5 Takeaways from “Before You Quit Your Job”
“Before You Quit Your Job”, by Robert Kiyosaki, came into my life at the perfect time. I am 3-5 years away from retiring from the Marine Corps, and I have decided never to work for anyone again. So what does that mean for me? It means that I will have to become an entrepreneur and…
Mo’ Dividends Mo’ Problems #2
Let’s see what dividends we were paid in November 2020. My goal is to get to $1 Million which would yield roughly $40,000 a year of dividend income. Follow us on our Facebook Page: https://www.facebook.com/kingmarine1775 Join our Facebook group at: https://www.facebook.com/groups/231490384820780 Listen and Learn on YouTube: https://www.youtube.com/channel/UCfoq4ILMCmesrmO_HXE53Jg/ Follow us on Pinterest at: Disclosure: I am…
5 Takeaways from “Step by Step Bond Investing”
There are 4 separate sections to my Retirement 4-50 passive income retirement plan. They are Pension, Investing, Real Estate, and Business. I needed to beef up on my investment knowledge, so I just finished reading “The Intelligent Investor” by Benjamin Graham. Inside this book, the author continually talks about investing in bonds as a hedge,…
5 Takeaways from “The Intelligent Investor”
Benjamin Graham, the author of “The Intelligent Investor”, is heralded as one of the greatest inventors to ever live. After reading this monster of a book, I can see why. Mr. Graham does a great job of explaining a mindset for the potential investor to mold into. This book is not so much about technical…
Marriage Year in Review: 2012
Story: 2012 was probably the busiest year of our marriage. We traveled to so many places and connected to so many people. We went to Laughlin multiple times, Las Vegas, San Diego, Grand Canyon, Palm Springs, and Phoenix. Sadly, I also started another two-year accompanied tour in Beaufort, South Carolina. We did a 10-day road…
The Difference between Retirement Planning and Creating Passive Income
To put it bluntly, financial education in America sucks. There is truly no other way to put it. But, I can understand why. Most Americans cannot save or do not want to save. The few others, that make it a point to save, are investing diligently into their TSP or 401k retirement accounts. Even fewer…
My Retirement 4-50 Update #2
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 residual work income, investment income, rental income,…
November over November 2020
In the investing world, it is always good to take a look back at where you were some time ago. As we slowly grind towards our goals, we sometimes do not realize how big of strides we are actually taking. That is why I am starting a monthly series to look back at where we…
5 Takeaways from “The Millionaire Fastlane”
“The Millionaire Fastlane” by MJ DeMarco is the book that we should have read in 5th grade. Although the concepts are deep and intricate, I would rather know them sooner rather than later. The basic concept of “The Millionaire Fastlane” is how to create wealth through a business. However, during the book, the author makes…
Say this 3 times “My Job WILL NOT make me Rich”
No, seriously. Say this 3 times out loud, “My job will not make me rich”. Did you say it? It is very important that you say these words and heed this advice. The sooner that you believe this realization to be true, the better off you will be. I wish that someone would have grabbed…
The Fast Track to Wealth
Wealth is an elusive muse for most of us. We have been trained since childhood that we need to hit certain wickets in order to achieve great wealth. Those things are ideas such as; go to college, get a good job, invest in your 401K, buy a house, and keep minimal debt. Yes, those things…
5 Takeaways from “Be Obsessed or Be Average”
“Be Obsessed or Be Average”, by Grant Cardone, is a journey through the life of a self-made multimillionaire. Being obsessed with becoming the best salesperson helped Grant build a huge business empire. I have been in the Marine Corps for close to 22 years now. My goal from the start was to be the best…
STASH Update #2: Nov 14, 2020
Stash is a great platform for automated investing. I invest in bonds, index funds, and most importantly, dividend-paying stocks. I have a personal (taxable) account and also a retirement (non-taxable) account. The STASH account gives me about $11 a month in dividends. Join our Facebook group at: https://www.facebook.com/groups/231490384820780 Follow us on Pinterest at: Disclosure: I…
Is Becoming Rich Something that is Right for You?
Of course, everyone wants to become rich. We all want to have the security of no longer having to worry about money. I do not think people wake up just to worry about money. But having financial security is a far different achievement than becoming rich. I would consider being becoming financially secure as having…
5 Takeaways from “Making Money from Mobile Homes”
The best way to describe “Making Money with Mobile Homes” by Lonnie Scruggs is that it is “Rich Dad Poor Dad” for mobile homes. Since “Rich Dad Poor Dad” is one of my favorite books, that makes this book one of my favorite books. The most important idea that I learned from “The Cash Flow…
5 Takeaways from “10 Other Real Estate Investments You Could Make”
“10 Other Real Estate Investments You Could Do” by Michael Lantrip is a comprehensive account of possible ways to make money in real estate. These ways are outside of the normal methods of buying real estate, whether that is single-family homes, apartments, or commercial. I would have never guessed that real estate had so many…
5 Takeaways from “Build a Rental Property Empire”
“Build a Rental Property Empire” by Mark Ferguson is interesting for the fact that he builds his rental property empire by purchasing residential single-family homes. It is interesting because this is in direct contrast to another book that I read called “Zero Down” by Monica Main (https://militaryfamilyinvesting.com/2020/10/13/5-takeaways-from-zero-down/). In her book, she recommends investors buy commercial…
How I Beat My Mid-Life Crisis
I do not think that long-term dreams and goals are supposed to be reached by age 38. Or maybe it is just me. When I was younger, my biggest dream was to be a Marine. Once I entered the Marine Corps, my biggest goals were to become a Master Sergeant (E-8) in the Air Traffic…
5 Takeaways from “Who Stole My Pension”
“Who Stole My Pension”, by Robert Kiyosaki and Edward Siedle, is a dire look into the death of defined benefit pension plans. Defined benefit pension plans were very popular in the industrial age. The basic idea is that you would work for 2-30 years for a company or government entity. You would be paying into…
Are you Prepared for Retirement?
Whew, I am starting off with a very tough question for most people, including myself. There is a difference between being “ready for retirement” and “being prepared for retirement”. I think most of us tend to be ready for retirement when we realize that there is no “big” payoff at the end of a career…