Tag: retirement
Don’t Gamble Your Retirement Away 3
Here we are again, talking about my favorite topic, retirement. I always have some form of retirement thought process flowing through my mind. There is so much to prepare for, but the main thing that crosses my mind is money. This is the third in the Don’t Gamble Your Retirement Away series (part I, part…
Retire Early as a Well-Rounded Millionaire
On my path to becoming a millionaire, I have been learning a lot about what the concept of being a millionaire means. Honestly, anyone can become a millionaire—there is nothing inherently special about achieving this milestone. But, yet there is something extraordinary about reaching a million dollars. I define a millionaire as someone having $1…
How Much Do You Need for Retirement? Part I: Introduction
How much money do you need to retire comfortably? In typical American retirement language, they would give you some random lump sum amount of cash that you would need. Usually, they take 70% of your current income and multiply it by 25. For example, if I make $100,000/year, I would (by their standards) want to…
Retirement Planning at Any Age
Why is planning for retirement important at every age? Because you cannot move forward until you know where you are going. When you get in a car and have never been to the destination, what do you do? You enter the address into Google Maps and ensure you have a path before you get started.…
Planning for Retirement in Your 70s
Our 70s can either be a nightmare or some of the best years of our lives. If we have been doing it right, we have more than enough money to last our lifetimes and our children’s lifetimes as well. As the book “Who’s Stole My Pension” states, we are now 100% in charge of building…
Planning for Retirement in Your 60s
Ah, our 60s are upon us, and times have never been better. In America, most workers focus on their 60s to retire, concentrate on themselves, and live the good life. I am built differently. If you have read my previous articles in the series (20s, 30s, 40s, 50s), you will know that in our 40s,…
Planning for Retirement In Your 50s
In our 50s, we should be beginning our descent into a slower life. However, I do not mean a life of less money. No, the goal is to have even more money. That’s why it is called passive income because we do the work upfront. Hopefully, we have been doing the work upfront in our…
Planning for Retirement in Your 40s
Hopefully, we will come into our 40s with an excellent financial game plan. If done correctly, we should already be debt-free and have cash flow going into investments. But let’s rewind and talk about how the 40s fit into our overall lifetimes. I am roughly four months into my 40s, and I feel great. I…
Planning for Retirement in Your 20s
Another day, another series. I love starting and finishing these mini-series because it gives me a sense of accomplishment. Today, we are beginning the Planning for Retirement Series. This series aims to help people to learn exactly what they need to focus on at a particular age bracket. The world is a busy place, and…
Planning for Retirement In Your 30s
As much as I would love for people in their 20s to get ahead and start investing, chances are they will begin to take retirement seriously in their 30s. My wife and I began to get our act together in our 30s and become debt-free before turning 40. There are many reasons for people to…
No Freakin’ Way I am Working Another 25 Years
Welcome to western world living. Here we are expected to spend our whole adult life in school and working, all the way to age 65. Well, I am going to be a rebel and refuse to play this game. How did I get to this point? I’ll explain. I am 40 years old and have…
Good Debt vs. Bad Debt
Being debt-free is one of the best feelings in the world, especially as a family of four. Any family person knows that running a household, especially in America, can be super expensive. It is a blessing to be able to manage our home on cash flow alone. By the way, we have $800,000 of real…
Happy Cash Flow Retirement
What an exciting title- to a fantastic proposition. A cash flow retirement is entirely different from what mainstream media would like us to have. Conventional wisdom would have us save an arbitrary amount of money, say $1 million, and then live off this money by withdrawing cash. In this scenario, you SAVE $1 million by…
Cash Flow 102: Creating Passive Income for Retirement
Creating passive income is the reason why my website and books exist. Consider this article a way to get back to our roots and boost our motivation for ensuring we have the best retirement we can build through hard work, education, and planning. The strategy I use for retirement planning is my plan called Retirement…
Cash Flow 101: How Much do You Need For Your Dream Retirement?
I want to be very clear; we aim for the most significant number we can dream of. Most people do the exact opposite of this. They retire and see how much money they have coming in; they tailor their lifestyle to fit inside this amount’s confines. Your lifestyle, when living within a small retirement, is…
Are You Retiring To Something, or Retiring From Something?
I cannot wait for my retirement! I have so many goals and interactions to look forward to that it is almost insane to think about it. Work is holding my life back from its highest potential. However, it is prudent to stick around in the workforce until a stable retirement is guaranteed. So I wait…
Don’t Gamble Your Retirement Away
Let’s take your retirement nest egg and head down to Las Vegas. I am feeling lucky and there will be a full moon out tonight. Let’s let it ride, bet on black, and put it all on number 23. Does this sound like something that you would want to do? It sounds like a horrible…
Taxes 102: The Business Mindset
In Taxes 101 we talked about the three types of income. Now it is time to put ourselves in an even better financial situation. I want to briefly speak on the differences between an average individual and a business. Indeed, only people with the utmost financial education can leverage a business to the fullest extent.…
My Retirement 4-50 Update #3
My retirement 4-50 plan is our goal to be work-optional by age 50. It consists of 4 retirement income blocks. Retirement 4-50 is based on cash flow. My goal is to have a total of $6,000 a month cash flowing from each block (total $24,000). The blocks are retirement income, investment income, rental income, and…
My Grandkids: Why I Will Never Work for Anyone Ever Again
I will never ask another adult for permission to see my grandkids. I will never ask to take two weeks’ leave in order to go visit my kids and their children. I will never feel the burden of having to go back to work after visiting family. Those days are over before they began. Besides…
