Tag: free-pdf-book
Paying Your Cable Bill with Dividend ETFs: It’s Time to Pay Your Bills with Dividends
Do you still have a cable bill? I have a Direct TV bill plus three or four streaming services. All of these bills can be expensive and annoying. Part of me wants to cancel these services, but I don’t because I have the resources to pay for them. Instead, I concentrated on building my passive…
Paying Your Car Note with Mortgage REITs: It’s Time to Pay Your Bills with Dividends
I hate having a car note; I hate it with a passion. However, the Marine Corps placed me in a bind, and I had to purchase a used car on the fly (in 2022). Luckily, I have my trusty dividend portfolio to assist me in making this payment. The magic of income investing is you…
Paying Your Cell Phone Bill with Dividend Stocks: It’s Time to Pay Your Bills with Dividends
I love having the latest Samsung flagship phones but hate paying for them. Luckily, I can use high-yield dividend stocks to cover this expense. The best part of dividend investing is using it to pay your expenses. Eventually, you can use dividends to pay all your bills, making you financially free. But let’s not get…
Paying Your Auto Insurance with Business Development Companies: It’s Time to Pay Your Bills with Dividends
During my 24-year military career, I never struggled to pay bills, and I never had to use credit cards to survive or pay utilities. However, that doesn’t mean everything was golden. We used our credit cards for emergencies, which ended up biting us in the rear end later. Although we always had food on the…
Paying Your Water Bill with Preferred Shares: It’s Time to Pay Your Bills with Dividends
You become financially free when you can pay all of your bills with passive income. Once you reach this point, you become work-optional. My wife and I achieved financial freedom in October 2023, when I retired from the US Marine Corps. At that moment, I had passive income from a pension, dividends, royalties, and rents.…
Paying Your Electricity Bill with Closed-End Funds: It’s Time to Pay Your Bills with Dividends
It’s time to pay your bills. The standard practice is to receive your paycheck and pay your highest-ranking, most urgent bills first. What if we could change the process entirely? What if we could pay all of our bills with dividends? Once we can pay your expenses with dividends, we are incredibly close to becoming…
Living on Dividends in a Destination RV: The New Definition of Luxury Living
The American public wants to reduce housing expenses at a time when it costs money just to breathe. Housing costs (owning and renting) have shot through the roof. At the same time, finding steady work with full benefits and a path to promotions is much more challenging. What are we to do? Well, we can…
Selling Covered Calls for Vacation Money: How to Expedite Your Savings Rate
Do you hate saving for your annual vacation? I used to loathe putting my hard-earned money into a slow-moving savings account that earned 0.01% interest. I traded that saving strategy for a dividend-focused plan. Now, I use my $2,200 per month passive dividend income stream to quickly save for any vacation I choose. Even better,…
Health Savings Accounts vs. Series “I” Bonds: The Best Value for Your Children
We all want to protect our children from financial ruin. We would love to lay the financial foundation for them to follow throughout their lives. However, we must understand these complex products to assist them. Nobody can substitute for us learning the financial information we need to help others. One of the best ways to…
Dividend ETFs vs. Dividend Stocks: Can You Perform Better Than the Pros?
We all love to be in control, right? We want what we want when we want it. And the stock market gives us an unlimited amount of choices—almost too many. I just finished my Stock Market Investing at Any Age Series (20s, 30s, 40s, 50s, 60s, 70s), where I discussed the importance of dividend growth…
Selling Cash-Secured Puts for Passive Income 2: Overcome the Lost Decade with Yield
The 2020s may be a lost decade for the stock market. Some people call this a bubble that may not pop—but may flatline. However, our net worth must still grow over 10% every year. If the gains don’t originate from the stock market, where do they come from? We can obtain yield from dividends, but…
Stock Market Investing in Your 70s: Passing Income to Future Generations
An asset is something we can pass on to future generations. Focusing on their futures ensures we make the best decisions for our and their well-being and longevity. Honestly, we should be financially savvy and independent in our 70s; there is no reason not to be. Therefore, we can begin mapping out our future endowments…
Stock Market Investing in Your 60s: Let the 401K Conversions Begin
We all love the idea of recycling—turning something old into something new. In our 60s, we can turn our pile of money (401K) into a massive passive income stream. That’s right. We will forget the 4% rule and earn 9-10% yields on our invested capital. Do you need a financial advisor to manage your money…
Stock Market Investing in Your 50s: It’s Time to Take Control of Our Finances
Our 50s allow us to finalize any loose ends as we prepare for retirement. Although there will be many bumps along the way, income will enable us to live our dream retirement. We wrestle the horns of the bull during our 50s. This decade is a “Do or Die” time for our finances. We must…
Stock Market Investing in Your 40s: Preparing for a Happy Cash Flow Retirement
Our 30s can push our finances to the limit; however, our 40s present a unique opportunity. We can set the stage for an extraordinary Happy Cash Flow Retirement during this decade. The stock market will significantly contribute to our retirement success through growth and capital gains, but mainly through income. Our income investing allocation should…
Stock Market Investing in Your 30s: Crunch Time in Your Crunch Years
I’ve said it once, and I’ll say it again, “Your 30s are the most financially challenging decade of your life.” Therefore, if you can keep it together in these years, you’ll stand a decent shot of winning in the end. I started investing at the ripe old age of 38—much later than I should have.…
Stock Market Investing in Your 20s: Time in the Market Always Wins
I’ll keep this series very simple: allocate your age (the number) to income-investing products. If you are 25, allocate 25% of your investment portfolio to income. If you are 75, allocate 75%. Income-investing assets are products that focus primarily on current income. Therefore, they exclude dividend growth stocks like Apple (APPL) and Johnson & Johnson…
Investing for Interest 119: The Magic of Corporate Bonds
I want 30-year bonds that yield over 6%. Unfortunately, I must look beyond 30-year Treasury Bonds, which currently pay 4.5%. But where do I look? How do I find high-yield bonds that are also reliable and low-risk? It’s time to venture into the world of corporate bonds. I’m new to the world of corporate bonds,…
Retirement Plus: Supplement Your Retirement with Rental Income
There has been a lot of debate on whether you should purchase a home or not, and I’d like to put this topic to rest. Not only should you own one house, but you should also own many homes. In addition to owning multiple homes, you should rent out at least one room in your…
Covered Calls vs. Cash-Secured Puts 2: The Best Strategy for Intermediates
Options trading can be an exciting hobby, but the stakes are high. As we mature as options traders, we must refine and improve our skill sets. I wrote “Covered Calls vs. Cash-Secured Puts” roughly a year again, so it’s time to dig a little deeper. How do you pick stocks that give great returns? How…
