Tag: Financial Independence
Investing for Dividends 103: The Magic of Re-Investing
The greatest enjoyment of dividend investing is receiving little tiny paychecks throughout the month- it is magical. There is nothing like waking up to find some new money in your account. However, when you reinvest your dividends, some of that fun is taken away, at least for the time being. But, to answer the question,…
5 Takeaways from “The Options Playbook”
The stock market can be very lucrative for buy and hold investors. But what if you wanted to take a more active approach? Enter “The Options Playbook” by Brian Overby. Options are stock market “plays” that you can use for various purposes. You can trade options for offense, defense, protection, and aggression purposes. If you…
Scenario 2: $30,000/month Cash Flow Retirement
Wow, it’s been almost three months since my last cash flow retirement article. I have probably written 200 articles since then- time flies when you are writing. For this installment, we are going for big money, over $30,000 a month. Back Story. Alex and Claire have been married for over 25 years. They are retiring…
Success is a Habit: What is Your Daily Routine?
Not much truly separates the poor from the rich. Yes, many rich are born with privilege, giving them a big head start in life. But most millionaires are self-made. Being self-made means that they began as poor or middle class and created additional wealth for themselves. But what separates those few from the many that…
Start a Home Business
Your retirement is approaching soon. Even if you are 25 years old, you could be less than ten years away from retirement- if done correctly. To become financially independent and retire early (F.I.R.E.), you will have to use the four pillars of the 4-50 Retirement plan- retirement income, investment income, rental income, and business income.…
Buy Land, Start Farm
Part of my self-imposed mission statement is to provide money-making ideas to anyone who wants to listen. Some of these ideas will be more explored than others. I feel that the less explored ideas have the potential to become more financially fruitful than the others. One of the ideas I discussed in “Become a Land…
Municipal Bonds: Tax-Free Goodness
Who wants tax-free income? It is difficult to find money that comes in and isn’t taxed. However, municipal bonds can be tax-free or tax-exempt. Bonds, by default, do not pay high yields, but they can produce enough to stay ahead of inflation. Let’s get to the bottom of what municipal bonds are and how to…
Remote Worker: Beware of a Pay Trap
It was too good to be true. The idea that someone could be hired in San Fransico, accept the job, and then move to Iowa. A technique like this could generate a lot of wealth. You essentially would be receiving top pay from San Francisco and living in a low cost of living area. It’s…
My Retirement 4-50 Update #5
My retirement 4-50 plan is our goal to be work-optional by age 50. It consists of 4 retirement income blocks. Retirement 4-50 is based on cash flow. My goal is to have a total of $6,000 a month cash flowing from each block (total $24,000). The blocks are retirement income, investment income, rental income, and…
Cash Flow 103: Choose Your Wealth Generator
Now it is time to make serious money! Do I have your attention? In Cash Flow 101, we talked about how much your dream retirement would cost. In Cash Flow 102, we talked about creating passive income from four pillars- retirement income, investment income, business income, and rental income. In Cash Flow 103, we are…
Mentorship is Dead
Mentorship is dead. No longer is an older, wiser professional going to assist and guide you through the process of succeeding at your job. You will get some online training and a quick meeting- and you’re on your way. Have fun. Interestingly, mentorship is needed more than ever. The world has never been as complex…
Create.
It’s time. I know that you may be scared or insecure, but I believe in you. You have the skill to become a creative force in this world. Forget about all the ways that the world has tried to prevent you from this moment. Growing up, we start to build up a fear of performing…
Maximum Leverage: Buy Homes with No Money Down
I hate, hate, hate putting money down on homes. I am damaged good though. I put down $60,000 on our first home in Arizona back in 2008. Then I proceeded to lose all of it because of the real estate market that year. Never again. This belief is mine and mine alone. You can feel…
Investing for Dividends 102: Keeping Score
“But Josh, I don’t want to write things down.” I know, I know. Creating a spreadsheet is probably the most boring thing you can do in your free time. However, when it comes to dividend investing, it is a must. To truly appreciate the art of dividend investing, you have to track your…. Dividends. I…
5 Takeaways from “The Practice”
“The Practice” by Seth Godin is a once-in-a-lifetime read for creative professionals and creative wannabes. The only caveat I have to the above statement is that I feel you have to be on a creative journey to understand the book honestly. This book touched me profoundly because I am fresh into my life, or career,…
Cash Flow 102: Creating Passive Income for Retirement
Creating passive income is the reason why my website and books exist. Consider this article a way to get back to our roots and boost our motivation for ensuring we have the best retirement we can build through hard work, education, and planning. The strategy I use for retirement planning is my plan called Retirement…
What is a Sales Funnel?
Every business sells something. Your goal as an entrepreneur is to get someone to pay for something by providing them value. The process of sales may seem random, but it is a highly curated affair. A sales funnel is a process that converts a “random human” into someone that pays something from your business. Each…
Print Your Own Money!
It is illegal to print your own US Dollars. However, it is not unlawful to create products that people can buy with US Dollars. Thus, your job as an entrepreneur is to get customers to buy your products with US Dollars (or other currencies) by providing value. If you can do this, then you have…
Become a Private Money Lender
If you invest for the long-term, you will begin to have excess funds to invest in different ventures. The stock market is a store of wealth but is not a wealth generator. The stock market returns are usually about 4-10% annually, but not a way to obtain lots of money. The idea is to bring…
Intro to REITs part IV: REITs vs Rentals
REITs and rental properties serve the same purpose- to provide the investor with reliable, sustainable income- that can be used to pay for expenses and lifestyle throughout retirement. However, REITs and rentals accomplish this in different methods, at least from your point of view. P.S. Catch up with the Introduction REIT series (Part I, Part…
