Tag: kindle unlimited
How Dividends Changed My Life: My First Six Years as a Dividend Investor
I used to be afraid of the world. I worried about receiving a phone call containing unexpected bad news that required an emergency outlay of money. I was scared because I didn’t know how money worked. The only way I learned how to make money was by working my job. Luckily, one day in summer…
The Reality of Being a Landlord: Not Everyone Can Do It
The reality of being a landlord is that most people cannot become one. It may be a tough pill to swallow, but it is something we must take seriously. Only about 7% of the population collects rent from someone else. I learned that in my macroeconomic class last year. Today, I want to discuss why…
The Best Way to Retire Early: Dividends vs. Rents
Retirement WILL NOT come for us all; unfortunately, that’s how the cookie crumbles. The good part is that we can decide our retirement fate by choosing how we live. If we spend beyond our means on clothes, renovations, vacations, jewelry, and cars, it will be challenging (and probably impossible) to retire. On the flip side,…
How Many Air Conditioners Do You Own? The True Measure of Wealth
The American Dream consists of owning property, mainly your primary residence. Most people own one home and use it to build and grow their net worth. However, the average person has no desire to own rental properties. Why? Because it involves taking care of assets that you do not reside in. We love to spend…
How to Obtain, Retain, and Maintain Wealth: How to Get and Stay Rich
Wealth is a mindset. I wrote an article about this topic in February 2021, as I was just beginning my journey toward financial independence. Now, over four years later, I am fully retired and own five homes. “Life is good” is an understatement. However, I still have to remain vigilant about maintaining my wealth. If…
Can You Turn $5,000 into $6,000 in One Year? How To Compound Your Money
How do you grow your wealth without working a job? That is the existential question most people can never answer throughout their lifetimes. Why is this question so important to your long-term financial health? If you can answer this question, you have a good chance of thriving on passive income. Before I answer this question,…
From Debt to Dividends #1: Determining Spending Habits
If you have a lot of debt, chances are you do not earn a lot of dividends. Debt represents the worst part of the power of compounding, while dividends reflect the best part. But, how do you go from being in debt to earning passive income? What shift in mindset must you undertake to achieve…
Is $100,000 a Year the Magic Happiness Number? How Much Do You Need to be Satisfied?
Earning $100,000 per year used to be the gold standard for hard-working adults to strive for. Once you hit this milestone, you were officially “wealthy.” However, things have changed over the years (especially since inflation). People now believe they require more than $100,000 to survive and thrive. But, is that truly the case? Three years…
Become a Capitalist in One Hour: Convert Free Time into Free Cash Flow
Have you ever wondered why some people always seem to have money? Sure, they could be in credit card debt; however, a rare few actually know what they are doing. If you intend to have a successful financial life, you’ll need to become a capitalist. However, capitalists are made—not born. This brings me to the…
Passive Income Requires Massive Work: You Didn’t Think It Would Be Easy, Did You?
We all want to lead a fantastic life; a life filled with adventure, travel, and fun. However, most of the time, we fill our lives with duty, responsibility, and work. How do we begin to live the life of our dreams? The fastest way to change your lifestyle is to prioritize the importance of time…
Income Investing for the Average Person: We Can Lead Above Average Lives
There is nothing wrong with being average. In fact, I strive to live an average life where no one knows my name. However, I also chose to be silently wealthy. Just because you are average doesn’t mean you can’t be happy and financially comfortable. You don’t need to be a successful entrepreneur or star athlete…
The Earned Income Trap: And How to Avoid It
Have you ever gone to Walmart on a Wednesday morning and seen tons of people? I always wondered how these people would be away from work at this time. I worked for the United States Marine Corps for 24 years, during which I never had time to go shopping throughout the day. I was stuck…
High-Yield Savings Accounts vs. Standard Savings Accounts: We Should All Love Yield
I’m embarrassed that I even have to write this particular article. I mean, come on, we should all want our money to earn as much interest as possible. However, I understand many people have reservations about switching to a high-yield savings account, typically from an online-only bank. But it’s time to overcome our fears and…
Get Off The Fence. Get Into Dividends!
What are you waiting for? How many years must you spend in the workforce before you realize it’s all a game? Even worse, it’s a game you cannot win. Even if you work 40 years to accumulate $1 million, can you live on $40,000 annually from investments? Most people will get nowhere close to $1…
Paying All of Your Bills with Income Investing: The Magic of Passive Income
Paying bills sucks, but it is a necessary part of our lives. How can we create less friction when dealing with our expenses? The best solution, I found, is to pay bills with passive income. Why is passive income important to your overall financial health? Passive income is money you receive without exchanging time for…
Rental Income vs. Social Security: What’s Best for Your Retirement?
Social security is heading toward insolvency; can it be saved? We do not know what the future holds; however, there are things in our purview we can control. I used to be a full-on government-retirement-plan lover. My goal was to serve 30 years in the Marine Corps, do another 20 years in the federal civilian…
Creating Passive Income in Yout 70s: Learn to Earn in Your Sleep
Earning passive income in your 70s should be the easiest thing on Earth. You should already have a plethora of money and assets; all you must do is convert them into income. Your 70s should be a time of joy and relaxation, not stress and frustration. One of the best ways to solve any problem…
Every Day I Wake Up to More Income! Income Investing for the Win
I started working at age 16 during the summer of my sophomore year in 1996. I continued exchanging time for money until the summer of 2019. In June 2019, I began exchanging time for assets. These assets then paid me money that I could use to purchase more assets. I retired from the military in…
Creating Passive Income in Your 50s: Learn to Earn in Your Sleep
We shouldn’t have too many worries in our 50s. In fact, our main concerns should be improving the lives of our loved ones and how to enjoy our wealth. However, too many people struggle financially in their 50s. To put it bluntly, you are behind the power curve if you depend on a job for…
Creating Passive Income in Your 40s: Learn to Make Money in Your Sleep
We should all strive to become financially sophisticated in our 40s. Financial sophistication includes knowledge of taxes, business, interest rates, leverage, real estate, and dividends. The ultimate goal of this financial sophistication is to create passive income that arrives in our accounts while we sleep. This passive income frees us to make even more money…
