Tag: kindle unlimited
The Magic of Trading Long Strangles: The Best Passive Options Trading Technique
Have you ever dreamed of creating a money machine? Well, the secret to getting rich is finding a way to generate out-sized returns—and continually repeating the process. I stumbled upon trading long strangles through my options trading journey. The returns have been magical. I am still waiting for the downside to show its face. In…
Income Investing for the Win!!
Have you ever felt totally in control of your life? Have you ever felt that you can handle any and every problem that comes your way? That’s how I feel nowadays. But it wasn’t always like this. Less than five years ago, the world told me what to do, and I followed. The world bullied…
What is Financial Awareness? And How It Can Make You Rich
Most people don’t understand they can’t afford the lifestyle they lead. Our lives involve more than having enough cash to cover expenses. To build our dream lives, we must navigate through a plethora of financial options, all dealing with the past (debt), present (savings), and future (investing). Financial Awareness is the ability to visualize multiple…
Traveling to Istanbul on Passive Income: #1 Converting to a Passive Income Lifestyle
Turkey will always hold a special place in my heart. Here, I determined that if I wanted to live my dream life, I would have to make some drastic changes. Our first trip to Turkey was in June 2019, when my wife and I struggled financially. In fact, my wife had to quit her job…
Thanksgiving: A Time for Grace and Passive Income
What a wonderful time to be alive and enjoying the Thanksgiving holiday season. What are you thankful for this year? I am blessed to have retired from the Marine Corps this year—24 years later. After many years of being away, I finally came home for good. I am also thankful to have learned the ways…
Tired of Being Broke, Behind, and Bullied? It’s Time to Become a Capitalist
I remember when I first made $100,000 in a year. I believed all my financial problems would disappear after hitting that magical number. However, in reality, my financial issues were worse than ever. I had $70,000+ in credit card and automobile debt, and I couldn’t take my family out to eat without using my credit…
It’s Time to Purchase a Certificate of Deposit: The Magic of High-Yield CD Reinvestment
I just received an email from Discover (where I have my high-yield savings account) offering me 5.20% interest on a 12-month certificate of deposit. It’s been a long time since CD yields were this high, and I fear they won’t last much longer. I personally have a higher risk tolerance than most, so CDs aren’t…
Building Generational Wealth: Via Dividends
Should our kids have to start from scratch? People say how wonderful it is to become a self-made individual, but is that what we want from our kids? My parents didn’t give me a head start financially, so I spent years treading water. I could have spent these years building upon what they created—if they…
The Perks of Becoming a Capitalist
I spent over twenty years thinking like a government employee. There is nothing wrong with working for the government and providing for your family. However, although the wages were reasonable, my financial situation stayed the same from age 18 to 38; I always seemed to be in debt or broke. My wife and I are…
How to Control Your Spending 104: Implementing a Daily Budget
We don’t realize how much marketing we receive throughout one day. Even worse, social media has helped average people market to one another—no evil corporations required. Therefore, it’s not a question of whether we spend money but how much we spend. With that in mind, let’s find a way to spend but remain under control.…
Treasury Bonds vs. Options Trading: Graduate to the Next Phase of Investing
We rarely get to compare two completely opposite things—usually, there is no point. However, let’s make an exception in this case because both investment vehicles can help us reach our financial goals. Buying treasury bonds and trading options are about as far apart on the risk totem pole as possible. Treasuries give investors a risk-free…
How to Control Your Spending 103: Developing a Hardcore Budget
There are only two ways to become rich: lower expenses or increase income. If you can reduce your costs as you add more cash flow to your bottom line, you have a good chance of becoming wealthy. But how do we lower our expenses when inflation wreaks havoc on our budgets? The answer is to…
How to Control Your Spending 102: Using the Envelope System
We kids teach kids how to spend using the envelope system; however, adults can use this system as well. The envelope system gives us a better way to visualize our spending and income than debit cards and online banking. But who should use the envelope method, and how will it benefit them in the long…
If You Don’t Have Money: Don’t Buy Anything
“If you don’t have money, don’t buy anything.” Seems like a simple mantra, right? So, why is it so difficult for us to stop spending? The good news is that it’s not just you who cannot stop spending. The bad news is that you are 100% in control of your actions. Spending has become a…
Pumpkin Spice & Royalties 3
How does it feel to earn money while you sleep? Quite good, actually. Every night I sleep, my 1000+ books on Amazon go to work to produce cash flow for my household. This cash flow is even more vital to my overall game plan during the winter season. Fall brings in the season of giving,…
Happiness Isn’t Free 3: Happiness Comes from Measured Sacrifice
Everything has a cost. Your life will open up as soon as you live and breathe this mantra. You can have everything you want in this world if you pay the price. The question is, what do you want? If you attach your happiness to “things” and “stuff,” you will have a difficult time being…
Income for Retirement: Understanding High-Yield Dividend Stocks
Retirement can be scary because you lose the safety and security of receiving a monthly paycheck from your company. What if you could still get monthly paychecks from Fortune 500 companies during retirement? We need a high level of income to satisfy our financial needs during retirement so we can invest in companies that pay…
Income for Retirement 5: Understanding Business Development Companies
America is the land of small business. When small businesses thrive, so does the American economy. We need to leverage these small businesses to build income for our retirement. Picking small-cap stocks can be tricky. You must do a lot of research to stay on top of small companies as the media covers them less…
Income for Retirement: Understanding Dividend ETFs
I love being a hands-on dividend investor and picking individual stocks along the way. Reading stock market news every night before bed gives me great pleasure. However, most people don’t want to spend this much time and effort to get great returns from the stock market. Everyone needs income for retirement, so what can more…
Income for Retirement: Understanding Mortgage REITs
We all need some bonus income throughout our retirement. Wouldn’t it be nice to have an extra $200 to $400 arriving in our checking account every month? Mortgage Real Estate Investment Trusts (mREITs) make great sources of bonus income. Of all the types of income investing products, mREITs are the toughest to master. Welcome back…
