Category: Retirement Planning
20 (more) Books That Will Make You Rich
Read 20 Books That Will Make You Rich part 1 (This is Part 2) 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…
My Retirement 4-50 Update #6
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…
Happy Cash Flow Retirement
What an exciting title- to a fantastic proposition. A cash flow retirement is entirely different from what mainstream media would like us to have. Conventional wisdom would have us save an arbitrary amount of money, say $1 million, and then live off this money by withdrawing cash. In this scenario, you SAVE $1 million by…
Military Success 102: Mental Fitness
Read My Books for Free: Free Kindle Books Schedule In Military Success 101, we learned how vital it was to stay in top physical shape for a long, successful career. Equally important, if not more so, is to stay in top mental shape. Keeping your mind in the game will take training because there will…
Military Success 101: Physical Fitness
Introduction. The military has been good to me, and it might be a great starting point for you as well. I started my military career, and I went over 20 years- it was my wealth generator. However, the military is not for everyone as there are plenty of reasons that can make it difficult. Before…
Use the Military as Your Wealth Generator
I have talked a lot recently about wealth generators. It started with “Use Real Estate as Your Wealth Generator” and then “Cash Flow 103: Choose Your Wealth Generator.” As I reflect on why I am still in the military after 22 years, I realized that the Marine Corps was my wealth generator. Also, check out…
The Invisible Budget
Dang! Where did all my money go? Have you ever wondered this before? I call this the phenomenon of the invisible budget. Today, I will review the invisible budget and how to lessen its effect on your lifestyle. That’s right; you will not be able to defeat it. The invisible budget is also called “the…
Cash Flow 104: Create Your Long-Term Strategy
Throughout the Cash Flow Series (101, 102, 103), we have explored how to turn our dream retirement into a cash flow reality. Now, it is time to take our first real steps into creating and starting our plan. It is through these small steps that we will walk along the path of financial freedom. The…
Scenario 2: $30,000/month Cash Flow Retirement
Wow, it’s been almost three months since my last cash flow retirement article. I have probably written 200 articles since then- time flies when you are writing. For this installment, we are going for big money, over $30,000 a month. Back Story. Alex and Claire have been married for over 25 years. They are retiring…
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…
