Tag: Financial Independence
How to Make $500/Month in Dividends
Can $500 a month in free income change your life? I can speak from experience that dividends can change your life and your entire outlook on the future. Once you start building a dividend portfolio, you’ll wonder why you hadn’t started sooner. Of course, it costs money to make money with dividends. If you don’t…
The American Dream Costs $5 Million
The world set us up for failure from the minute we left the house at age 18. I joined the US Marine Corps ten days after high school thinking I would eventually live the American dream. I got married at age 25, had my first boy at age 25, and bought a house at age…
Series “I” Bonds vs Roth IRAs
With a recession on the horizon, we need to invest with a long-term mindset. We aren’t going to make double-digit returns over the next few years. What are some investing options we have with a 20+ year timeframe? Today, I want to talk about Series “I” Bonds and Roth IRAs because they are very similar,…
5 Takeaways from “The 4 Stages of Building Wealth”
“The Four Stages of Building Wealth” by H.J. Cammas guides us through the stages of living on earned income to living on “unearned” income entirely. At this point, we will be considered financially free. Unearned income is money that our investments produce, otherwise known as passive income. Passive income is one of my favorite topics,…
Financial Independence through Real Estate 3
We have come a long way in our real estate knowledge. Hopefully, over the last 1.5 years, we have begun to formulate a plan to buy and exploit our advantages in real estate. This is book three in Signature Series 3. The other two books are “How We Plan to Retire on Dividends 3” and…
From Dirt to Dividends 6: Use Verimculture & Blue Chip Companies to Supplement Your Homestead
I’m feeling mighty wealthy today. That is because I have dividends coming in from all sorts of high yield products, such as closed-end funds and preferred shares. Currently, I am still working; however, I will retire, and my dividends will continue to pour into my accounts one day. With dividends incoming, I can spend my…
5 Takeaways from “The Multifamily Millionaire part 1”
“The Multifamily Millionaire” by Brandon Turner is one of many BiggerPockets book releases I have read. This book explicitly covers “small” multi-family homes and properties. In this instance, the word “small” means anywhere from 2-20 units. The bank considers any property having 1-4 units as a residential property. Thus, lenders consider a property with over…
Passive Income Living: Overseas vs Homestead vs Small Town
I’ve been on a roll recently preaching about the housing affordability crunch. Owning a home in the US will soon be out of reach for the average person. I wrote three articles in short succession that capture my feelings: Rental Takeover: Have Investors Overtaken Your Neighborhood? On The Sidelines: Will the Housing Market Crash? Home…
Debt-Free Society: Beat Credit Card Debt
Credit cards are a powerful evil that controls a majority of the population. They tempt you with great offers and reduced interest rates to ensnare you for years of pain. However, there is no use for us crying over spilled milk. It’s time to accept that we got ourselves into credit card debt and need…
Top 15 Financial Books of All-Time
How do you decide on the top financial books of all time? You look at the philosophies that helped you create wealth in your life and where they originated. Sometimes when you read many books (I have read 110), the ideas become jumbled together into one big ball of thoughts and passions. However, it’s good…
My 7 Principles of Wealth
To become wealthy, you need a foundational belief system. Yes, you can have the physical steps like paying off your credit cards, but there has to be a shift in mindset. Without a divergent belief system, the world of consumerism and materialism will overtake your goals. I previously wrote about my core values of passive…
On The Sidelines: Will The Housing Market Crash?
2022 has been a roller coaster year thus far. We are five months in, and things are looking crazy, with the future looking like more of the same. If you want to buy a home, should you wait until the housing crash? As investors, we have to make assumptions to continue the planning process. Today,…
5 Takeaways from “How to Start a Worm Farm Business”
“How to Start a Worm Farm Business on a Shoestring Budget” by Stephan Kloppet gives us everything we need to know about worm farming or “vermiculture.” Worms can create many positive environmental resources, including worm casting, worm tea, and compost. Getting started with a worm farm doesn’t cost too much money. You start with 500…
From Dirt to Dividends 5: Use Composting & Dividends ETFs To Supplement Your Homestead
Life is good on our wealthy homestead, so welcome back. Here, we live off the land while becoming rich on dividends. It’s not a bad deal to convert nature into cash flow. This piece is part five of the From Dirt to Dividends series (Part 1, Part 2, Part 3, Part 4). Previously, we have…
5 Takeaways from “Guerrilla Publishing”
“Guerrilla Publishing” by Derek Murphy is the bible on how indie writers and publishers can become success stories. This is my second time reading this book because I read the pdf version one year ago was the first time. I decided to buy the book and reread it. Trust me; it’s even better the second…
To Be Truly Free 2: You’ll Need $20,000 a Month in Passive Income
My article “To Be Truly Free: You’ll Need $20,000/Month in Passive Income” is consistently one of my most read articles. People love to debate that they can live on much less money than this. Okay, I’ll bite. I can admit that I can live an extraordinary life at $8,000/month of passive income. I already have…
Home Buying for the Average Person: The Window is Closing
You will not like this article because it will be a truth pill. I can’t sugarcoat the situation any longer—homeownership for the average person is out of reach. It’s over. Only those people who go above and beyond will be able to afford homes and live the American dream. Let’s be clear; this is also…
Inflation Ate My Paycheck 104: Create Infinite Dividends
I always write about using dividends (and passive income) to beat inflation and live your best life. By making more money passively, you’ll be able to become your best self, and your relationships will begin to prosper. But many people get the purpose of stock market investing wrong. They look to the stock market as…
5 Takeaways from “Book Cover Design Secrets”
“Book Cover Design Secrets You Can Use to Sell More Books” by Derek Murphy is a how-to guide for authors. Most experts tell authors not to publish their own book covers because they make many rookie mistakes. However, you can save a lot of money by learning to create your own covers. This book gives…
Investing for Interest 107: Series “I” Bonds For You and I
This year will be a challenging time for both savers and investors. The bond markets predict a recession, and the stock market is already pricing in the effects of inflation, high-interest rates, and limited commodities. We can’t speak with certainty about what will happen in the next one or two years, so we must hedge…
