Tag: financial education
Income to the Moon: Income Investing Your Way To Retirement
Saving for retirement is boring. Somehow, at age 25, you are supposed to prioritize your retirement planning over buying a flashy car. This rarely works in reality because it’s a tough pill to swallow. However, there is a different way, but it will take a complete shift in mindset. What if I told you that…
Inflation Ate My Paycheck 111: Ride the Recession with a High-Yield Savings Account
Interest rates are moving upwards, and they can affect us positively and negatively. As safe securities like treasury bonds and Series “I” Bonds increase their yields, prices for risk assets (like stocks and crypto) can decrease. That’s why it’s good to have exposure to many types of asset classes (real estate, bonds, stocks, cryptos, automated…
The Biggest Book on Passive Income Ever 3!
What is the point of working hard to build passive income? Couldn’t we achieve the same results by getting a high-paying job? Yes and no. Money is money, no matter how it arrives in your account—this is true. But the magic of passive income is you can do whatever you want as it grows inside…
Don’t Gamble with Retirement 9
It’s always exciting when I add to the “Don’t Gamble with Retirement” series. It is one of my longest-running series, and I love documenting as the world changes. I wrote the first article in a series in February 2021, when we were in a raging bull market. Today, the stock market is in the opposite…
LBYM: Live Below Your Means and Increase Your Savings Rate
“Living below your means” gets a bad reputation. People hear these words and assume you need to eat grits, make honey sandwiches, and recycle toilet paper. But that’s not the case at all. Living below your means simply means creating cash flow through your household. It also means that you do not subscribe to the…
Santa’s Bringing Dividend Growth Stocks
As we wrap up the Year of 2022, it’s time to reflect on our lives. We thank the heavens for having a loving family and friends that support us in our endeavors. We can also thank the “powers that be” for giving us the gift of income. Our dividends have grown tremendously throughout the year…
Build a $1,000 Emergency Fund in 10 Steps
Saving money is a process that most of us need help understanding. If you want to save a large amount of money, your system will need to operate like clockwork. You’ll need to visualize your money before you can save consistently. You can see your money best by using spreadsheets and following a budget. You…
New Year’s Passive Income Resolution 2023
What a fantastic year we had in 2022. Yes, the stock market crashed, but things still lined up in our favor. That is the magic of passive income—it helps protect you from downturns. I started the year bullish on cryptocurrencies and still feel the same. They will be a significant part of our transition to…
Will Being Cheap Make You Rich?
Most of us grow up with a sense of happiness about our surroundings. We don’t understand how rich or poor our family is, nor do we care. We enjoy playing with our friends, eating with our family, and not having many responsibilities—we call this childhood. We can live like this for 10-12 years until we…
5 Takeaways from “The Dividend Mantra Way”
“The Dividend Mantra Way” by Jason Fieber targets the FIRE movement crowd. FIRE stands for Financial Independence Retire Early. However, dividend investing is a much different investment style than most FIRE movement people choose. Most FIRE people use passive investing via index funds to save for retirement. Once they hit a target amount, they attempt…
Long-Form Content is the Future
The world wants to cram as much content into our brains as possible. People complained about tv ads, and now they watch 30-second clips on Tik Tok. When traveling one day, I watched someone scroll through Tik Tok for over an hour straight. What kind of value did this person obtain from this hour? Long-form…
YouTubing vs. Your Job: How Do You Like Your Grind?
We live in an exciting time where the average person has more financial choices than ever. You no longer have to work a 9-5 job to succeed in this world. Many kids and young adults dream of being YouTubers; however, it’s an illusion. Becoming a successful YouTuber requires more upfront work than most jobs on…
The Magic of 3: High Yield Savings Accounts Hit 3% Interest Rates
It’s been nearly 15 years since your savings account earned a decent interest—what a time to be a saver. Yes, inflation is over 8%, but we can find ways to beat that. The important thing is that high-yield savings accounts hit 3% interest rates. If you are risk averse—now is the perfect time to put…
Make Your Primary Residence Your Retirement Plan
What is your plan for retirement? How do you plan to replace at least 100% of your employment income with annual increases for inflation? For most Americans, this is a tough question to answer. It seems impossible to make more money without working than they made while employed. If you own a home, you have…
Overcoming Depression through Progression
The “hot” new therapy seems to focus on healing the past. The idea is that if you can discover and isolate your trauma, you’ll be able to move forward. I am no clinical doctor, but I have a different approach. While it is vital to isolate your trauma, it is more important to focus on…
Mortgage-Backed Securities vs. Treasury Bonds: An Introduction to Mortgage REITs
As an income investor, some of the highest-yielding products you can buy are mortgage real estate investment trusts (mREITs). As a trader, some of the most dangerous products you can buy are mREITS. Indeed, you must be extremely careful when purchasing mREITs because their price (not value) can fluctuate wildly on the stock market. To…
Retirement Planning with Index Funds
Index funds are a fantastic tool to leverage the stock market’s growth. They are as close to a “set it and forget it” investment plan as possible. However, there is one thing I want you to take away from this article; index fund investing is not enough for a worry-free retirement. To have a great…
To Become Rich, You’ll Need Leverage
Getting rich in one lifetime is nearly impossible—yet this is the path our parents taught us as children. Here is the plan in a nutshell: Please tell me if I am missing something. The problem with this typical scenario is that at no point did you exert any leverage. 40-Year Interest-Only Mortgage In fact, when…
Take The Difficult Path: The Only Way to Reach Happiness is through Tough Decisions
I once heard the quote, “You can measure your success by the number of tough conversations you have.” How many times have you had to have a tough conversation with yourself, your spouse, your kids, your parents, or your co-workers? Most people avoid tough conversations and don’t have much success or happiness. The path to…
Bond Investing in Your 50s
Hopefully, we will figure out our financial path during our 20s, 30s, and 40s to focus on our family in our 50s. That’s right; time to build passive income for our children through bond investing. Can you imagine if you had $20,000, $30,000, or even $50,000 of Series “I” bonds waiting for you by age…
