Category: Retirement Planning
Remote Worker: Beware of a Pay Trap
It was too good to be true. The idea that someone could be hired in San Fransico, accept the job, and then move to Iowa. A technique like this could generate a lot of wealth. You essentially would be receiving top pay from San Francisco and living in a low cost of living area. It’s…
My Retirement 4-50 Update #5
My retirement 4-50 plan is our goal to be work-optional by age 50. It consists of 4 retirement income blocks. Retirement 4-50 is based on cash flow. My goal is to have a total of $6,000 a month cash flowing from each block (total $24,000). The blocks are retirement income, investment income, rental income, and…
Cash Flow 103: Choose Your Wealth Generator
Now it is time to make serious money! Do I have your attention? In Cash Flow 101, we talked about how much your dream retirement would cost. In Cash Flow 102, we talked about creating passive income from four pillars- retirement income, investment income, business income, and rental income. In Cash Flow 103, we are…
Cash Flow 102: Creating Passive Income for Retirement
Creating passive income is the reason why my website and books exist. Consider this article a way to get back to our roots and boost our motivation for ensuring we have the best retirement we can build through hard work, education, and planning. The strategy I use for retirement planning is my plan called Retirement…
Cash Flow 101: How Much do You Need For Your Dream Retirement?
I want to be very clear; we aim for the most significant number we can dream of. Most people do the exact opposite of this. They retire and see how much money they have coming in; they tailor their lifestyle to fit inside this amount’s confines. Your lifestyle, when living within a small retirement, is…
Taxes 103: Real Estate for the Win!!
I recently said, “Use Real Estate as Your Wealth Generator,” because I firmly believe real estate is the average person’s path to wealth. And to add even more fuel to this fire, there are substantial tax implications to using real estate. Before we go further, please read Taxes 101 and Taxes 102. These will give…
5 Takeaways from “Dirt Rich” (farm)
“Dirt Rich” by Leigh Funderburk is exactly the book I have been looking for. Kris and I own 2 separate properties that each have 3 acres of land. When I retire from the military, I want to exploit this land to construct some sort of venue or area where we can start a business. I…
Is Saving Money Bad?
It’s not about how much money you make, it’s about how much money you save. We have all heard this before, right? But is saving money such a good thing? There are millions of people who swear by their savings accounts. People love their bank accounts because they are safe. But, are savings accounts safe…
Taxes 102: The Business Mindset
In Taxes 101 we talked about the three types of income. Now it is time to put ourselves in an even better financial situation. I want to briefly speak on the differences between an average individual and a business. Indeed, only people with the utmost financial education can leverage a business to the fullest extent.…
How Would Your Life Look Without a Paycheck?
How would your life look without a paycheck? This is a question that we should be asking ourselves every day. But Josh, why should we be asking ourselves this every day? This will help us identify all of our residual and passive income. Remember, the goal of financial independence is to completely live off the…
Pay Off Debt or Start Investing?
What is the scariest movie that you have ever watched? Mine was the Grudge (2004). I ask this because I am about to ask you to do something that is even scarier than watching the movie you picked. And that is… to write down all your debt. Yikes. Before we get into the details, like…
My Retirement 4-50 Update #4
My retirement 4-50 plan is our goal to be work-optional by age 50. It consists of 4 retirement income blocks. Retirement 4-50 is based on cash flow. My goal is to have a total of $6,000 a month cash flowing from each block (total $24,000). The blocks are retirement income, investment income, rental income, and…
Taxes 101: Understand the 3 Types of Income
Uncle Sam wants his cut. Part of being a functioning member of society is paying our tax bills. Taxes are very important to the operation of a successful nation. That being said, we still want to ensure we legally pay the least amount of taxes that are required. Lowering our tax bills will require financial…
How We Built 13 Streams of Income
Relying solely on earned income is risky. In layman’s terms; living solely off the money from your job can be dangerous. It is risky because one stream of income can dry up very quickly, especially in a recession or downturn. During a recession, companies start to lose profits. Because of these losses, the companies will…
Is Doing 20+ Years in the Military Right for You?
Let me start by saying this: I believe every able-bodied young person in American should serve at least 4 years in the US Military. The tangibles and intangibles of serving will provide a solid foundation and will last a lifetime. Some of the tangibles are learning a skill, travel, and getting access to both the…
My Retirement 4-50 Update #3
My retirement 4-50 plan is our goal to be work-optional by age 50. It consists of 4 retirement income blocks. Retirement 4-50 is based on cash flow. My goal is to have a total of $6,000 a month cash flowing from each block (total $24,000). The blocks are retirement income, investment income, rental income, and…
5 Takeaways from “The Passive Income Myth”
“The Passive Income Myth”, by Joseph Hogue, is my favorite pick for people who want to begin their passive income journeys. The book talks about 4 different passive income strategies, all strategies that I consistently preach about. In fact, if I were going to write a book about passive income strategies, this is the book…
Passive Income Ideas: $7,027 from $1,000
Wow! $7,027 from $1,000. That is a cool 700% return. Is it really possible? Of course it is. And you can have everything up and running by next weekend. The caveat is….you are not going to like what it entails. But you are not here to be comfortable, you are here to become rich! I…
Scenario #1: $8,000 a month Cash Flow Retirement
Scenario time. Brian is a 35 year old IT professional. He wants to retire 20 years from this date, which would make him 55 years old. He has enough savings for a downpayment on a house and nothing else. His job pays him $60,000 a year and he would like to retire with $8,000 a…
20 Books That Will Make You Rich
Check out part 2 of the Series Disclaimer: Reading in of itself will not make you rich. However, reading and creating actionable tasks WILL make you rich. I wanted to keep this page as simple as possible. I have attached my personal review of each of these books. These books together have helped me gain…
