Tag: kindle unlimited
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…
Be Selfish Until You Become Selfless: The Road to Sustainable Dividend Income
We all want to donate to charity, give to churches, and help family and friends; however, all these endeavors come at a cost. As a young Marine, I helped my mom financially, not understanding that I was actually holding myself back in the long run. This article is for the many people who want to…
Creating Passive Income in Your 30s: Learn to Make Money in Your Sleep
I’ll be as honest as possible: your 30s are the toughest decade you will face. You will be challenged from every angle; work, marriage, kids, and housing will all play on your fears. However, this is also the perfect time to establish passive income streams that will last a lifetime. As you settle down in…
Creating Passive Income in Your 20s: Learn to Earn in Your Sleep
They told us to work hard and earn money but didn’t tell us how to allocate it. Moreover, they have enough advertising and marketing to ensure we misspend our cash. We may not have much wisdom in our 20s, but we sure have a lot of time. If we can make a few solid financial…
The Magic of Compound Interest: How to Harness the Magic in Your Life
How do you explain to someone that they can become rich? That they have the power to set themselves free from workplace stress and financial anxiety? I didn’t grow up with many resources, so I joined the US Marine Corps at age 18 in 1999. I served for 20 years, struggling to get my finances…
Make Passive Income: All Day Every Day
I was 38 years old when I came across the term “passive income.” I was 20 years into my career in the Marine Corps, and my finances were in shambles. My wife and I weren’t big spenders. We didn’t drive brand-new cars or renovate our homes. We simply did not have the financial information we…
Dividend ETFs vs. Asset Managers: The Best Place for High Growth and High Yield
We love to do things ourselves. However, sometimes, it is best to leave things to the professionals. Picking individual stocks can be challenging, especially when considering an unknown future. Luckily, we can access professionals by purchasing shares of dividend ETFs and asset managers. Both products offer high growth and high yields; however, they are unique.…
Index Funds vs. Bitcoin ETFs: The Best Growth Vehicle for the Future
Having growth in our portfolio helps us outpace inflation. Although we plan never to sell shares, growth products give us significant leverage by expanding the scope of our power. With the advent of Bitcoin ETFs, which trade on the stock market, we now have major decisions to make about which growth products will best serve…
Art Edition- The Biggest Book on Passive Income Ever 4!
INTRODUCTION 00 000 The Biggest Book on Passive Income 4 FINANCIAL MINDSET 01 001 Are We Living in Fast Forward? Things Have Changed Since 2020 01 002 Being Mediocre is Not Okay 01 003 Building Generational Wealth: Via Dividends 01 004 Building Generational Wealth: Via Real Estate 01 005 Create Money, Spend Money, Grow Money:…
Web Edition- The Biggest Book on Passive Income Ever 4!
INTRODUCTION 00 000 The Biggest Book on Passive Income 4 FINANCIAL MINDSET 01 001 Are We Living in Fast Forward? Things Have Changed Since 2020 01 002 Being Mediocre is Not Okay 01 003 Building Generational Wealth: Via Dividends 01 004 Building Generational Wealth: Via Real Estate 01 005 Create Money, Spend Money, Grow Money:…
Treasury Bond Face-Off: Savings Bonds, Treasuries, TIPS: Which Product Is Right For Your Situation?
Getting money into a savings account can be one of the most daunting tasks of your life. Even scarier is WHERE you decide to save your money. This scenario is why many people keep their money in a standard savings account, earning 0.01% interest. We can do better. We can repurpose our savings accounts into…
Trading Long Strangles vs. The Options Wheel: How Much Capital To Get Started?
It’s the clash of the titans: trading long strangles versus the options wheel. I started my options trading journey by selling covered calls, which is part of the options wheel. Over time, I started selling cash-secured puts to lower my cost basis on future shares. Together, selling covered calls and cash-secured puts comprise the options…
