Category: Retirement Planning
Happy Cash Flow Retirement 6
Welcome back to one of my longest-running and favorite series on my channel. I love the Happy Cash Flow Retirement series (part one, part two) because we can dream of our exciting and stress-free futures. A quick administrative note: this is article number three, but book number six. I pushed the article name to six…
Budget vs. Fixed Income
I will always live on a budget, but I never want to live on a fixed income. Today, my goal is to explain this statement so you understand the difference between the two—and make a choice. Budgeting. Budgeting is the key to creating, protecting, and increasing your income. If you want to be rich, you…
Saving vs. Investing
There are tons of ways to get rich: you can work at McDonald’s, be a manager at McDonald’s, own McDonald’s stock, sell covered calls using McDonald’s stock, or own a McDonald’s franchise. All of these paths can lead to wealth and happiness, but they will each take a different understanding of the principles of wealth.…
The Magic of Saving
Saving and Investing feature two vastly different mindsets. I will look at these financial mindsets individually and then compare them. My goal is to present you with an argument to see where you fall on the scale. Knowing your tendencies is the best way to make yourself financially secure. What is Saving? My personal definition…
5 Takeaways from “Debt-Free Degree”
“Debt-Free Degree” by Anthony ONeal guides parents on how their children can earn a college degree entirely without acquiring debt. Graduating debt-free will give students a headstart above 70% of their peers. I was shocked that students could start preparing for college in middle school. Sure enough, there are scholarships and other opportunities that youngsters…
Retirement Planning vs Estate Planning
As we acquire more assets, we need to be more intentional with our actions. The two goals of obtaining assets are to free us from being wage slaves and prevent our children from the same bondage. Yes, using the word slave is harsh, but it’s appropriate. Travel back in time with me. When you left…
Your Retirement Planning Guide 2
It’s your retirement; make it how you want. With that, how do you envision yourself in retirement? Are you with a loved one or family? Where are you located? And, how much money do you have or need? These are all questions you should be asking yourself every day. I have a few housekeeping notes…
Living Overseas Passively 110: Living Overseas on Passive Income
Have you ever dreamed of living on a faraway beach island? You and your loved ones would wake up to bright sunny days and lay on the beach all day long. Does this life seem possible to you? Or does it sound completely out of the realm of reality? If you struggle to understand how…
Living Overseas Passively 109: Cash & Emergency Fund
Now, we have been all over the world on passive income. Previously, we covered financial mindset, retirement income, dividends, rents, royalties, cryptocurrencies, and automated business. There is only one more type of income to discuss—cash. Yep, that’s right. Cash is a form of income, and it is vital to our success while living overseas. You…
4 Years of College vs. 4 Years of Content Creation
I’ll admit that this article could be emotional for some people. Having a college degree is their greatest achievement for many people, and they couldn’t imagine life not having one. They will proudly send their kids off to college all day, every day. I always had a different mindset. I graduated high school with a…
3 Steps to Live Entirely on Passive Income and Retire When You Want
Everybody’s dream should be to have complete freedom of time because that’s when we are at our happiest. Can you imagine traveling anywhere in the world with your friends and loved ones, at any time you all want? Unless you were born with assets that allowed you to make these enormous travel plans, you need…
Dividends vs. Military Retirement
I am not going to lie—this will be a pretty lop-sided competition. However, I will have additional articles on how the losing party can catch up or beat the victor. Welcome to part one of Dividends vs. Military Retirement. Off the top of your head, which of the two sides do you think will win?…
5 Takeaways from “Get Your Ducks in a Row”
“Get Your Ducks in a Row” by Harry S Margolis is an enormous book on estate planning. I knew it would be a challenging book to read because of the subject matter, but it proved to be an exciting read. The book was engaging because I learned much more than I thought. Estate planning covers…
Living Overseas Passively 108: Automated Business
I don’t think most people want to run a huge business when they retire overseas. It would be crazy to think about meetings and conference calls while you enjoy the weather in Bali. But, that doesn’t mean we can’t own a business while living overseas—we need only delegate our responsibilities. Welcome back to the Living…
5 Steps to (Financially) Running a Household
Today I want to lay out everything I know about running a household. I will focus on the finance aspect of household operations, as my lovely wife Kristina runs the personnel side of the house. So, what are my qualifications to speak about running a household? My wife and I have been married for 15…
Net Worth vs. Passive Income
Everyone is fascinated by someone’s net worth because most people use it to define wealth. Net worth is simple to determine, but it’s hard to figure out its value. Saying you are worth a certain amount of money doesn’t mean you are necessarily rich. Net worth is a by-product of static wealth. Passive income is…
Your Income Should Increase Every Year
Being an employee has many perks, like not worrying about anyone other than yourself. People become used to life as an employee, often choosing this over starting a business or creating content. But three things being an employee strips you off: freedom of time, money, and location. Today, I will talk specifically about freedom of…
HOW to Use Credit Cards
I just finished an article where I asked you NOT to use credit cards unless you were debt-free and had multiple income streams. Today, I present the counterargument to using credit cards. Please read “When NOT to Use Credit Cards” first. Credit cards can be a boon to your financial success if used properly. They…
When NOT to Use Credit Cards
Credit cards can actually be of great use in our wealth-building journey; if we use them correctly. However, before we can effectively use credit cards, we need to establish control of our finances and create passive income. Typical use of credit cards. In America, the common use of credit cards is buying liabilities that we…
Merry Debt-Free Christmas
How’s your holiday season going? Hopefully well. How about your finances? Again, hopefully well. If you are already debt-free, then I have some guidance for you on that front. If you are eager to reach that zero balance, this is the article for you. It’s hard to fully appreciate the finer things in life when…
