Category: Retirement Planning
Retrirement Plus: Supplement Your Retirement with Options Trading
Trading options during retirement doesn’t fit the typical narrative concerning your happy years. Trading options may sound stressful or anxiety-inducing. However, not having cash flow during retirement is much more stressful than trading options. Without cash flow, retirees are on the raft of life without paddles. Therefore, as retirees, we must determine how options trading…
What is Your Entertainment Budget? Use the Extra Money to Start Options Trading
Everyone loves to spend money on their favorite entertainment vices. Some of us love to go to concerts, while others love to watch pay-per-view boxing matches. No matter your particular entertainment vice, it must fall into an entertainment budget. Sadly, budgeting is not everyone’s cup of tea. Today, I will make the case for why…
Retirement Plus: Supplement Your Retirement with a Treasury Bond Ladder
How secure is your retirement? Do you feel confident that you have the financial sophistication to survive and thrive into old age? We can all take steps to ensure a healthy, wealthy retirement. One of these steps is to use US Treasuries to protect our principal and create great passive income. But what makes US…
What is Your Food Budget? Use the Extra Money to Start Investing in Dividends
The food budget is the most challenging of all the allowances in your monthly household budget. That’s because food is an emotional element of our existence. However, starting the month without a food budget is akin to walking under the rain without an umbrella: it can be exciting but could make you sick. Today, I…
Retirement Plus: Supplement Your Retirement with Dividends
Nobody teaches us how to retire. Few people can think about life in their 60s while dealing with life in their 20s. Therefore, to facilitate a healthy, wealthy retirement, we must prepare for it. The best retirement system for the working class was the pension system. However, gone are the days of corporations and governments…
Retirement Planning for the Average Person 7: Yes, You Can Retire
Retirement planning is still the same as it has always been; it just seems more complex. To have an amazing retirement, you must generate income passively. Most of us have never considered the idea of making money while we sleep, but the basic gist of the story is that the person with the most passive…
My 2024 Passive Income Streams: How My Finances Look Today
Every year, I write my passive income resolutions. I put them out on New Year’s (2022, 2023, 2024) so that they can set the pace for my financial ambitions. This year, I want to supplement my resolutions with some hard data on how my finances look at mid-year. This update will serve as a guiding…
Preparing for a Recession #4: Making More Money
A recession is not the time to start adding income to your bottom line; you should start that process well before the balloon goes up. We must all prepare for the reality that we will lose our jobs during a recession. Similarly, we should learn how to generate income outside a W-2 job to control…
Preparing for a Recession #3: The Five High-Yielding Saving Products
Nothing is more important than having money during a recession; however, the days of stuffing cash under the mattress disappeared a while ago. We need to become much more sophisticated with our money, resources, and assets. Cash is an asset, and we must value it as such. Welcome back to the Preparing for a Recession…
Preparing for a Recession #2: Adjusting Your Lifestyle
The recession will affect us all differently, but make no mistake, it will affect us all. Some will discover great wealth during these challenging times, and others will lose everything. Those who take preparations seriously have a shot at becoming wealthier than before. Those who attempt to carry out the same lifestyle will fall behind.…
Preparing for a Recession #1: Improving Your Skillsets
Let me set the stage. In 2024, interest rates are high because inflation has ravaged the American economy. Businesses have cut jobs at record numbers because the price to finance and maintain debt has skyrocketed. The average person is dealing with a home insurance crisis, inflated property taxes, elevated rents, and high gas prices. To…
The Illusion of Freedom: The True Three Paths are Military, College, or Trade School
During my entire 24-year career in the United States Marine Corps, people questioned how I could give up my freedom and liberties. They said it’s better to be able to quit their job whenever they like, travel where they want, or do as many drugs as they deem necessary. For 24 years, I kept my…
Financial Freedom: The True American Dream
Nobody wants to work—or, better stated, nobody wants to be forced to work. We would all love to be “work-optional.” To become work-optional, you must first become financially free. Becoming financially independent isn’t as tough as people think; however, the media does an excellent job of making it seem out of reach. Ultimately, your version…
Don’t Be ALICE: Asset Limited, Income Constrained, But Employed
We need jobs for one reason: to buy assets. Somewhere along the way, we started using jobs to pay bills. That’s how we got on the never-ending hamster wheel. They have a new term for this phenomenon—the working class. This means you will always work, grind, and still barely survive. I’m no longer part of…
5 Takeaways from “The Myth of Making It”
“The Myth of Making It” by Samthi Mukhopadhyay is a hands-on account of what it takes to make it in corporate America. I was drawn to the book because I spent 24 years in the Marine Corps trying to “make it.” Becoming successful in America is challenging for everyone, especially if you become a manager…
BCRE: Become Capitalist Retire Early
Do you really want to work until you are 65? At some point in my working life, I thought I would have a 30-year military career followed by 20 years in the civilian workforce. And then I changed my mind. In 2021, I wrote “No Freaking Way I Am Working Another 25 Years.” That was…
The Sacrifice of Retirement: It Won’t Come Easily But Is Possible
When did we start believing that retirement would come easily? Why do we think someone would pay us for our most unproductive years? The concept of retiring is a reasonably new idea. People who owned farms and businesses usually worked until they died. When social security became an entitlement, the government believed people would only…
Count Every Penny: Budgeting Your Way to Financial Independence
Why is it so difficult for us to budget and save? Why do we use scapegoats like inflation, price increases, and wage stagnation to deflect? The simple fact is that we must count every penny that enters and leaves our homes. That’s the only way we will build wealth and retire early. But somewhere along…
The 40-40-40 Plan vs. Happy Cash Flow Retirement
They told us that if we worked hard, were smart with our money, and planned well, we would have a great, exciting retirement. How is that working out for you? The 40-40-40 plan involves working 40 hours a week for 40 years and receiving 40% of your income during retirement. That was the plan they…
Find Happiness Inside of a Budget
I learned many things during middle and high school. However, one thing that I don’t remember learning is budgeting. Budgeting is perhaps the most essential element of building wealth, so why don’t “they” want us to learn how to do it? It’s simply that they want us to spend our money frivolously and without regard…
