Tag: starting a business
Don’t Work Hard for Money 2; Work for Income-Producing Assets
Why do you go to work? Is it to pay bills or provide for your family? Do you go to fund your kid’s college tuition or purchase a home? These things are noble but may not get you the desired results. In fact, there is truly only one reason to work—at least at first. Why…
The 40-40-40 Plan vs. Happy Cash Flow Retirement
They told us that if we worked hard, were smart with our money, and planned well, we would have a great, exciting retirement. How is that working out for you? The 40-40-40 plan involves working 40 hours a week for 40 years and receiving 40% of your income during retirement. That was the plan they…
Reject the 40-40-40 Plan: 40 Hours Per Week, For 40 Years, For 40% Retirement
Most of us are halfway (or more) through our financial journeys, but it’s never too late to change course. The plan the experts sold us was never going to set us free. To become financially independent, especially before 50, we must travel a different path. To obtain assets, we must learn to leverage capital markets…
No Freakin’ Way Am I Working Another 25 Years part 4
I vividly remember my 40th birthday. I was in Okinawa, Japan, on a two-year unaccompanied tour away from my family. I was working hard to establish my writing and book publishing business. I had been in the Marine Corps for 22 years at the time. The last three years were the hardest because stress levels…
Retiring to a Small City and Living on Passive Income 2
Do you want to have the chance to retire in this lifetime? Even better, do you want to retire early, perhaps in your 40s or 50s? There has never been a better time to create a Happy Cash Flow Retirement, but it will take sacrifice. Your company no longer gives you a nice pension with…
Become a Capitalist: Retire Early
Pensions are gone, and they are not returning. You cannot depend on Social Security. Your 401K will only provide you enough income if you invest over $2 million. So, how the heck are you supposed to retire? There is only one way to retire early—through passive income. Becoming a capitalist is the only way to…
The Robots Are Coming: Time to Start a People-Focused Business
Your job may be coming to an end soon. In fact, most humans may not be working a job in 50 years. The laws of corporate profits dictate that companies reduce costs to maintain profits. For many companies, human capital (us) is their highest expense. And with some fast food workers in California now being…
5 Takeaways from “How to Day Trade for a Living”
“How to Day Trade for a Living” by Andrew Aziz is a powerful look into the world of day trading. Although I do not aim to become a day trader, I can transfer many essential skills to my love of options trading. Day trading is a brutal profession that can destroy most people who try…
The Biggest Book on Passive Income Ever 4!
How do some people get to live the life of their dreams? They get to travel where they want and buy whatever they desire. Their lives seem impossible to obtain, especially if you are in the nine-to-five daily grind. But I am here to tell you that you can remove yourself from the rat race…
Don’t Gamble with Retirement 12
What does retirement mean to you? After being retired for six months, I can tell you what it means to me. It means I don’t get anxious when I go to bed on Sunday night. It means that my most important meetings of the day are with my wife and kids. It means I prioritize…
Hustle Culture Represents the Erosion of the Family Unit: Build Passive Income as a Family
I’ve been watching lots of TikTok videos of people working multiple jobs due to inflation and high cost-of-living requirements. Sadly, working 40 hours at one job doesn’t provide enough income to support a person or family. However, there is still hope for the American Dream; it will just look different than you envision. Letting go…
Retirement vs. Financial Freedom: One is Financial; The Other is Spiritual
No one wants to work forever. As much as we love our careers initially, doing something for 30 to 40 years can tax our nervous systems. The idea of having multiple years in retirement is a relatively new concept. Before, people would work until they died. Once we moved into the city and began having…
America Will Never Let You Rest: We Must Achieve a 50% Savings Rate
Do you have the feeling that you are constantly running in place? That every time you make some progress, you have another financial setback? Welcome to America. Welcome to capitalism. The only way to get ahead in America is to become uber-rich. Yes, we can get ahead of bills by living below our means and…
New Year’s Passive Income Resolution 2024
2023 was a record-breaking year for our passive income streams; however, we will make 2024 even more lucrative and exciting. The magic of passive income is that it compounds itself every year. Once you get the income source going, it snowballs into a powerful stream that can change your life. How did my individual passive…
How to Raise Financially Intelligent Kids: Staying Debt-Free or Becoming Capitalists?
We all want to raise children who understand how to give, save, and invest; however, this is more challenging than it sounds. The world wants our children to become horrible money managers; many entities (banks, companies, lenders) can take advantage of adults with no financial intelligence. As we raise our kids, there are two predominant…
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…
Building Generational Wealth: Via Real Estate
Everyone knows real estate is a powerful way to build generational wealth. Not everyone knows exactly how to do it. Real estate investing can be more difficult yet simpler than you can imagine. One thing is clear: the more responsibility we take on as parents, the further ahead our kids will start. Let me explain.…
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…
Dividends vs. Royalties part IV: How to Earn $200 a Month in Passive Income
Living on passive income seems like a dream life, but in reality, getting started is anything but passive. Building an income stream takes a lot of active time, effort, and work. This is part four of my Dividends vs. Royalties series (Part #1, Part #2, Part #3), where I compare passive income from dividend investing…
Retirement Planning for the Average Person 6
It finally happened; my wife and I retired. I am 42, and she is 39, and life couldn’t be better. We both started with below-average resources, but we still arrived at this momentous occasion. So, what’s the secret sauce to retiring when you want, having a great income, and living your dream life? The secret…
