares that are “Cumulative Redeemable Perpetual and Fixed.” Before we jump into the Rule of 72,…
Military Success 101: Physical Fitness
Introduction. The military has been good to me, and it might be a great starting point for you as well. I started my military career, and I went over 20 years- it was my wealth generator. However, the military is not for everyone as there are plenty of reasons that can make it difficult. Before…
How Do You Define “Being Rich?”
What does it mean to “be rich” to you? I know many of us believe that being rich is living in a massive mansion with exotic cars, exotic women, and exotic animals. America has conditioned us to think along these lines- having millions upon millions of dollars is the definition of being rich. These dreams…
Mothers as Entrepreneurs: Take Control
The pandemic hit many people very hard, lots of which never recovered. We learned much about ourselves and our society during this crisis. Mothers, as a group, were hit especially hard. During the crisis, our children were pulled out of school without forewarning. Parents, mothers in particular, were forced into tough choices involving going to…
The Advantages of Adult Children Living at Home part II
In the first part of this article, I went on a rant about this topic’s background thought process. In many countries outside of America, it is acceptable for adult children to live at home with the parents. Here, we see it as a weakness. Today, I want to cover the actual benefits of adult kids…
Preferred Shares 102: Terminology is Important
For my preferred shares, I like them to be “Cumulative Redeemable Perpetual and Fixed.” If you don’t know what this means, don’t worry. I did not either until I read the book “The Billionaires Secret.” In Preferred Shares 101, we talked about the benefits of investing in preferreds- now, it is time to get into…
Use the Military as Your Wealth Generator
I have talked a lot recently about wealth generators. It started with “Use Real Estate as Your Wealth Generator” and then “Cash Flow 103: Choose Your Wealth Generator.” As I reflect on why I am still in the military after 22 years, I realized that the Marine Corps was my wealth generator. Also, check out…