Tag: retirement
Dividend Investing 101: What Are Dividends?
Have you ever wondered how rich people always seem to make money, even when not at work? This magical existence is what we call “passive income.” One of the major types of passive income is dividends, along with rents, royalties, and automated business. But what are dividends, and why should you care about them? You’ll…
Saving is Defense: Investing is Offense
Do you know the difference between saving and investing? What is the difference between having $100,000 in a high-yield savings account (HYSA) and $100,000 in an income investing portfolio? Once they get out of credit card debt, most people become savers. Saving comes naturally because you have complete control of your money—there are no risks.…
Saving & Investing 102: What is Your Relationship with Money?
The most essential ingredient to building your wealth is your relationship with money. I hear you thinking, “But money isn’t alive.” Money isn’t what you think it is—it reflects value. The more value you give, the more money you will receive. Welcome back to the Saving & Investing 101 series (101), where we start the…
Saving & Investing 101: What is Your Risk Tolerance?
I talk to many people who cannot even fathom moving a portion of their money into a high-yield savings account. They fear the thought of not walking into a brick-and-mortar bank to handle their transactions. Other people I know put everything they had into cryptocurrencies back in 2021. They lost nearly all of their money…
Rents Go Up: Which Side of the Equation Are You On?
Rent prices across the United States and the world will continue to rise. There is little we can do as the average consumer. Once institutional investors, foreign interests, and the Airbnb crowd entered the real estate game, it changed the landscape forever. So how do we become homeowners in today’s environment? Even better, how do…
Personal Loans vs. Credit Cards: Which is the Best Lifeline?
I hate credit cards with a passion, although I’ll admit they are a necessary evil. There are just too many random events that can occur, especially when you have a family. Personal loans are a much better option than credit cards, but they require you to keep a tight handle on your spending. Most of…
Become Middle-Class PLUS: Insert Growth Multipliers into Your Life
Most people fear becoming rich. Somewhere along the lines, they adopted a belief that rich people are bad; therefore, they avoid the path to wealth. However, it’s still not wrong to make a little more money. The problem is that most people cannot fathom earning income outside of a 9-5 job. Most times, people’s jobs…
Income Investing vs. Inflation 2
Inflation will stick around for 5-10 more years, so we must fight it at all costs. If your income leaves you behind, expect to have a challenging decade. Income investing is my favorite way to combat inflation because of the level of control it gives you. Each dividend you earn gives you a choice between…
Inflation Ate My Paycheck 112: Inflation for Longer
Now is a great time to be alive, although it may not seem this way. America and most countries are experiencing high inflationary pressures from all sources. However, you have all the tools at your disposal to combat inflation and continue to grow your net worth. Welcome back to the Inflation Ate My Paycheck Series…
Leaving the Workforce in 10 Years: For Families
How can you possibly exit the workforce with an entire family in tow? Well, it’s more than possible if you put your mind to it and commit as a family. I should know because my family is leaving the workforce this year. My wife (39) has already stopped working, and I will retire (42) in…
Start Your Season of Saving: Let’s Save $100,000
Do you believe that $100,000 is a lot of money? Can you envision you would ever have this amount of money in your high-yield savings account? If you think this is a lot of money, that is your first limiting belief. If you do not believe you can save $100,000, that is your second limiting…
Leaving the Workforce in 10 Years: For Couples
In a fantasy world, two people working together should quickly free themselves from the workforce. In reality, we all have major money issues and traumas that prevent us from seeing clearly. Thus, freeing ourselves is extremely challenging, and doing it as a couple is almost impossible. There is hope. However, there is hope. As long…
How to Channel the Velocity of Money and Take Control of Your Financial Outlook
How do rich people get rich and stay rich? They always keep their money moving in new and unique directions. When we lack financial education, we think that saving money (even in a high-yield savings account) is the terminal location of our monetary needs. However, we need to use our money to create money continually.…
Leaving the Workforce in 10 Years: For Singles
The great part about being single is that you single-handedly control your destiny. The bad part is that you are all alone. However, you can easily free yourself from the workforce when you are single. All you have to do is start from the end. Dreaming up your retirement. Most people dream of retiring in…
Life is a Math Game: Learn It or Struggle Forever
How did you do in high school math? You’ll need to revisit your old math books if you didn’t do so well. Life is a math game with emotions running on top. If you can solve your unique math puzzle, you have a much better chance of having successful relationships. Math comes into many aspects…
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…
Scarcity vs. Abundance: The Difference Between Rich and Poor
Do you think there is enough money in the world for everyone to be happy and content? Do you have grace for every dollar you receive? To become wealthy and ensure the well-being of your bloodline, you’ll need to have a great relationship with money. Unfortunately, most of us start with a terrible relationship with…
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…
Become Debt-Free and Stress-Free
We all live with varying levels of stress. Most of it comes from financial hardship or being in debt. Being in debt is not fun at all. You constantly worry about an emergency that can shatter the life you worked hard to build. But, it is possible to get out of debt. I did it,…
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…
