Category: Retirement Planning
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…
Living Overseas Passively 107: Cryptocurrencies
Retiring overseas on cryptocurrency income will be very interesting because crypto has only been around for 10-12 years. We have no idea how crypto will fare over the next 20 years, so all we can do is hazard a guess. If I had to guess, crypto would be even stronger tomorrow than it is today.…
Inflation vs. Passive Income 2: 5 Steps to Beat Inflation
Inflation is upon us. We are entering an inflationary time that the US hasn’t seen since the 1970s. We need to understand what inflation is and how we can combat it with sources of passive income. Luckily, I have been writing about inflation for the last 6-8 months, so I have some prior works you…
The Average Millionaire has 7 Streams of Income
The average millionaire has seven streams of income—how many do you have? My wife and I will reach $1 million in our dividend portfolio in roughly five more years. However, we are not obsessed with becoming millionaires. You see, we are just following the steps that I laid out in my book “4 Steps to…
Choose Your Passive Income Adventure 2
Life offers us many choices—some are hard, some are easy. Finding the right person to marry is a difficult decision. Deciding what house to buy can be more manageable—trying to determine what passive income stream to build is tricky. We should all know that we need passive income in our lives. There is no other…
How to Create Passive Income 104: For The Average Person
Passive Income is a word that most average people are not familiar with in America and other countries. It’s not our fault because our parents taught us to “work for money.” Indeed, our parents, education system, and society taught us how to become great employees. The problem with being a good employee is we start…
