Tag: free-pdf-book
What I Have Learned From Having Tenants for 10 Years
Most people will never become landlords and oversee tenants; they simply don’t possess the drive to manage another human being. Being a landlord requires you to separate who you are as a person from what you represent as a landlord. Sometimes these two individuals (you) are at odds. I own one large house in Arizona,…
Your Income Should Increase Every Year 2
Life is expensive. This is a difficult concept for most people to understand. To stay ahead in the world, you must keep increasing your income annually. The good part is that your assets can do most of the work for you. The bad part is you’ll need to acquire your assets first. I wrote part…
The Magic of Passive Index Fund Investing 2
I invest for income. Nothing gives me more pleasure than doing the math to generate dividends from my income-investing portfolio. However, income products usually don’t increase in value. To capture the stock market’s growth, I turn to index funds. What are index funds? Index funds are Exchange Traded Funds (ETFs) that track a specific assortment…
The Magic of Income Investing 2
I see the world through math; I can understand if something makes sense financially rather quickly. I also invest in generating income. The more income that comes into my accounts, the easier my life becomes. Revenue minus expenses creates cash flow. Cash flow is the lifeblood of any business and every household. To consistently overcome…
The Magic of Dividend Growth Investing 2
We all want to be able to afford retirement someday. They teach us to invest in our 401Ks; maybe at age 70, we can escape the rat race. But what if we could get away sooner? What if we could retire with a $1 million portfolio that also paid us $40,000 to $50,000 per year—without…
Stock & Bond Investing in Your 70s
Our 70s are all about paying it forward. Hopefully, we did well with our finances and can give to the next generations. We want to ensure our children and grandchildren can navigate life with more resources than we had available. We must lead by example if we want them to have the millionaire mindset. Welcome…
House Hacking to Defeat Credit Card Debt
Being in credit card debt is one of the worst situations in the world. There is nothing fun about the incredible power of compounding working against you. We must employ extreme measures to get ourselves out of dangerous credit card debt. We will struggle if we are trying to “work more hours” to clear our…
Stock & Bond Investing in Your 60s
For most people, their 60s is when they begin to feel wealthy. They can cash out their 401Ks and Roth IRAs while receiving social security. If they are fortunate, they also receive a federal, state, or local government pension. However, just because they have cash flow doesn’t mean they should stop investing. Welcome back to…
The Most Challenging Part of Passive Income: Enjoying it
They teach you to work. They teach you to struggle. However, they don’t teach you to enjoy life. Once you get your relationships and finances on track, your worldview changes. The average person believes that you go to work and spend your paycheck. Because work makes you sad, you spend even more than you need—shopping…
New Car Payments vs. Income Investing
Do you own a paid-off car? Congratulations, you are on your way toward financial freedom. Or are you? Chances are you are considering buying a new car because they look so dang sexy right now. You may as well get a brand-new vehicle with safety features and better gas mileage, right? That new car smell.…
Living in 1,000 Square Feet as a Family of Four
When did we become so selfish here in America? We want our small families to live in a 3,000-square-foot home on three acres. Unfortunately, we need to be alone, and this is destroying our finances. Living in these monstrous homes as a single family simply costs too much money. The need to be individuals. Families…
Think of Preferred Shares as Gift Cards: Buy Your Income at a Discount
What if you could buy $25 gift cards for $20 and still redeem them at $25? Would you take this deal immediately? Why would this deal intrigue you? Because you would essentially be buying money ($5) for free? This concept is the idea behind buying preferred shares on the stock market. The more you research…
How to Create, Buy, And Build Assets: Start the Journey to Set Yourself Free
My favorite author Robert Kiyosaki says it best, “An asset puts money in your pocket, and a liability takes money from you.” Understanding this simple truth has allowed me to become debt free and financially independent over the last four years. I simply focus my efforts on obtaining assets and not accumulating liabilities. Collecting assets…
Why Rents Will Continue to Rise: And How You Can Get Ahead of the Rental Curve
Are you waiting for a housing crash before jumping into the market? Well, you may be waiting for a very long time. The rental market will continue to rise for the foreseeable future for one main reason—investors. There are simply too many individual and foreign investors, institutions, syndications, and real estate investment trusts (REITs) for…
Turn a Reverse Mortgage into an Income-Investing Portfolio
At some point, our parents may need to use their primary residence as a retirement plan. We, as their kids, need to remove the emotion from these decisions. Each generation’s retirement years are getting longer, so it could be tough to generate income for 30 to 40 years. This is especially true if they liquid…
Stock & Bond Investing in Your 50s
If your 40s were all about creating income, then your 50s are about maintaining your portfolio while building generational wealth. Your income should be creating more income in your 50s. This means you should have enough income from dividends to reinvest 30%. If this is not the case, please go back and read the earlier…
The Pros and Cons of Closed-End Funds: How Do You Like Your Income?
Learning to invest for income changed my life; I figured out how to build my own paycheck. Most people do not invest for income; they want to get rich quickly. I dividend income investing into six different types, which you can read about here. One of my favorite types of income investing is closed-end funds.…
Stock & Bond Investing in Your 40s
There are a few paths you can take in your 40s. You can get into more debt, get divorced, have a mid-life crisis, or become rich. Luckily I choose to become wealthy by making more income than I spend. Remember, wealth is having excess income versus expenses. But I didn’t choose to have a job…
Are You Drowning in Debt? Try Building a Relationship with Money
Our parents and teachers train us to be good employees. Unfortunately, this mindset leads to terrible interactions with money. The first step to getting out of debt is understanding the language of money and then learning how we should spend it. The root cause of debt. We live in a consumption-based, spend-first society. However, that…
Learn to Barter and Trade Today: How to Prepare for the New World
We should all be fearful of the future. No, this does not mean living in fear, but having a healthy respect for the fact things will change. Money is becoming much harder to obtain through a W-2 job. If you have a job, it’s like having five jobs because you are doing the work of…
