Category: Retirement Planning
Start Your Debt Payoff Journey: Defeat Toxic Consumerism
Whenever I need to go to one of my checking accounts, I happily double-click my bookmarks to bring it up. The keyword here is happily. But, I wasn’t always in a good mood to jump through my bank accounts. You see, I was in debt for over ten years—to the tune of -$77,000 (book). When…
The Succeeding in Reading: 54 Takeaways from 54 Books
We just discussed why reading is vital to building wealth in the article “The Succeeding in Reading.” Now let’s look at the 54 books I have completed in the last ten months. “10 Other Real Estate Investments You Can Make” There are many ways to profit with real estate, outside of owning rental homes. “40…
Retirement Planning for the Average Person
Please download the 40-page supplement pdf to this article to share with family and friends. Being average gets a bad reputation from most people because it means that someone is better than you. However, being an average person can lead to some remarkable results, especially when it comes to retirement. You see, once an average…
Active Service, Passive Income
I think most of us joined the military for action and adventure. We heard that we could travel to all sorts of remote countries and exciting locales. And, after 22 years, I can say that I have traveled to my hearts’ content. But, how many of us joined for the chance to be a Passive…
Inflation vs. Passive Income
How can we beat inflation? Well, I guess if we can keep making more and more money, then we have a chance to outpace inflation. How do we keep making more and more money? Therein lies the rub. Our jobs are not going to keep increasing our pay to keep up with inflation. We may…
The Magic of a Roth IRA
I will be the first to admit that I was never a fan of Roth IRAs or traditional IRAs, for that matter. I never understood why you would spend all these years building something up, only to dismantle it during retirement. I do have a Roth IRA, but I have been investing into it sparingly.…
The Biggest Book on Passive Income Ever
The Biggest Book Ever of Passive Income includes 310+ Chapters, 1,000+ Pages, 350,000+ Words! And did I mention that each chapter has its own individually crafted chapter artwork? This should keep you motivated to reach the end. If you can finish this book, your outlook on life will be vastly different. Good Luck on your…
The Magic of a Military Pension
It’s funny. I have been in the US Marine Corps for over 22 years, yet I rarely write about my experiences. Maybe after so many years, it is easier to focus on new shiny objects, like passive income from rents, royalties, and dividends. However, that means that I forget to talk about the mother of…
Don’t Gamble Your Retirement Away 3
Here we are again, talking about my favorite topic, retirement. I always have some form of retirement thought process flowing through my mind. There is so much to prepare for, but the main thing that crosses my mind is money. This is the third in the Don’t Gamble Your Retirement Away series (part I, part…
The Magic of Passive Income: Your Money Works for You
We all should dream of someday being financially free from the confines of the workplace. We may dream of a beach, island, or lake—no matter, it’s definitely not an office cubicle. But how do we get there? Is saving our money in a 401k going to get us to a lifetime of financial freedom? How…
The Golden Handcuffs of Lifestyle Inflation
Being rich is a fantastic feeling and an underrated experience. I never thought I would go into a department store and buy almost anything I want—with cash. Here is my favorite quote on what being wealthy is. Wealth is having excess income vs. expenses. Simple enough. So it is not necessarily the amount of money…
I Live Paycheck to Paycheck 2….So I Created a New Income Stream
Living paycheck to paycheck is not fun. Nothing about running out of money during the middle of the month is gratifying. It also is not a time where you can think ahead for the long term. When you live paycheck to paycheck, you are usually trying your hardest to get your life under control. People…
Retire Early as a Well-Rounded Millionaire
On my path to becoming a millionaire, I have been learning a lot about what the concept of being a millionaire means. Honestly, anyone can become a millionaire—there is nothing inherently special about achieving this milestone. But, yet there is something extraordinary about reaching a million dollars. I define a millionaire as someone having $1…
How Much Do You Need for Retirement? Part I: Introduction
How much money do you need to retire comfortably? In typical American retirement language, they would give you some random lump sum amount of cash that you would need. Usually, they take 70% of your current income and multiply it by 25. For example, if I make $100,000/year, I would (by their standards) want to…
Cash Flow 105: Diversify Your Passive Income
“Variety is the spice of life,” or so they say. And why getting rich to be any different. Currently, the crypto market is down, the stock market is flat, the rental market is up, and my royalties are doing very well. So which one do I have to focus on to be successful in today’s…
Retirement Planning at Any Age
Why is planning for retirement important at every age? Because you cannot move forward until you know where you are going. When you get in a car and have never been to the destination, what do you do? You enter the address into Google Maps and ensure you have a path before you get started.…
Planning for Retirement in Your 70s
Our 70s can either be a nightmare or some of the best years of our lives. If we have been doing it right, we have more than enough money to last our lifetimes and our children’s lifetimes as well. As the book “Who’s Stole My Pension” states, we are now 100% in charge of building…
Planning for Retirement in Your 60s
Ah, our 60s are upon us, and times have never been better. In America, most workers focus on their 60s to retire, concentrate on themselves, and live the good life. I am built differently. If you have read my previous articles in the series (20s, 30s, 40s, 50s), you will know that in our 40s,…
Planning for Retirement In Your 50s
In our 50s, we should be beginning our descent into a slower life. However, I do not mean a life of less money. No, the goal is to have even more money. That’s why it is called passive income because we do the work upfront. Hopefully, we have been doing the work upfront in our…
Planning for Retirement in Your 40s
Hopefully, we will come into our 40s with an excellent financial game plan. If done correctly, we should already be debt-free and have cash flow going into investments. But let’s rewind and talk about how the 40s fit into our overall lifetimes. I am roughly four months into my 40s, and I feel great. I…
