Tag: Financial Independence
Preferred Shares 103: The Rule of 72
Another day, another preferred to buy. After reading Preferred Shares 101 and 102, you should be well-versed in why we are buying preferred and which types of preferred we are targeting. As a recap, we are looking for preferred shares that are “Cumulative Redeemable Perpetual and Fixed.” Before we jump into the Rule of 72,…
Military Success 101: Physical Fitness
Introduction. The military has been good to me, and it might be a great starting point for you as well. I started my military career, and I went over 20 years- it was my wealth generator. However, the military is not for everyone as there are plenty of reasons that can make it difficult. Before…
How Do You Define “Being Rich?”
What does it mean to “be rich” to you? I know many of us believe that being rich is living in a massive mansion with exotic cars, exotic women, and exotic animals. America has conditioned us to think along these lines- having millions upon millions of dollars is the definition of being rich. These dreams…
Mothers as Entrepreneurs: Take Control
The pandemic hit many people very hard, lots of which never recovered. We learned much about ourselves and our society during this crisis. Mothers, as a group, were hit especially hard. During the crisis, our children were pulled out of school without forewarning. Parents, mothers in particular, were forced into tough choices involving going to…
The Advantages of Adult Children Living at Home part II
In the first part of this article, I went on a rant about this topic’s background thought process. In many countries outside of America, it is acceptable for adult children to live at home with the parents. Here, we see it as a weakness. Today, I want to cover the actual benefits of adult kids…
Preferred Shares 102: Terminology is Important
For my preferred shares, I like them to be “Cumulative Redeemable Perpetual and Fixed.” If you don’t know what this means, don’t worry. I did not either until I read the book “The Billionaires Secret.” In Preferred Shares 101, we talked about the benefits of investing in preferreds- now, it is time to get into…
Use the Military as Your Wealth Generator
I have talked a lot recently about wealth generators. It started with “Use Real Estate as Your Wealth Generator” and then “Cash Flow 103: Choose Your Wealth Generator.” As I reflect on why I am still in the military after 22 years, I realized that the Marine Corps was my wealth generator. Also, check out…
5 Takeaways from “Real Estate Note Investing”
Investing in real estate notes could be your path to financial freedom. In the book “Real Estate Note Investing,” author Dave Van Horn walks us through all the trial and error that lead him to real estate note investing. He starts by explaining how he used credit cards and home equity loans to invest in…
Do What You Love -OR- Love What You Do
Can your job make you happy? Are you happy doing your job? These slight turns of phrases may seem small, but they go much deeper into your psyche. Many people spend years chasing their passions, only never to find what it truly is. Others take a job for the benefit of their families and love…
Advertising 101: Using the Fear Factor
Every business needs an advertising strategy. Business income is one of our four pillars of Retirement 4-50. As we begin our journeys to Financial Freedom- business, marketing, advertising, and automation are all words that we will need to research and learn. I never thought about advertising until I read the book “Ca$hvertising” recently. Ever since…
Maximum Leverage 2: Buy Homes with Nothing Out-Of-Pocket
We are back to buy even more homes with no money down. In Maximum Leverage 1, we covered how to use different types of loans to prevent paying a down payment. However, what if paying a down payment cannot be avoided? How can we leverage other’s people money (OPM) or our equity to pay zero…
Preferred Shares 101: Getting Started with Preferred Shares
Does the stock market overwhelm you? Do you want a more predictable way to invest in stocks? I could have the answer for you- Preferred Stocks. Once you understand the basics of preferred shares, investing will hook you. The hardest part of investing in preferred shares is finding them. In “Stock Market Investing 106: High-Yield…
The Invisible Budget
Dang! Where did all my money go? Have you ever wondered this before? I call this the phenomenon of the invisible budget. Today, I will review the invisible budget and how to lessen its effect on your lifestyle. That’s right; you will not be able to defeat it. The invisible budget is also called “the…
The Road to Wealth: Where Will You Stop?
I’m getting old- which can be a good thing or a bad thing. I tend to look at it positively because with age comes experience. I am at the age now where my decisions, and those around me, are starting to bear fruit. In the world of relationships, those who got married and had kids…
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…
