Tag: financial education
The Options Wheel vs. An Online Business: The Best Way to Make Money From Home
Everyone wants to make money from home. Imagine making $2,000 per month from the safety and security of your cozy house. What’s not to love about the idea of generating revenue without having to get dressed? However, making any type of income from your home is extremely challenging. Since everyone wants to be the next…
Boost Your High-Yield Savings: Decreasing Rates Call For Increasing Innovation
Robert Kiyosaki famously said that savers are losers; I agree with him wholeheartedly. Most people believe that he wants people to be reckless with their money. However, he means quite the opposite. He is saying that depending on the bank to generate your rate of return will always be a failing proposition. For the last…
Kindle Unlimited vs. Draft2Digital: The Best Platform for Passive Income
I started writing to earn passive income. Robert Kiyosaki said that we can create an asset from our mind, and the first thing that came to me was a book. So, here I am today. Over four years of writing, I have learned a lot about different platforms and programs. Two programs I use every…
Writing for Passive Income: Become an Elite Content Creator
So, you want to become a writer? Becoming any type of content creator is challenging and liberating. But what makes writing so great? I became a content creator in June 2020 when I started writing. No invisible walls or gatekeepers prevent you from becoming a writer. To become a writer, you simply must write. I…
Trading Long Strangles vs. Rental Properties: The Best Use of Leverage to Build Wealth
Owning a home has become increasingly difficult. Most people view homeownership as the simplest way to build wealth, but those days may be over. Further, owning multiple properties and becoming landlords allowed people to grow their net worth, increase their passive income, and build generational wealth. However, purchasing a primary residence is challenging enough; how…
Nobody Owes You Anything 2: Build Your Own Financial Success
We have become a “society of entitlement.” We want things for free or that we can receive with little effort. But the true path to financial freedom is treacherous and difficult. To free ourselves, we must not expect anything from anyone. That’s not to say we become independent warriors; we simply take matters into our…
Selling Cash-Secured Puts vs. Book Royalties: The Best Passive Income Strategy for the Average Person
It takes money to make money; this is usually the case. However, there are some things in life that we can create for free. The goal of financial freedom is to collect as many income-producing assets as possible. Most of these assets require capital to obtain. Some income-producing assets are treasury bonds, dividend-paying stocks, rental…
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…
Selling Covered Calls vs. Renting Rooms: The Best Passive Income Strategy for the Average Person
Many people dream of becoming high-flying options traders who can double their money in a month. Sadly, they are more likely to lose their money than double it. Trading options is not for the faint of heart. It requires nerves of still and the ability to detach your emotions from what’s happening. I love trading…
Retiring on Dividends 106: Income Investing (Dividend ETFs)
The world is full of choices, especially regarding dividend-paying stocks. How can the average investor choose from so many great companies? One way to collect a bucket full of companies is to purchase index funds. The S&P 500 Index Fund (SPY) collects 500 of the US’s top companies. However, the yield on SPY is relatively…
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…
Retiring on Dividends 105: Income Investing (Preferred Shares vs. BDCs)
The income products you purchase go a long way toward your happiness during retirement. We feel much better when we make solid purchases at great prices. Today, we will discuss two distinct types of income products that can generate strong cash flow. Using these securities together can help us target safe income streams while giving…
5 Takeaways from “Options Trading: How to Turn Every Friday into Payday Using Weekly Options”
“Options Trading: How to Turn Every Friday into Payday Using Weekly Options” by T.R. Lawrence is a book I wanted to read to solve one of my trading problems. The most challenging part of selling cash-secured puts is determining how low to set your strike price. The last thing you want is to end up…
Options Trading in Your 60s: Retirement Planning Made Easy
You’ve prepared your entire life for this moment. You are retiring from the workforce, drawing your pension, and signing up for social security. This is the point at which most people stop their retirement planning. But I love the concept of living a Happy Cash Flow Retirement. My Happy Cash Flow Retirement system consists of…
Earning $2,100 Per Month in Dividends: It’s All in the Numbers
They say you must become passionate to achieve your goals. Most of us believe that means we should find a career field that matches our dreams. However, that’s a tough call. I was blessed to love being a US Marine for 24 years, but I found something I am even more passionate about than serving…
Trading Long Strangles vs. Money Market Funds
Where we put our emergency fund money says much about who we are. Some people use high-yield savings, and others use treasury bills. Investors are usually more comfortable using money market funds to house their emergency funds. These funds allow us to trade into the action when the stock market gets spicy. The only thing…
The Illusion of Freedom: The True Three Paths are Military, College, or Trade School
During my entire 24-year career in the United States Marine Corps, people questioned how I could give up my freedom and liberties. They said it’s better to be able to quit their job whenever they like, travel where they want, or do as many drugs as they deem necessary. For 24 years, I kept my…
Earning Your First Dollar in Dividend Income: The Hardest Buck You’ll Ever Make
What would you do for a dollar? Most of us get up at five am, shower, shave, drive, and work to earn a few dollars. We have done this for years. In fact, that’s how they taught us to earn a dollar. Once we receive our paycheck, we use the money to pay for bills,…
Financial Freedom: The True American Dream
Nobody wants to work—or, better stated, nobody wants to be forced to work. We would all love to be “work-optional.” To become work-optional, you must first become financially free. Becoming financially independent isn’t as tough as people think; however, the media does an excellent job of making it seem out of reach. Ultimately, your version…
Retiring on Dividends 104: Income Investing (Closed-End Funds)
Retirement planning is just like the years you spend at work—you require income to fund your lifestyle. There isn’t a magic formula that will allow you to retire. The simple truth is that you need more income than your expenses. Once you can achieve this without working, you’ll be financially free. Therefore, during retirement, you…
