Tag: Financial Independence
Creative Financing in Real Estate 105: Hard Money
So you want to become a house flipper, like those on HGTV? Flipping homes is the best use case of hard money loans. But hard money lending is not for everyone. If there is a way to avoid it, you may want to find a different approach. Before we get into all that, don’t forget…
Let’s Get Rich with NFTs!
The cryptocurrency craze is currently in a mania. Everyone is all in, and the next minute, everyone is scared to death that central governments will ban them. There is still a lot of money to be had in cryptocurrencies. We have not seen all the applications for smart contracts and smart chains. One area that…
Planning for Retirement In Your 50s
In our 50s, we should be beginning our descent into a slower life. However, I do not mean a life of less money. No, the goal is to have even more money. That’s why it is called passive income because we do the work upfront. Hopefully, we have been doing the work upfront in our…
Become a Bonafide Investor part II: Inflation is Coming!
To become Bonafide investors we will need to comprehend the bigger picture when it comes to our investments. In Part I of our series, we talked about the difference between an investing insider vs. an outsider. Today, we will discuss one of the most significant factors in your investment thesis: inflation. Inflation usually happens when…
Planning for Retirement in Your 40s
Hopefully, we will come into our 40s with an excellent financial game plan. If done correctly, we should already be debt-free and have cash flow going into investments. But let’s rewind and talk about how the 40s fit into our overall lifetimes. I am roughly four months into my 40s, and I feel great. I…
Planning for Retirement in Your 20s
Another day, another series. I love starting and finishing these mini-series because it gives me a sense of accomplishment. Today, we are beginning the Planning for Retirement Series. This series aims to help people to learn exactly what they need to focus on at a particular age bracket. The world is a busy place, and…
Planning for Retirement In Your 30s
As much as I would love for people in their 20s to get ahead and start investing, chances are they will begin to take retirement seriously in their 30s. My wife and I began to get our act together in our 30s and become debt-free before turning 40. There are many reasons for people to…
6 Types of Income Streams and How They Make You Rich
Creating multiple streams of income is the most crucial part of getting ahead financially in life. The average millionaire has seven streams of income. Most of us have one stream of revenue, our job. We need to get away from the reliance on our jobs as our only source of income. Our jobs make our…
Buy and Rent Out an 18-Wheeler Truck, for Passive Income
I am always on the search for passive income ideas. Right now, I have a full-time job in the military, but one fantastic day in the future, I will be a free man. When that day arrives, I want to be bringing in as much income as possible while doing the least amount of work.…
Stocks vs. Cryptos
I know, I know; you don’t think that this will be a fair fight. Stocks have been around for a long time, and cryptos have been kicking for about ten years and are only recently becoming mainstream. However, when it comes to your money, everything is equal. Remember, all these investment sources are fighting for…
Is Rental Income the Best Type of Passive Income?
Passive Income is the equivalent of a king sitting on a comfortable bed fed grapes and fruits by his servants. There is nothing quite like passive income for making you feel excited about the next day. When it comes to passive income, the granddaddy of them all is rent. Rental income is money that you…
CryptoCurrency 103: Finding the Right Coins
The land of cryptocurrencies is full of speculation, and speculating is not what a true investor does. A true investor chooses an investment for the long run or until the investment thesis changes. Actual investors don’t try to time the market, sell to a bigger fool or follow the crowd. Catch up on the CryptoCurrency…
Become a Bonafide Investor part I: Investing Insider vs. Outsider
So you want to be an investor, huh? Well, being an investor is more than just putting money into the stock market. You have to understand the bigger picture and also the smaller picture. The bigger picture is everything external that affects the markets. Whether that is interest rates, the employment rate, or the housing…
I Live Paycheck to Paycheck…So I have 300+ Paychecks a Month
Living paycheck to paycheck sucks in most instances. You usually have two paychecks a month, and a couple of days after payday, the money dries up. This scenario leads to a lot of waiting around and tension. There are two ways to change the habit of living paycheck to paycheck: save and budget your money…
JOMO: Joy of Missing Out
Getting older has its perks, and one of them is being able to make your own decisions. As we get older, we have the chance to participate in everything everyone else is doing. We do this because of FOMO or Fear Of Missing Out. Or we have the opportunity to go our way and experience…
Advertising 104: Appeal to the 8 Basic Human Needs
Every human being instinctively needs something, even if they don’t consciously know it. As a business owner, you will need to learn to tap into these basic human needs to publish effective advertising. But first, you will want to understand what these basic needs are. This article is part four of the Advertising 101 series—you…
Creative Financing in Real Estate 104: Private Money
The Creative Financing in Real Estate 101 series exists because real estate is expensive, very expensive. We need to leverage all of our smarts and connections to afford real estate with as little of our money as possible. We have covered personal loans (102) and home equity (103) in previous installments of the series. You…
CryptoCurrency 102: Important Words to Understand
Learning a second or third language can be challenging, and learning the language of cryptocurrencies is similar. You are entering into a new world, full of words you didn’t even know existed. Today, I will attempt to give you a good starting point in your journey into the crypto wonderland. I will convert these words…
Dividends vs. Royalties part II
I’m back for another installment of the Dividend vs. Royalties experiment. I did not re-read part one because I want to ensure the most up-to-date emotions I carry about these passive income sources. I have been having a great time watching my dividends and royalties grow over the last five months. Every day I think,…
Military Success 105: Financial Fitness
Now, for the moment I have been waiting for—I am writing the article that I wish I read before I joined the military. When I joined the Marine Corps in 1999, I had no concept of money. I didn’t know the value of reinvesting your money to make more money. In fact, it took me…
