Category: Business
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,…
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…
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”…
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…
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…
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…
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…
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…
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…
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…
Scenario #1: $8,000 a month Cash Flow Retirement
Scenario time. Brian is a 35 year old IT professional. He wants to retire 20 years from this date, which would make him 55 years old. He has enough savings for a downpayment on a house and nothing else. His job pays him $60,000 a year and he would like to retire with $8,000 a…
20 Books That Will Make You Rich
Check out part 2 of the Series Disclaimer: Reading in of itself will not make you rich. However, reading and creating actionable tasks WILL make you rich. I wanted to keep this page as simple as possible. I have attached my personal review of each of these books. These books together have helped me gain…
5 Takeaways from “Company of One”
Every once and a while a book comes into your life right at the perfect moment. “Company of One” by Paul Jarvis did just that. Kris and I were talking about the business we would start when I returned from my tour in Japan. We did not want our business to be super big or…
5 Takeaways from “On Writing Well”
I never fancied myself as a writer. In fact, the reason why I joined the Marine Corps was to avoid reading and writing altogether. Yet, here I am, writing. So the thought crossed my mind, that if I want to continue writing, I may as well do it correctly. Enter “On Writing Well” by William…
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…
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…
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…
