How to Build Passive Income from Royalties
“Passive Income” are the most important words in our financial vocabulary. These words help us separate ourselves from the act of making money. However, it takes hard work to build that initial product that will in-turn create passive income for us. I like to separate our passive income journey into four categories: Retirement (pension, TSP,…
Intro to R.E.I.T.s: Part 2 REIT Sectors
Real Estate Investment Trusts come in all flavors. Knowing the REIT sectors that you are investing in will have an impact on your portfolio based on different business cycles. In layman’s terms, real estate sectors perform differently based on what is happening in the economy. This is part 2 of our Introduction to REIT series.…
January over January 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…
How We Built 13 Streams of Income
Relying solely on earned income is risky. In layman’s terms; living solely off the money from your job can be dangerous. It is risky because one stream of income can dry up very quickly, especially in a recession or downturn. During a recession, companies start to lose profits. Because of these losses, the companies will…
Living a Middle-Class Life is Stressful
Stress is the silent killer. Looking back now, I realize how much stress I endured throughout my 22-year career in the military. Now, that I am almost completely stress-free, I can genuinely identify the stress in my past and what created it. Trying to live a middle-class life was my biggest stressor. Many times we…
8 Reason to Start a Micro Business
Starting a business is a big deal. So big in fact that most people are too intimidated to even try. But not every business has to set the world on fire. It just needs to help YOU achieve F.I.R.E. There are many reasons to start a small business. In this case, I will focus on…
5 Takeaways from “Dirt Rich”
I love surprises. I had never heard of this book before yesterday but it was on my Amazon recommendations once I finished my last book. Wow, I glad that I read it. “Dirt Rich” by Mark Podolsky is a book based on land sales with a huge undertone of financial independence. In fact, at some…
Will You Make A Good Landlord?
The number one reason I hear for not investing in rental properties is becoming a landlord. So many people have a fear of being a landlord. I personally don’t know where this comes from, but it has a lot to do with an individual’s personality. Real estate is the most convenient way to make a…
Introduction to REITs
Getting started in real estate can be a very daunting task for most Americans. Most Americans will usually never own more than one home at a time. So, how else do you get broad exposure to the booming real estate commodity? This is where REITs come in. REITs are essential to your overall investment strategy…
5 Takeaways from “How to Start & Run Your Own Bed & Breakfast Inn”
You can tell by the title of the book what business I am looking towards in the future. After reading this book, I do not want to run a full-on Bed & Breakfast Inn, however, I can take many elements from their business model. “How to Start and Run Your Own Bed & Breakfast Inn”…
Is Doing 20+ Years in the Military Right for You?
Let me start by saying this: I believe every able-bodied young person in American should serve at least 4 years in the US Military. The tangibles and intangibles of serving will provide a solid foundation and will last a lifetime. Some of the tangibles are learning a skill, travel, and getting access to both the…
Real Men Understand Finances
What does it mean to be a provider? What exactly are you providing and how much of it are you supposed to provide? Like most men, I thought that I had all the answers. I was working hard in my job, getting promoted, buying a house, and paying the bills. But then something happened. I…
Automation: And Your New Business
Running a business is great. Collecting passive income from a business is far greater. But how do we set ourselves up to collect passive income from our new business start-up? It takes critical-thinking, specifically in the initial planning phases. When you are starting a business, you need to map out your goals from the very…
Why Real Estate is the I.D.E.A.L. Investment
What makes real estate such a huge draw to investors? There are many other assets to invest in such as stocks and gold, so why has real estate built so many fortunes over the years? To understand how real estate makes so many investors rich, you have to first understand the basics of real estate.…
5 Creative Ideas to Make Money While You Sleep
Passive income is so beloved because your money is off earning you more money every minute of the day. You may be in a meeting when you get notified of dividends that hit your account. You may be waking up when you see your bonds paid you interest. You may be looking at your bank…
How the Rich Buy Their Bling
For the majority of my adult life, I figured most of us spent money the same way. The middle class was middle class because they didn’t make as much money as the rich. The rich had high-paying jobs so they could afford boats and mansions. Recently, as I read more books, I discovered that this…
Stocks vs. Bonds: A Beginners Guide
The stock market can be a dangerous minefield for beginners. The process of getting starting can be intimidating because of the absolutely absurd amount of information out there. I personally believe it is this way so that most people will have to rely on pricey financial advisors. But I am here today to tell you…
Charles Schwab Update #2
In the last Charles Schwab update, we had $1910 invested and were earning $65 annually in dividends. Charles Schwab has since become my lowest valued brokerage account out of the five (Charles Schwab, Wells Fargo, STASH, Cash App, and M1 Finance). But stay tuned because I have plans in place for Charles Schwab. I want…
Living on Auto-Pilot or Driving Towards Abundance
In America, our lives are set up from the beginning to run on auto-pilot. Each person from age 0 to 18 has a very similar record of how they attended school. After high school, the differences start to form between those that go to college and those that do not. At age 26, most people…
Why the Bank Wants Your Money & Why You Should Become the Bank
Understanding the banking system is vital to achieving financial independence. It is part of our ongoing financial education and will help free us from the monetary constraints that most of us are under. Today, let’s talk about lending. In particular, how the bank uses your money to lend and how you can do the same…