Tag: Financial Independence
Why the Bank Wants Your Money & Why You Should Become the Bank
Understanding the banking system is vital to achieving financial independence. It is part of our ongoing financial education and will help free us from the monetary constraints that most of us are under. Today, let’s talk about lending. In particular, how the bank uses your money to lend and how you can do the same…
How to Prosper During the Next Recession
Recessions are horrible events for millions of Americans. They cause high employment, homelessness, and hunger. We need to ensure that we not only survive during these times but also prosper. If you dig deep into history, most fortunes were made during hard financial times. This is when you can buy property and businesses for pennies…
Our Kids need Financial Education AND Assets
Parents, it is time to finally come to terms with the state of the world as it is today. No longer can we act as if things are as they were. We were raised with the mantra of work hard, get a good education, get a high-paying job, start a family, buy a house, and…
Hindsight is 2020
Reflection time. As we move into the new year, 2021, and leave behind the hot mess that was 2020, let us take a look at what was. Let us review our financial status and determine if we are better off now than we were at the start of 2020. Hopefully, by doing a deep reflection…
It Feels Good to be in Control Of Our Finances
I was just talking to my wife Kris about how your New Years’ 2021 went last night. Then naturally we drifted to talking about the business of our household. We have been married for 15 years (in Feb 2021) and tend to weave in and out of business and leisure topics. This is how our…
The Magic of the Infinite Return
Most of us start out knowing one way to make money. This is our prime money generator, and for a lot of us, it is our earned income job. Eventually, as we mature and become wise in the world, we put the money from our job into investments. We will call this “building our money…
15 Years of Marriage, 2 Children, 3 Houses, and 1 Journey to Financial Independence
Where did all the successful married couples go? Where are all the role model families that we can look to for guidance and mentorship? Personally, I have no idea if those families actually existed outside of television. I know that all the financially independent people I watch are young and single or young and married.…
What is your financial independence number?
What is financial independence? Well, it has a different meaning for everyone. The Wikipedia definition is; Financial independence is the status of having enough income to pay one’s living expenses for the rest of one’s life without having to be employed or dependent on others. I tend to agree with this definition. There is the…
Front-Load your Life!
This article is as simple as can be. NOW is the time to start thinking as rich people think. TODAY is the day you need start to invest in the world as rich people would. And how do rich people invest in the world? They use earned income and business income to buy assets that…
On your Financial Quest; be prepared to defend yourself
Kris and I were never very flashy people. We always wanted clean, cheap, reliable cars. Kris shopped around looking for the best deals on clothes and accessories. I always wore T-Shirts and flip flops. We never really stood out as people of money. We both grew up without much money, so we never saw the…
What is financial independence, to you?
Everyone’s version of financial independence looks differently. Some want to win megabucks in the lottery. Others want to earn a military retirement and then move to Thailand or The Philippines. Whatever the case may be, we all need to come up with a plan to achieve our goals. No matter your goals, the best way…
