Yes, You Can Create Assets From Thin Air
As Robert Kiyosaki said in “Rich Dad Poor Dad”, the Rich do not work for money. Reading through the book, the reader finds out that the rich acquire assets that produce income for them. They are always on the hunt for assets, investments, and ventures that will give them an amazing return on their investment.…
How to Prosper During the Next Recession
Recessions are horrible events for millions of Americans. They cause high employment, homelessness, and hunger. We need to ensure that we not only survive during these times but also prosper. If you dig deep into history, most fortunes were made during hard financial times. This is when you can buy property and businesses for pennies…
Our Kids need Financial Education AND Assets
Parents, it is time to finally come to terms with the state of the world as it is today. No longer can we act as if things are as they were. We were raised with the mantra of work hard, get a good education, get a high-paying job, start a family, buy a house, and…
5 Takeaways from “Unfair Advantage”
“Unfair Advantage” by Robert Kiyosaki is the greatest book I have ever read. Blanket statement. However, I would still recommend reading “Rich Dad Poor Dad” first (here) because it is the beginner level to his thought processes. I prefer “Unfair Advantage” because it is straight to the point, and he is even more direct on…
Dividends vs. Capital Gains
Dividends vs. Capital Gains is the battle of the ages. But which one is more effective in building generational wealth? Which one will make you rich? The answer, like most answers, is in the eye of the beholder. Let’s start by giving a quick definition of each. Dividends are a portion of the profits of…
7 Pre-Steps to Starting a Blog
Type in “Start a Blog” in your Google search bar and see what pops up. You will find tons of articles with step-by-step guides on how to start a blog. They usually start with finding a web host and choosing a domain name. These are all technical steps on how to put a blog on…
How to Leverage Real Estate at any Age
Something I often hear is that you need a lot of money to get involved with real estate. And yes that is true if you are talking about certain types of commercial real estate or multi-family homes. I like to think of real estate as more of a mindset than a physical entity. Your goal…
Hindsight is 2020
Reflection time. As we move into the new year, 2021, and leave behind the hot mess that was 2020, let us take a look at what was. Let us review our financial status and determine if we are better off now than we were at the start of 2020. Hopefully, by doing a deep reflection…
Keep the Job, Quit the Mindset
Let me be clear from the very start, having a job is not a bad thing. In fact, I am an employee just like you. I have been an employee since 1996, when I started working at Arby’s in San Diego, Ca. It is the employee mindset that ends up getting us in trouble. The…
Mo’ Dividends Mo’ Problems #3
Let’s see what dividends we were paid in December 2020. My goal is to get to $1 Million which would yield roughly $40,000 a year of dividend income. Get Your Free eBook: Follow us on our Facebook Page: https://www.facebook.com/kingmarine1775 Join our Facebook group at: https://www.facebook.com/groups/231490384820780 Follow us on Pinterest at: Disclosure: I am not a…
It Feels Good to be in Control Of Our Finances
I was just talking to my wife Kris about how your New Years’ 2021 went last night. Then naturally we drifted to talking about the business of our household. We have been married for 15 years (in Feb 2021) and tend to weave in and out of business and leisure topics. This is how our…
5 Takeaways from “How to Take Smart Notes”
Honestly, I never really thought that taking notes was extremely important. I knew that taking notes over material was important but not the actual ART of taking notes. I did not know how much this could improve your overall thought process. “How to Take Smart Notes” by Sonke Ahrens is an extremely deep dive into…
2021: The Year of Dividends
To quote myself, “Family plus passive income equals the American Dream.” Having passive income coming in allows us to spend our time however we like. Passive income is our freedom from the workforce, the freedom that we can then spend with family. So if we plan on truly spending time with family, we have to…
Why You Need To Become A Content Creator in 2021
Did you finally finish your Netflix tv series? How about defeating the final boss in your open-world videogame? Good! Now, let’s work on creating long term wealth for you and your family. Creating a blog, starting a YouTube channel, or opening a Facebook group can propel you to great wealth and success. Content creation is…
The Magic of the Infinite Return
Most of us start out knowing one way to make money. This is our prime money generator, and for a lot of us, it is our earned income job. Eventually, as we mature and become wise in the world, we put the money from our job into investments. We will call this “building our money…
My Retirement 4-50 Update #3
My retirement 4-50 plan is our goal to be work-optional by age 50. It consists of 4 retirement income blocks. Retirement 4-50 is based on cash flow. My goal is to have a total of $6,000 a month cash flowing from each block (total $24,000). The blocks are retirement income, investment income, rental income, and…
5 Takeaways from “How to Blog for Profit”
I am so glad that I read “How to Blog for Profit”, by Ruth Soukup, when I did. I am not trying to make my blog something big until I retire from the Marines, however, there are things I can be doing now that will set me up for later success. This is a powerful…
Why Budgeting is Important to Wealth Creation
Why do people hate budgets? I know that I used to hate the idea of budgets. I would give myself a wide $200/week budget for stuff that I wanted to buy. I think it is because people, especially us Americans, hate being told what to do. “I earned my freaking money, and gosh darnnit, I…
5 Takeaways from “The Passive Income Myth”
“The Passive Income Myth”, by Joseph Hogue, is my favorite pick for people who want to begin their passive income journeys. The book talks about 4 different passive income strategies, all strategies that I consistently preach about. In fact, if I were going to write a book about passive income strategies, this is the book…
Passive Income Ideas: $7,027 from $1,000
Wow! $7,027 from $1,000. That is a cool 700% return. Is it really possible? Of course it is. And you can have everything up and running by next weekend. The caveat is….you are not going to like what it entails. But you are not here to be comfortable, you are here to become rich! I…