Tag: financial education
The Passive Income Grind
The more I write about passive income, the more I realize society does not build people to receive it. Why is that? Before the payments become passive, you need to do a lot of work to get everything set up—I call this The Passive Income Grind. I never thought about the grind until I got…
I Have Everything I Want in Life… And Then Some
There are rare moments in life where you can truly appreciate everything you have worked towards. Whether it is coming home from deployment or surviving cancer, you will know when it hits you. I have had many of these moments throughout my 22 years in the Marines and 15 years of marriage, but none may…
How Would You Invest $300,000?
Let’s try something different today. Let’s do an exercise on how to invest some theoretical money. I hope you have been reading all my articles and books because we will draw on the power of retirement planning, investing, real estate, cryptocurrencies, and business. I am currently on the late-night flight from Tokyo to Dallas/Fort Worth⏤en…
Don’t Let School Interfere with Your Education
We have placed too much emphasis of our education on going to college and getting multiple degrees. We are now telling ourselves that someone will show us how to make money and build our fortunes. Sadly, your degree is not going to help you get rich. It may get you a high-paying job, however. So…
Financial Independence through Real Estate
Of all the ways to retire early, I believe real estate is the most attainable of them. I recently wrote an article called “How We Plan to Retire on Dividends,” which laid out our plans to use investments to supplement our retirement. Then, I wrote an article called “Retire Rich, Retire Comfortable with a Business,”…
4 Steps to Become Rich
It’s funny that the steps we are given at a young age to become rich will not really make us rich. We may become wealthy over a long span of time, but not as fast as they allude to as we are growing up. Their four steps for wealth are: 1) Get good grades 2)…
Don’t Gamble Your Retirement Away 2
Well, it has been over two months since our first article in this series, and much has happened since then. The main takeaway from these two months is never to stop planning, preparing, and discussing your retirement plans. They are fluid and should dictate much of your actions on a day-to-day basis. First, let’s review…
5 Takeaways from “Rich Dad’s Who Took My Money?”
You may know that Robert Kiyosaki is by far my favorite author of all time. Reading his work is like eating comfort food down South. I just finished reading “Rich Dad’s Who Took My Money?” and it was another fantastic book. “Rich Dad’s Who Took My Money?” focuses on the velocity of money and how…
Our Most Stressful Moments as HomeOwners
Owning a home can be frustrating sometimes. Owning multiple homes can multiply these frustrations as well. However, many people fear these stressful situations, preventing them from buying a house or a rental property. Getting involved in real estate is one of the most accessible wealth generators that ordinary people can participate in- for wealth creation.…
Stock Market Investing 106: High-Yield Alternative Investments
We have learned a lot throughout the Stock Market Investing Series (101, 102, 103, 104, 105). We went from the basics of capital appreciation and dividend growth investing methods to how to reach our passive income goals. Now, we can get into some of the more in-depth yield-producing securities. First, I will review some of…
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…
Scarcity vs Abundance
What the world offers us is all a derivative of how we view the world. Our perspective shapes how the world treats us. I know that this will not ring true for many- but, some people can grab whatever they want from this world. These beliefs start to form during childhood and are extremely hard…
Start a Luxury Vehicle Business
We all love nice things. We enjoy the excitement of new vehicles breaking up our mundane lives. However, when the excitement wears off, we are left with substantial loan notes that can take years to pay off. In “Taxes 102: The Business Mindset,” I covered some ways to offset this financial burden by having our…
The Advantages of Adult Children Living at Home part I
“At 18 years old, you’re out of the house!” is something I heard a lot growing up. My parents weren’t trying to be mean, but this is what most American families preach to their children. Being 18 years old and graduating high school signifies the passage of becoming an adult. And sure enough, I left…
5 Takeaways from “The Options Playbook”
The stock market can be very lucrative for buy and hold investors. But what if you wanted to take a more active approach? Enter “The Options Playbook” by Brian Overby. Options are stock market “plays” that you can use for various purposes. You can trade options for offense, defense, protection, and aggression purposes. If you…
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…
Success is a Habit: What is Your Daily Routine?
Not much truly separates the poor from the rich. Yes, many rich are born with privilege, giving them a big head start in life. But most millionaires are self-made. Being self-made means that they began as poor or middle class and created additional wealth for themselves. But what separates those few from the many that…
Start a Home Business
Your retirement is approaching soon. Even if you are 25 years old, you could be less than ten years away from retirement- if done correctly. To become financially independent and retire early (F.I.R.E.), you will have to use the four pillars of the 4-50 Retirement plan- retirement income, investment income, rental income, and business income.…
Buy Land, Start Farm
Part of my self-imposed mission statement is to provide money-making ideas to anyone who wants to listen. Some of these ideas will be more explored than others. I feel that the less explored ideas have the potential to become more financially fruitful than the others. One of the ideas I discussed in “Become a Land…
Municipal Bonds: Tax-Free Goodness
Who wants tax-free income? It is difficult to find money that comes in and isn’t taxed. However, municipal bonds can be tax-free or tax-exempt. Bonds, by default, do not pay high yields, but they can produce enough to stay ahead of inflation. Let’s get to the bottom of what municipal bonds are and how to…
