Tag: starting a business
Which Asset Class is Right for You? Real Estate, Stocks, Business
It’s decision time. It’s time to get off the sidelines and jump into the world of investing. Luckily, there has never been a better time to wade in the water. Why is investing so vital to your financial lifestyle? The average person cannot outpace inflation unless they invest their money. Therefore, becoming an investor must…
The American Dream Costs $10 Million: How To Get It at a Discount
The American Dream costs $10 million, which is a lot of money. In fact, most Americans will never achieve that level of wealth. However, when things are expensive, we can wait for a sale. In this case, we can redefine our dreams and go about reducing the costs of achieving them. Today, I want to…
Becoming Rich is about Critical Thinking: And Budgeting
Do you want to become rich? Outside of hard work and determination, critical thinking is perhaps the most essential part of your journey toward financial freedom. However, let me warn you: schools and (most) parents do not teach critical thinking. Instead, you will have to build your brain (through reading) and mindset (through action) on…
Living Overseas on Passive Income #1: Dividends
I never heard of passive income until I visited Turkey in June 2019. While I was there, I got the idea to retire overseas. However, how would I earn income? There is no reasonable way for an American to work in Turkey and earn a living. Therefore, I would need to bring my own income.…
Is $100,000 a Year the Magic Happiness Number? How Much Do You Need to be Satisfied?
Earning $100,000 per year used to be the gold standard for hard-working adults to strive for. Once you hit this milestone, you were officially “wealthy.” However, things have changed over the years (especially since inflation). People now believe they require more than $100,000 to survive and thrive. But, is that truly the case? Three years…
Become a Capitalist in One Hour: Convert Free Time into Free Cash Flow
Have you ever wondered why some people always seem to have money? Sure, they could be in credit card debt; however, a rare few actually know what they are doing. If you intend to have a successful financial life, you’ll need to become a capitalist. However, capitalists are made—not born. This brings me to the…
What is Your Dream Retirement 2? You Can Make It Happen
When did we stop dreaming about retirement? As a nation, the media convinced us that we can never retire. However, that’s not the case. Retirement is available to everyone, but it requires an enormous amount of work. So much work, in fact, that most people decide not to do it. But retirement isn’t about leaving…
Passive Income Requires Massive Work: You Didn’t Think It Would Be Easy, Did You?
We all want to lead a fantastic life; a life filled with adventure, travel, and fun. However, most of the time, we fill our lives with duty, responsibility, and work. How do we begin to live the life of our dreams? The fastest way to change your lifestyle is to prioritize the importance of time…
The Spiritual Journey Toward Financial Freedom: Are You Ready to Commit?
The road to financial freedom is a spiritual one, not a financial one. Sure, it involves numbers and percentages, but emotions play a much larger portion of the journey. They raised us from the beginning to be debt slaves, that serve at the mercy of the God of Consumerism. To be financially free, you must…
The Magic of Cash Flow 2: How to Create Wealth
We all love having money flow through our hands, right? Then why is it so difficult for us to understand the concept of cash flow? The primary reason is that our parents and teachers taught us to look for a job. Looking for a job shifts the responsibility of our cash flow from us to…
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…
I Achieved Work-Life Balance: I Stopped Working
Why do we work? Every human should want to be productive and add value to society, but can we achieve this by working a corporate job? In essence, we work to pay bills. Along the way, high-paying jobs lead to high-flying lifestyles. Someone convinced us to work until we were 65 years old. The Industrial…
Paying Your Car Note with Mortgage REITs: It’s Time to Pay Your Bills with Dividends
I hate having a car note; I hate it with a passion. However, the Marine Corps placed me in a bind, and I had to purchase a used car on the fly (in 2022). Luckily, I have my trusty dividend portfolio to assist me in making this payment. The magic of income investing is you…
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…
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…
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:…
Your Net Worth Should Increase 10% Annually: Or You Risk Falling Behind
How do the rich become richer? Their assets grow faster than inflation. We must all learn to harness the power of asset growth to ensure we pass along a great life to our children. A couple of days ago, I wrote an article about increasing my income by 10% annually. Today, I will concentrate on…
Your Income Should Increase 10% Annually: Or You Risk Quickly Falling Behind
When did our salaries become the deciding factor in our lifestyles? Why should our bosses dictate how we live our lives? Americans were an entrepreneur class of businesspeople, farmers, and traders. As we moved into the industry age, we began depending on our employers to “facilitate” our lifestyles. However, wages can’t keep up with cost-of-living…
My Three Favorite High-Yield Savings Accounts: Get Paid While You Save
Most Americans realize the importance of saving money—whether they choose to save is a different story. Saving is a mechanism we put into place to protect ourselves from emergencies while also preventing us from using our investment accounts. I always tried to save early in my adult life—to no avail. However, in 2019, I started…
The Options Wheel vs. Business Development Companies: The Most Hardcore of Income
The most essential part of your financial plan is cash flow; without it, your plan will fail. Cash flow allows us to make decisions based on the amount of money “moving” through our hands, not “sitting” in a bank. But how do we increase our cash flow? We can get a promotion at work or…
