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There is a new movement happened called quiet quitting. Essentially, you come to terms with the fact that your job is in second place in your life. This sounds great, but we all need to pay the bills. If you spend eight hours away from home, you may as well make the most money you can. Quiet quitting is about keeping your sanity as an employee. Your job will drain you of everything if you let it. However, once you learn about passive income, you'll...
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Who you choose to marry is the most important financial decision of your life-don't take it lightly.
The good news is that if you learn to control your finances, you'll find someone whose goals align with yours.
If you and your spouse can work together, love each other, and prepare for the future, these could be the best years of your life.
Finally, you'll have to pick a home you can afford while allowing you all to save and invest for your future....
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Living overseas is the dream of many Americans. Imagine waking up to a brand new country every day. However, most of us won't work overseas after we retire. So how would we survive? Well, we can live off of passive income. This is part seven of my series, where I discuss living overseas on passive income. Today, I will talk specifically about residual income from an automated business. Business is the wealth generator for many entrepreneurs, but it...
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Putting all your money into the stock market can be a risky decision. Sure, you can win hard when the market is up, but what happens during a downturn?
Fixed income, such as bonds, can be a way to level out your gains and losses. Only you can decide what balance works best for your risk tolerance, age, and retirement plan.
Knowing what fixed-income assets are available is the first step in descending how to utilize them best. This book series will...
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Saving and investing are similar yet vastly different. They both require discipline with money and budgeting. However, saving is for protection, while investing is for generational wealth and retirement. Just because you are a saver doesn't mean you can't get a return on your money. Now, more than ever, there are safe places to store your money while obtaining yield. In this book, I compare Savings "I" Bonds, Treasuries, and USDC to see where you...
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It's time to step up our Passive Income game. We are progressing into deeper topics today as we jump into income investing, REITs, and royalties.
A misconception is that you need a lot of money to get started with real estate. Nope. Real estate is a mindset. Having a roommate paying you $500/month is the same as owning a home that nets $500/month.
Income investing can be risker than dividend growth investing because the high-yield securities are...
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Inflation is upon us, so how do we defeat it? I guess we could work more hours at our job. Or better yet, get a second job driving Uber or delivering pizzas. That sounds like a great idea.
I was just kidding. Don't solve your problems by exchanging your time for money. Every time we do this, we'll have to work more hours to earn more pay. It's a hamster wheel that we call the rat race.
Passive income is the answer. We need to build passive income...
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Each year you are alive, life gets more expensive. This increase in resources comes from spending, kids, health, and inflation. Wouldn't it be nice to have your income increase along with your spending habits? Passive income is impressive because we can create as much as we like. By learning the ways of passive income, we can ensure we can generate income as our needs arise. However, just like picking an orange from its tree, passive income takes...
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Don't fall for the first-world country trap of celebrating before you become rich. Living a wonderful life on earned income seems to be the thing to do today. DO NOT DO THIS.
We need to establish passive income streams in the form of royalties, business automation, interest, dividends, rents, and cryptocurrencies.
As you build these income streams, you will become a very serious person. While everyone is on the water, you will be inside learning,...
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The most significant risk in your 60s is overspending on your family. We worked so hard to grow our income and assist our children, but our top priority is to protect our wealth.
We cannot make emotion-based decisions. We would love to send our grandkids to private schools or buy massive houses, but it may not be in the cards.
We have to make decisions based on facts and logic. Our choices affect the long-term health of our family for generations.
We...
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The deeper into Passive Income we dive, the richer we become. Knowledge is the ultimate form of currency, so we need to become innovative as hell.
Being able to create passive income from thin air is the ultimate goal. We can sell covered calls or buy tiny homes on a plot of land using leverage.
We can also farm coins on the decentralized crypto marketplace and sell NFTs that pay us royalties for their lifetime.
Whatever we decide to do for advanced...
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The world has undergone some changes. Long past is the days of working for the same company for 20+ years and receiving a nice pension. We have to survive on our own today.
The gig economy tells us that we can work how we like and grow if we want. However, it doesn't tell us how to build ourselves towards retirement. We have to create.
We need to create a business, a retirement, and a dream. It's all on us; nobody is going to save us.
The first...
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Well, credits cards aren't evil, people just misunderstand them. As investors, we need to leverage every option at our disposal. Credit cards, when we use them correctly, can have massive benefits. We can use them as tools for emergencies, creating cash flow and spending rewards on our wealth-building journey. However, please understand that our financial lives must be near-perfect BEFORE using credit cards. We don't ever want to get into credit cards...
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The world of education has come a long way since I was a child. We can credit the internet and technology to many of these gains.
So the next giant leap will be within the metaverse. How does education look in the metaverse? Who will be the next big player in the education space?
Similar to Chromebooks, it only takes an idea to have mass-market appeal. As entrepreneurs, we need to do a deep analysis of how the metaverse will affect the learning...
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My wife and I leveraged roommates for almost five years to get ourselves out of debt. We also built an extensive dividend portfolio that pays us $1,500/month. Now, we don't have roommates, but we use dividends and rental income to cover our mortgage entirely. Life is indeed excellent! Earning passive income is tough but even more challenging without a concrete goal. That's why setting your mortgage payment as your initial passive income goal is such...
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Times are rough, and the future only holds more pain. What can the average American do about inflation? When all else fails, it's time to return to the basics. We need to track and document every penny that comes into our household. There are only two ways to become wealthy-reduce expenses and increase income. As you create more cash flow, you must invest in dividend-paying stocks. Dividends are the key to living your best life. The more you invest,...
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Can you save $10,000 in a high-yield savings account (HYSA)? It is no easy task, but I believe in you. The first step is understanding why saving money is vital to our future. We cannot pause our lives with every emergency that arises. Next, we must understand that our emergency fund should not be used frequently or randomly. In fact, we should aim never to use these funds. Finally, we must create additional income streams to increase our savings...
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Are you ready to retire? Are you convinced you can be a better person if you don't have to commute to work every day? The first step to retiring early is determining how much it costs to run your household fully. Once you have this number, you are well on your way to changing your destiny. Now, it's time to replace your employment income with passive income. This part may take a few years, but each successive year becomes more enjoyable. We can replace...
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Are you starting a small business or online income stream? Have you considered creating and writing your own advertising and content? The world will tell you to hire out these services, and maybe in time, you should. But learning how to create and design will pay dividends in the long run of your business. It is not just about saving money but keeping your personality as a vital element of your business. I am a US Marine, yet I am learning how to...
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Are you new to passive income? Great! I was once new to those words as well. In fact, that was just a couple of years ago. Now, we just crossed $200,000 in our dividend portfolio, which pays us $700/month in income. You, too, can be a passive income champ, but it won't be easy. Do you like to read and study? I hope so. Do you love to spend your off-time building income streams? You better. Most people will never create a stream of passive income....
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