Tag: financial education
Wealth is a Mindset
You won’t be rich until you think rich. This is a fact that most people will never truly understand. When your mind is not prepared to receive wealth, you will never achieve wealth. Wow, that rhymes, and I believe I just made it up. How do you prepare your mind to receive wealth? There are…
Are You Retiring To Something, or Retiring From Something?
I cannot wait for my retirement! I have so many goals and interactions to look forward to that it is almost insane to think about it. Work is holding my life back from its highest potential. However, it is prudent to stick around in the workforce until a stable retirement is guaranteed. So I wait…
Passive Income: Royalties vs. Automation
Today we have a showdown between two of my favorite passive income sources; royalties and business automation. Both of these passive income sources fall under the business pillar of our Retirement 4-50 plan. For a refresher, Retirement 4-50 consists of four separate pillars- retirement income, investment income, rental income, and business income. Read the book…
5 Takeaways from “Dirt Rich” (farm)
“Dirt Rich” by Leigh Funderburk is exactly the book I have been looking for. Kris and I own 2 separate properties that each have 3 acres of land. When I retire from the military, I want to exploit this land to construct some sort of venue or area where we can start a business. I…
Use Real Estate as Your Wealth Generator
Time to get rich! If you have read any of my work before, you may have seen me say that real estate is the best wealth generator for the average middle-class person. Today I will explore this statement and more to give you an idea of the power of real estate. What is a wealth…
We Married Valentine’s Day 2006; 15 Things We Learned about Love and Finances
It’s Valentine’s Day! My wife and I have reached our 15th year of marriage, which is our Ruby Red Anniversary. Time for some reflection. When you have been married this long there is a lot to reflect on, however, I will keep it mostly focused on finances. Love and relationships are always tied together, even…
Investing for Dividends 101: Dividends to the Rescue!
The opposite of fear is knowledge. Many people are fearful of retirement. Some people don’t fear retirement because they are too fearful to even plan for retirement. But there is nothing to fear. We do not have to worry about the safety of social security or our pension plans. We have the ability to plan,…
Is Saving Money Bad?
It’s not about how much money you make, it’s about how much money you save. We have all heard this before, right? But is saving money such a good thing? There are millions of people who swear by their savings accounts. People love their bank accounts because they are safe. But, are savings accounts safe…
Don’t Gamble Your Retirement Away
Let’s take your retirement nest egg and head down to Las Vegas. I am feeling lucky and there will be a full moon out tonight. Let’s let it ride, bet on black, and put it all on number 23. Does this sound like something that you would want to do? It sounds like a horrible…
6 Traits of a Successful Entrepreneur
Most people have the dream of starting their own business and hitting it big. You may think of an idea that you KNOW will be successful in the marketplace. However, to get your product from point A to point Z will take many skills that you don’t possess. Or at least, you feel you don’t…
How to Become a LAND Millionaire
Owning real estate properties is not for everyone. It requires a plethora of different skills that many people do not feel comfortable using. It will take management ability, people skills, and financial education. However, real estate is probably the fastest, most accessible wealth generator for the average person. So many people want all the benefits…
Stock Market Investing 105: Pick Your Platform
After reading the first four (101, 102, 103, 104) articles in the series, it is now time to pick a platform and start investing. Picking a platform or brokerage can be pretty nerve-wracking, especially if you don’t have someone there to help you out. I use 5 different platforms, and those are the five I…
Taxes 102: The Business Mindset
In Taxes 101 we talked about the three types of income. Now it is time to put ourselves in an even better financial situation. I want to briefly speak on the differences between an average individual and a business. Indeed, only people with the utmost financial education can leverage a business to the fullest extent.…
When is Enough Money… Enough Money? $42,000,000
Is this really a problem that people have? Yes, it is. Enough money. Wow, I would have never thought I would say that my wife and I are approaching that point. Don’t get too excited yet, we still have a long way to go. But, it is weird to even think that this is an…
New Business? Identify, Target, and Mesmerize Your Audience
Starting a business is an amazing ordeal- one that is more than likely going to change your life. However, once you get past the pomp and circumstance, you are left with a lot of questions? Your main question will probably be “How do I get customers?” Indeed, every business needs to sell something to someone.…
Real Estate Investing 102: Unlimited Opportunities when Owning Properties
In Real Estate Investing 101 we went over how to get involved in the world of real estate. Real estate is a large wealth generator, maybe the biggest wealth creation vehicle out there. It is important that anyone seeking financial freedom is involved in some form of real estate. Today we want to take a…
Stock Market Investing 104: Reach Your Passive Income Goals
You should all be well versed in all things stock market because you have read the first three articles in the series. If you haven’t read those yet, you can find them here: 101, 102, and 103. Now that you are all caught up, we need to create a plan before we actually start investing.…
A Financial Account that Pays You Big Money? Is it Possible?
Yes, you read that correctly. There is a financial account that pays you money. Good Money. Not only does it pay you, but it also increases the value of your account as well. Does this sound too good to be true? Well, it is more than possible. All that is required is a little financial…
How Would Your Life Look Without a Paycheck?
How would your life look without a paycheck? This is a question that we should be asking ourselves every day. But Josh, why should we be asking ourselves this every day? This will help us identify all of our residual and passive income. Remember, the goal of financial independence is to completely live off the…
Minimalism: 7 Ways it Leads to Financial Freedom
How much stuff does one person or one family need? I find myself asking this question almost every day? America is especially prone to materialism because we are a consumerist nation. This means that most of our gross domestic product comes from spending money on things. So how do we defeat the urge of materialism?…
