Category: Retirement Planning
Become Middle-Class PLUS: Insert Growth Multipliers into Your Life
Most people fear becoming rich. Somewhere along the lines, they adopted a belief that rich people are bad; therefore, they avoid the path to wealth. However, it’s still not wrong to make a little more money. The problem is that most people cannot fathom earning income outside of a 9-5 job. Most times, people’s jobs…
Inflation Ate My Paycheck 112: Inflation for Longer
Now is a great time to be alive, although it may not seem this way. America and most countries are experiencing high inflationary pressures from all sources. However, you have all the tools at your disposal to combat inflation and continue to grow your net worth. Welcome back to the Inflation Ate My Paycheck Series…
Leaving the Workforce in 10 Years: For Families
How can you possibly exit the workforce with an entire family in tow? Well, it’s more than possible if you put your mind to it and commit as a family. I should know because my family is leaving the workforce this year. My wife (39) has already stopped working, and I will retire (42) in…
Start Your Season of Saving: Let’s Save $100,000
Do you believe that $100,000 is a lot of money? Can you envision you would ever have this amount of money in your high-yield savings account? If you think this is a lot of money, that is your first limiting belief. If you do not believe you can save $100,000, that is your second limiting…
Leaving the Workforce in 10 Years: For Couples
In a fantasy world, two people working together should quickly free themselves from the workforce. In reality, we all have major money issues and traumas that prevent us from seeing clearly. Thus, freeing ourselves is extremely challenging, and doing it as a couple is almost impossible. There is hope. However, there is hope. As long…
Leaving the Workforce in 10 Years: For Singles
The great part about being single is that you single-handedly control your destiny. The bad part is that you are all alone. However, you can easily free yourself from the workforce when you are single. All you have to do is start from the end. Dreaming up your retirement. Most people dream of retiring in…
Your Income Should Increase Every Year 2
Life is expensive. This is a difficult concept for most people to understand. To stay ahead in the world, you must keep increasing your income annually. The good part is that your assets can do most of the work for you. The bad part is you’ll need to acquire your assets first. I wrote part…
Become Debt-Free and Stress-Free
We all live with varying levels of stress. Most of it comes from financial hardship or being in debt. Being in debt is not fun at all. You constantly worry about an emergency that can shatter the life you worked hard to build. But, it is possible to get out of debt. I did it,…
Balanced Books: Living By a Harcore Budget is Empowering
When you level up your budgeting game, you will instantly see the results in your confidence and bank accounts. Most people do not live on a budget at all. They simply funnel their money into their direct deposit account and try to have one dollar left at the end of the month. If you take…
The Most Challenging Part of Passive Income: Enjoying it
They teach you to work. They teach you to struggle. However, they don’t teach you to enjoy life. Once you get your relationships and finances on track, your worldview changes. The average person believes that you go to work and spend your paycheck. Because work makes you sad, you spend even more than you need—shopping…
The 30-Day $1,000 Emergency Fund Challenge
I remember not having a $1,000 emergency fund to my name. Those were not fun times, especially as a person with a family. However, over the years, I started to get my act together. I began to budget my money and consume less; now, I have $300,000 in liquid assets. Start with $1,000 first. The…
New Car Payments vs. Income Investing
Do you own a paid-off car? Congratulations, you are on your way toward financial freedom. Or are you? Chances are you are considering buying a new car because they look so dang sexy right now. You may as well get a brand-new vehicle with safety features and better gas mileage, right? That new car smell.…
The 401K Lie: Saving 10% is a Fool’s Errand
Have you ever been flush with cash? Have you ever received random amounts of money that you truly do not need (or want) to spend? Well, this is my life every day as an income investor. I invest for dividends that help me fund my lifestyle today (in my 40s) and tomorrow (in my 70s).…
5 Takeaways from “Living on Almost Nothing”
“Living on Almost Nothing” by Amber Storck is a book about living “beyond” what you would consider frugal. However, her advice is necessary in today’s economy and world climate. The author starts by giving us her work history and how she bought a home in Arizona in cash. Next, she details how she saves money…
How to Create, Buy, And Build Assets: Start the Journey to Set Yourself Free
My favorite author Robert Kiyosaki says it best, “An asset puts money in your pocket, and a liability takes money from you.” Understanding this simple truth has allowed me to become debt free and financially independent over the last four years. I simply focus my efforts on obtaining assets and not accumulating liabilities. Collecting assets…
Why You Need Passive Income!
I woke up yesterday to find some emails containing passive income in my Gmail inbox. I received $97 from Fundrise, $22 from Direct2Digital (books), and $60 in dividends. There is nothing like receiving money you don’t need. To earn passive income, you do the work once (invest or write) and continually reap the rewards. Why…
Saving & Investing with $500 per Month
If you can save and invest $500 per month, you are in the elite class of America. Sadly, I am being completely serious. Most Americans cannot save $500 over the course of a year or even a decade. America is a tough place to save because everything costs. If you own a home or have…
Are You Drowning in Debt? Try Building a Relationship with Money
Our parents and teachers train us to be good employees. Unfortunately, this mindset leads to terrible interactions with money. The first step to getting out of debt is understanding the language of money and then learning how we should spend it. The root cause of debt. We live in a consumption-based, spend-first society. However, that…
So Your Kid Wants to be a Doctor? Here’s How You Can Help
Parents, you will not like this article. I have been tough on parents over the last three years, and today the tradition continues. Don’t worry; I am a parent of two kids, 16 and 12. We all want the best for our children, but most people forget to do the most crucial thing—learn. Fixed versus…
Retirement Planning for the Average Person 5
Sometimes we must admit when we are wrong. I find myself in this position today—humbled. There was one core truth I believed, but it has changed recently. I believed you could stay in the workforce long enough to create a truly passive income retirement. For example, you could work until you earned $5,000/month in dividends.…
