Tag: Financial Independence
Preferred Shares vs. Closed-End Funds: The Battle for Income
Man do I love dividend growth investing. Buying blue-chip companies, receiving dividends, reinvesting the income, and let the compounding effect happen over time. I love buying companies like Coca-Cola (KO), Pepsi (PEP), Walmart (WMT, and Target (TGT). Even better is buying growth companies that pay small dividends like Costco (COST) and Microsoft (MFST). Their small…
Passive Income in DeFi 104: Yield Farming
One of the most exciting parts of passive income on decentralized finance is the sheer amount of options. I’m trying to cover as many of these techniques as possible during the Passive Income in DeFi series (101, 102, 103). Today, we are looking into one of the more complex techniques called yield farming. Other names…
Should You Manage Your Own Rental Properties?
Life is too short to do things we do not love—and nobody loves managing rental properties. We can clear the air right now and be completely honest with ourselves. As much as we disdain managing properties, rental income is one of the best sources of wealth on the road to retirement. So how do we…
Retirement Planning for the Average Person 1+2
In a strange twist of fate, it’s okay to be average. Funny right? Being average gives us the advantage of using our brains to get ahead. Luckily, we can increase the productivity of our brains by reading and taking action. In “Retirement Planning for the Average Person,” we talked about the “don’ts” for the average…
Selling Covered Calls for Passive Income
Options, options, options—we all love having options. Therefore, we should all learn how to trade options on the stock market. Learning to trade options is part of our bigger plan to diversify our passive income. First, a quick disclaimer. This article will not give you an exact science or step-by-step guide to selling covered calls.…
Retirement Planning for the Average Person 2
So you are still average? Great, so am I. There is no reason to whine or cry about our “basic” lifestyle. In fact, it is something to celebrate. When we lead normal, everyday lives, there is no outside influence for us to live above our means. This is part two in the Retirement Planning for…
5 Takeaways from “Make Your Family Rich”
“Make Your Family Rich” by Patrick Keogh is a fantastic book about one of my favorite topics, generational wealth. The premise of the book is not to build wealth for retirement but your family estate. The book then shows us various ways to build wealth. I will list some different methods in the five takeaways.…
Orange You Glad You Have Passive Income?
Ahh, passive income is the wind beneath my sails. It is the warm blanket on those cold winter nights AND the air conditioning during those hot desert afternoons. Passive income is helpful throughout life—that’s why we go out of our way to build passive income streams. This article is my second foray into fruit-based literature.…
Why You Should Learn Creativity and Design
Starting a business is always on the top of my mind, mainly because starting an automated business is one of our keys to success during retirement. If we do everything else right, we won’t need to have a huge automated business in our golden years. If we have a small automated business, wouldn’t it be…
Don’t Fear Delegation
Most of us want to be the best at what we do for work. We love to put in the many hours it takes to learn our jobs inside and out. Because of our dedication, hard work, and performance, others begin to depend on us. We become so used to performing at a high level…
Real Estate is a Mindset (Advanced)
So you want to be a real estate investor, huh? The thing that makes you a real estate investor versus a homebuyer is your mentality. Investors realize that real estate is just another asset class, like cryptocurrencies, commodities, stocks, and business. Knowing that real estate is a means to an end lets investors make business-based…
I’m Too Serious
When did America become a winter wonderland of fun, skiing, and lodges? Or how about a summer wonderland of boating, parasailing, and swimsuit parties? At last, maybe it was always that way, I just never noticed. Returning to America after a year overseas has been eye-opening. While overseas, I started an income stream of writing…
5 Takeaways from “Mortgage Backed Securities”
“Mortgage Backed Securities” by Justin Adams is a fantastic book just for the fact that it is 30 pages long. After reading an almost 400-page book over the last week, it is great to find a short book. Mortgage backed securities are mortgage loans that banks group together and sell like bond-like securities. You will…
5 Takeaways from “Buy, Rehab, Rent, Refinance, Repeat”
“Buy, Rehab, Rent, Refinance, Repeat” by David Greene is probably the best book I have read outside of Robert Kiyosaki’s collection. It kept me on the edge of my seat for the entire 300+ page book. No, it’s not a mystery; it is just a combination of investing, business, real estate, and talent management. Of…
Don’t Gamble Your Retirement Away 4
I’m too serious. That is all I can say about myself after returning to America from a year abroad. Being 40 years old, I am hyper-focused on financially providing for my parents, wife, kids, and grandkids for the long haul. Whenever I browse through Facebook, I see other 40-year-olds boatings, riding motorcycles, going to theme…
The Magic of Cryptocurrencies
I’m in a magical mood today. My wife and I are brainstorming how to buy our fourth house and life is just altogether good. Let’s make it even better by talking about the magic of cryptocurrencies. My “The Magic of” series keeps expanding seemingly every other day. But I love that we can appreciate these…
Investing for Dividends 106: The Pros and Cons of Dividend ETFs
Whew, today’s topic is going to be controversial, at least in the dividend growth communities. I’m all about stirring the pot if it makes us all a little bit more informed. I will discuss dividend ETFs and if they will be suitable for your portfolio. I always seem to be rude, so let me get…
Living Overseas Passively 102: Financial Mindset
Okay, I am 40 years old and preparing myself to move overseas when I am 50. Before arranging my money and passive income, I first need to configure my brain to live overseas life. Living overseas can be vastly different from living in the United States, United Kingdom, etc. Depending on the country we decide…
What Limiting Beliefs Do You Have About Money?
Does how we feel about money play a role in our financial success? Yes, our beliefs, emotions, and experiences with money are a huge factor in how much money connects to us—and in which manner. Today, I want to get us mentally prepared to attract the money and life we deserve. What are limiting beliefs?…
Real Estate is a Mindset (Intermediate)
My wife and I just returned from looking at a new mobile home to put on our 3 acres in Florida. We looked at a few mobile homes, and they would all serve our needs well. Then we talked about the purpose of buying this home. Is it just going to be rental for the…
