Tag: retirement
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…
Balanced Books: Living By a Harcore Budget is Empowering
When you level up your budgeting game, you will instantly see the results in your confidence and bank accounts. Most people do not live on a budget at all. They simply funnel their money into their direct deposit account and try to have one dollar left at the end of the month. If you take…
Struggle-Mania 2: Is Your Mindset Keeping You Down?
I’ve met thousands of hardworking people in the military over my last 24 years. However, a select few will ever truly get ahead in life. To clarify, “getting ahead” means they will not worry about money. Our ability to handle cashflow keeps a constant stress on most of us. Yes, we will always need 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…
The 30-Day $1,000 Emergency Fund Challenge
I remember not having a $1,000 emergency fund to my name. Those were not fun times, especially as a person with a family. However, over the years, I started to get my act together. I began to budget my money and consume less; now, I have $300,000 in liquid assets. Start with $1,000 first. The…
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…
The 401K Lie: Saving 10% is a Fool’s Errand
Have you ever been flush with cash? Have you ever received random amounts of money that you truly do not need (or want) to spend? Well, this is my life every day as an income investor. I invest for dividends that help me fund my lifestyle today (in my 40s) and tomorrow (in my 70s).…
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…
