Tag: starting a business
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…
Pumpkin Spice & Royalties 3
How does it feel to earn money while you sleep? Quite good, actually. Every night I sleep, my 1000+ books on Amazon go to work to produce cash flow for my household. This cash flow is even more vital to my overall game plan during the winter season. Fall brings in the season of giving,…
The Three Stages of Wealth: Debt, Saving, Investing
There has never been a better time to understand money because it isn’t what you imagine. Most of us spend our lives dreaming of having more money, but we should focus on adding more value. As you better understand the value system, you’ll determine how money orients itself depending on the end user. There are…
Are You a Willing Contestant in the Rat Race?
Games are fun, especially when you understand the rules. Life is the ultimate game show because there is much at stake. Not only do we hold our lives in the balance, but also the future of our children. There is no better prize than financial freedom. However, we didn’t start the game of life with…
Money & Marriage: How to Retire Early as a Couple
The road to financial independence is more a spiritual journey than a financial one. You must understand who you are precisely and your purpose on this Earth. As a couple, the path to living on passive income is even more arduous. Now, two people must share one vision. The journey is usually too challenging to…
Make Enough Passive Income to Cover Your Mortgage
Life is good when you live for free. Housing is the highest expense in most households, and rightfully so—we all need a clean place to stay. However, mortgages and rents have increased faster than wages, especially since the pandemic. If you don’t keep improving your income, paying your housing costs will be hard. The best…
Pursue Your Creative Career with Dividends as a Backdrop
Our hearts crave creativity and expressing ourselves in the public eye. As kids, we loved to paint, color, and write; we loved to dream. As we grew older, the world became about earning money and finding a career we could use to support ourselves. I spent 24 years in the military, a great profession indeed.…
Your Wealth is Your Choice: You Have More Control Than You Think
We are moving towards scary times. Student loan payments are returning, rents are increasing, home insurance is sky-high, and food costs are outrageous. The world is applying pressure to the average American household, and things may look bleak. What’s the typical American supposed to do to beat the odds? When all else fails, return to…
Side Hustle: The Gig Economy vs. Entrepreneurship
We are moving into hard times and must all find ways to make extra cash. However, we need to be very intentional with how we spend our time. The term “side hustle” can mean many things when it comes to making money outside of your regular job. I want to explore which type of side…
To Change Your Life: You Must Change Your Life
“It’s about the journey, not the destination.” Have you ever heard that quote before? What does it mean to you?’ I only understood what it meant once I began my passive income adventure. My wife and I have come so far over the last 4.5 years. How did we start our journey? In January 2019,…
The Benefits of Starting an Online Business
How do you get to live your dream life? It’s easy; you do things that go against the norm. Working a 9-5 job is excellent for paying bills. However, you’ll need to think outside the box if you want access to additional resources. Starting an online business can be the key you need to unlock…
Life Begins at the Edge of Your Comfort Zone: Time to Take Control of Your Destiny
Every day in retirement is a gift—an amazing blessing from the heavens. However, these wonderful moments weren’t just given to my wife and I; we created them. You have to create the life of your dreams. At the intersection of knowledge and effort comes luck. To find your life, you must put yourself out there.…
My First Day of Retirement: It’s Time to Live
Can life truly be this good? I finally retired from the Marine Corps after 24 years, and yesterday was my first complete day away. It was a fantastic day. I accomplished so many things that I’ll just list them instead of discussing them. I did all this at my own pace without any rushing or…
