Tag: 2
Dividend ETFs vs. Asset Managers: The Best Place for High Growth and High Yield
We love to do things ourselves. However, sometimes, it is best to leave things to the professionals. Picking individual stocks can be challenging, especially when considering an unknown future. Luckily, we can access professionals by purchasing shares of dividend ETFs and asset managers. Both products offer high growth and high yields; however, they are unique.…
Stock Market Investing in Your 50s: It’s Time to Take Control of Our Finances
Our 50s allow us to finalize any loose ends as we prepare for retirement. Although there will be many bumps along the way, income will enable us to live our dream retirement. We wrestle the horns of the bull during our 50s. This decade is a “Do or Die” time for our finances. We must…
Art Edition- The Biggest Book on Passive Income Ever 4!
INTRODUCTION 00 000 The Biggest Book on Passive Income 4 FINANCIAL MINDSET 01 001 Are We Living in Fast Forward? Things Have Changed Since 2020 01 002 Being Mediocre is Not Okay 01 003 Building Generational Wealth: Via Dividends 01 004 Building Generational Wealth: Via Real Estate 01 005 Create Money, Spend Money, Grow Money:…
Web Edition- The Biggest Book on Passive Income Ever 4!
INTRODUCTION 00 000 The Biggest Book on Passive Income 4 FINANCIAL MINDSET 01 001 Are We Living in Fast Forward? Things Have Changed Since 2020 01 002 Being Mediocre is Not Okay 01 003 Building Generational Wealth: Via Dividends 01 004 Building Generational Wealth: Via Real Estate 01 005 Create Money, Spend Money, Grow Money:…
What is Your Entertainment Budget? Use the Extra Money to Start Options Trading
Everyone loves to spend money on their favorite entertainment vices. Some of us love to go to concerts, while others love to watch pay-per-view boxing matches. No matter your particular entertainment vice, it must fall into an entertainment budget. Sadly, budgeting is not everyone’s cup of tea. Today, I will make the case for why…
Retirement Plus: Supplement Your Retirement with Dividends
Nobody teaches us how to retire. Few people can think about life in their 60s while dealing with life in their 20s. Therefore, to facilitate a healthy, wealthy retirement, we must prepare for it. The best retirement system for the working class was the pension system. However, gone are the days of corporations and governments…
Using Leverage with Options Trading: Wise, Prize, or Snake Eyes?
You don’t need to use leverage (also known as margin) to trade options, but what would be the point of trading options? Leverage is a double-edged sword: mighty in good times, disastrous in bad times. So, how do you decide when to use leverage and how much to use? The key to using leverage is…
Stocks, Bonds, & Options in Your 70s: Taking Care of Everyone Else
Let me be 100% honest; we should have money pouring out of our eyeballs in our 70s. By leveraging the power of compounding early in life, we ensure our 70s are plentiful. For example, let’s say my $340,000 portfolio compounded at 10% annually while I added $1,000 per month. In 27 years (I’m 43), I…
Overcoming Your Limiting Beliefs #1: Dividend Investing
Fear can motivate you to do extraordinary things. For me, the fear of being broke motivated me to invest in the stock market. Many times, our fears come from limiting beliefs—thoughts that form through a series of experiences, concepts, and feelings. For example, if everyone around you is poor, you may form a limiting belief…
Selling Covered Calls vs. Trading Long Strangles: What Are Your Passive Income Goals?
Why do people decide to trade options? It can be a very dangerous and risky proposition for most traders, so why all of the love? Options trading can be a lucrative wealth generator if you take the time to learn the ropes and create a system that works for you. “The Options Playbook” discusses over…
Build Wealth Slowly 2: Make Sound Financial Decisions Over a Long Time
What’s the rush? Why does everyone want to become rich overnight? Americans seem to have a love affair with the dream of becoming a millionaire in their 20s. But the truth is we can do so much better if we build wealth slowly. By creating a wealthy lifestyle from the ground up, we ensure our…
Options Trading in Your 70s: Avoiding the Stock Market At All Costs
We should all be winding down in our 70s. We want to enjoy our days and love our nights, but we don’t want a lot of stress from the financial markets. If you have all of your finances squared away in your 60s, then your 70s and 80s will just be a continuation of those…
Tobacco Stocks vs. Mortgage REITs: Who is the High-Yield King?
I love my tobacco stocks! Some people don’t invest in “sin” stocks like tobacco, casinos, and cannabis companies. I can separate my personal values from my investing references. To each their own. I also love investing in Mortgage Real Estate Investment Trusts (mREITs). These companies pay high yields but are extremely sensitive to interest rates.…
Options Trading in Your 20s: Build Wealth at 30% Annual Returns
Most of us don’t have a lot of money in our 20s. In fact, we spend our 20s trying to have fun on a budget. If you can devote just a tiny portion of your 20s to income generation, you can exploit the power of compounding at an early age. But what is the best…
$5,000 Dividend Shopping Spree!
Isn’t it fun to go shopping with money someone else gives you? I remember my parents giving us $100 in 1991 to shop for the school year. We had to purchase our jeans (Wranglers), T-shirts, socks, and underwear (whitie-tighties). We had so much fun during those times. Those days were over once I turned 16…
Find Happiness Inside of a Budget
I learned many things during middle and high school. However, one thing that I don’t remember learning is budgeting. Budgeting is perhaps the most essential element of building wealth, so why don’t “they” want us to learn how to do it? It’s simply that they want us to spend our money frivolously and without regard…
High Yield Savings vs. Certificates of Deposit vs. Treasury Bills vs. Money Market Funds
Every dollar that flows into your household should serve a purpose, even if its primary goal is sometimes to sit in an account until you need it. As we become more financially sophisticated, we find ourselves using multiple types of accounts to ensure we are good stewards of our resources. Each account type serves a…
Should Multiple Families Live Together? Only If They Want To Become Wealthy
America will become a renter nation. We will own nothing and be privileged to be in that position. We will have no other options. I read a quote by Grant Cardone stating that we should expect 100-year home mortgages before the next century. And he is absolutely correct. In the meantime, 40-year mortgages will become…
The Options Trading Debit Card: Create the Best Weekends of Your Life
I have been going on and on about my Dividend Debit Card (Part #1, Part #2, Part #3) over the last three years. It is incredible to receive dividends directly to my Cash App spending card. This month (November 2023), I am on track to receive $400 in dividends directly to my Dividend Debit Card.…
The Pros & Cons of Homeownership #3: Inflation Protection
My generation (40s) didn’t honestly know about inflation a few years ago because we had never felt it. However, 2022 changed that for all of us. Suddenly, food, gas, and housing costs rose faster than our wages. Those who had locked in 2-3% mortgages on lower-priced homes were sitting pretty. Those in the market who…
