Category: F.I. Mindset
Middle-Class Investing 103: Create Additional Streams of Income
To sit comfortably in the middle class, you must create additional income streams. Holding one or two jobs in the household is risky. Rich people understand the power of having multiple streams of income. It is how they continue to accumulate wealth, even during a recession. Welcome back to the Middle-Class Investing 101 series (101,…
The True Power Couple: How to Build a Passive Income Marriage
Let’s start 2023 by dissecting what made marriages stronger 60-80 years ago. These topics are sensitive, but let’s focus on the financial side of the house. Somewhere along the lines, someone convinced the middle class that having two working parents was the path to financial success. But will having two working parents lead to marital…
Middle-Class Investing 102: Budgeting to Financial Freedom
There comes the point where we all must settle down, create a budget, and follow it. Whether this time comes in your 20s or 70s, it SHOULD happen. But why has budgeting become such a bad word? How have credit cards become a staple of middle-class families? It’s no accident that credit cards have become…
Middle-Class Investing 101: Investing is Essential for Freedom
There is nothing wrong with being firmly in the middle class. I am happy sitting in the middle because I can fly under the radar. As middle-class people, we get ourselves into trouble by trying to act like we are rich. Keeping up with the Joneses is a losing proposition on all fronts. However, we…
The Biggest Book on Passive Income Ever 3!
What is the point of working hard to build passive income? Couldn’t we achieve the same results by getting a high-paying job? Yes and no. Money is money, no matter how it arrives in your account—this is true. But the magic of passive income is you can do whatever you want as it grows inside…
Don’t Gamble with Retirement 9
It’s always exciting when I add to the “Don’t Gamble with Retirement” series. It is one of my longest-running series, and I love documenting as the world changes. I wrote the first article in a series in February 2021, when we were in a raging bull market. Today, the stock market is in the opposite…
LBYM: Live Below Your Means and Increase Your Savings Rate
“Living below your means” gets a bad reputation. People hear these words and assume you need to eat grits, make honey sandwiches, and recycle toilet paper. But that’s not the case at all. Living below your means simply means creating cash flow through your household. It also means that you do not subscribe to the…
New Year’s Passive Income Resolution 2023
What a fantastic year we had in 2022. Yes, the stock market crashed, but things still lined up in our favor. That is the magic of passive income—it helps protect you from downturns. I started the year bullish on cryptocurrencies and still feel the same. They will be a significant part of our transition to…
Will Being Cheap Make You Rich?
Most of us grow up with a sense of happiness about our surroundings. We don’t understand how rich or poor our family is, nor do we care. We enjoy playing with our friends, eating with our family, and not having many responsibilities—we call this childhood. We can live like this for 10-12 years until we…
Overcoming Depression through Progression
The “hot” new therapy seems to focus on healing the past. The idea is that if you can discover and isolate your trauma, you’ll be able to move forward. I am no clinical doctor, but I have a different approach. While it is vital to isolate your trauma, it is more important to focus on…
To Become Rich, You’ll Need Leverage
Getting rich in one lifetime is nearly impossible—yet this is the path our parents taught us as children. Here is the plan in a nutshell: Please tell me if I am missing something. The problem with this typical scenario is that at no point did you exert any leverage. 40-Year Interest-Only Mortgage In fact, when…
Take The Difficult Path: The Only Way to Reach Happiness is through Tough Decisions
I once heard the quote, “You can measure your success by the number of tough conversations you have.” How many times have you had to have a tough conversation with yourself, your spouse, your kids, your parents, or your co-workers? Most people avoid tough conversations and don’t have much success or happiness. The path to…
I’m Obsessed with Money: And You Should be Too
I love money. I love having money, making money, and growing money. Society attempts to tell me I am terrible for caring about my money. The only way to stop caring about money is to become obsessed with it. Once you figure out how to live below your means, save money, and grow your income,…
5 Takeaways from “His Needs, Her Needs”
“His Needs, Her Needs” by Dr. Willard F. Harley Jr. is the best book on marriage ever written. I can say that without a doubt because I read it ten years ago, and it made my marriage that much better. The book gives the top ten basic needs within a standard couple—five for women and…
Losing Friends? You’re Doing Something Right part 2
The path to wealth is a lonely journey. No one will understand your obsession to become rich and live on passive income. Only three percent of the population will become wealthy, so your ascent to becoming elite is rare. You cannot expect 97% of people to follow you on your quest. Continuing education is the…
The ReBirth of the Renaissance Person
There has never been a better time to become rich. The barriers to entry in sectors like real estate, business, and investing are open to all that apply. However, you can’t become wealthy as a one-dimensional, closed-minded, unfit, uneducated person. You’ll need to step out of your comfort zone and become a Renaissance Person to…
5 Takeaways from “Extreme Early Retirement”
“Extreme Early Retirement” by Jacob Lund Fisker is a deep look at financial independence. I mean a truly in-depth look at society, economics, education, and training. This book is a tough read because the author orients it toward very sophisticated people. The author is a renaissance man, and he writes as such. I find this…
Be Extreme Toward Your Dream
I read about passive income while on a trip to Turkey with my wife in 2019. Immediately, I knew I wanted to live overseas while using passive income from royalties, rents, and dividends. I became obsessed with tracking my passive income progress to the point that I thought something was wrong with me. All I…
Take Control of Your Financial Destiny: The Magic of Being an Insider
Are you trying to get rich by working a job? How is that working for you? The primary way to get rich by being an employee is time. When exchanging time for money, you don’t have the benefit of using leverage. One hour of your time is worth one hour of salary. So how do…
5 Takeaways from “The Independent Homeschool”
“The Independent Homeschool” by Fred Ray Lybrand is a journey of learning “how to learn.” Specifically, it teaches us how to create independent learners that can teach themselves. My life goal is to homeschool my grandkids throughout their lives. I am preparing myself now for how to run a homeschool successfully. This is my first book…
