Joshua King
Author
Series
Language
English
Description
Living below your means gets a lousy repetition. People believe this means you can't buy Starbucks, eat out, or go on vacation. LBYM simply means you live a couple of notches below your income level. If you earn $6,000/month, you try to live on $4,000. We call the extra money cash flow, and it is the heart of your household. We use the additional income to save and invest. Saving and investing have different purposes, but all lead to the same results....
Author
Series
Language
English
Description
Do you fear you could lose your job during the next recession? Having only one source of income can be pretty risky. Whether you lose your job or not, you'll need to create another revenue stream. Why not start an online business? An online business has the potential to reach a massive worldwide audience. The more people you serve, the wealthier you become. However, building an online presence takes time to compound and grow. Do you have the grit...
Author
Language
English
Description
Many people are quitting their jobs and are silently putting less effort into their tasks. These movements sound great on paper, but what lies underneath the surface?
How does it look when you are 40 years old and don't have a career? Will you have the resources to provide for your family?
The timeframe between the age of 24-35 is vital to building your status in the workforce. The harder you work here, the less stressful you will be from age 36-50.
I...
Author
Language
English
Description
Do you crave the feeling of being wealthy? Is it too tough to get ahead in your major metropolitan city? Maybe you should take your huge salary and move to a small city? But, small towns usually don't offer large wages, so how do you make the transition? Passive income is the key to success. Build massive streams of passive income BEFORE moving to a small city. Living in a town can give you all the benefits of being in America while letting your passive...
Author
Language
English
Description
We made it to our 70s, so congratulations to us. However, we still have much life left, so we need income.
Our top priority is protecting our capital at this age. However, we can use bond interest to invest in higher-yielding securities.
We should also attempt to build generational wealth by investing in Series "I" Bonds for the grandkids.
Finally, we need an active income component to our lives, or we will succumb to inflation. We can walk dogs,...
Author
Language
English
Description
Wouldn't it be nice to have a self-refilling debit card? Well, it's here in the form of the Cash App debit card. Within the Cash App program, you can invest in dividend-paying stocks. The dividends from these stocks transfer directly to your Cash App spending balance. So, you can be shopping, receive a dividend, and immediately spend that money before you leave the store. It's a great way to live, and one my wife and I have lived in for over two years....
Author
Series
Language
English
Description
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...
Author
Series
Language
English
Description
America is expensive. So what if we took our well-deserved passive income and moved overseas? Could we find happiness away from the glitz and glamor of the USA? I believe that we can lead extraordinary lives overseas and find interesting people and places. I know that my wife and I plan to spend significant time overseas in Turkey. Welcome to the Living Overseas Passively book series, where we will prepare ourselves to live overseas, entirely on passive...
Author
Language
English
Description
I tried the standard way of getting rich for 20 years. I climbed the corporate ladder, bought used cars, and ate almost exclusively at home. This method still left me and my wife $77,000 in debt. However, once I discovered income investing, my fortunes turned for the better almost instantly. You see, I earn money all day, every day. I receive dividends, which are gifts from heaven. It's the definition of "free money." Income investing allows me to...
Author
Language
English
Description
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...
Author
Language
English
Description
We all want to teach our children healthy money habits. Even better, we want them to grow up and be able to give, save, and invest. There are two main methods in the media: staying debt-free and becoming a capitalist. They each have their time to shine in someone's life. I tried the debt-free way of life and could never get ahead financially. It wasn't until I became a capitalist that I enjoyed having extra resources. You can't run a household without...
Author
Series
Language
English
Description
We should be winding down in our 50s-less work with more cash flow. Does this sound impossible? If you have your money working harder than you, you can achieve success without much effort. But this takes passive income. Of course, we want to utilize closed-end bond funds to receive a high income and replace our paychecks. But we also want to buy Series "I" Bonds for our kids. These bond nest eggs will ensure our kids earn passive income in their 30s...
Author
Language
English
Description
Times are looking good for savers and bond investors. Yields are moving upwards, while dividend yields are also increasing. However, this excitement comes at the cost of economic stability. With rising rates, the housing and stock markets may crash. We must be more prudent than ever when investing our hard-earned dollars. And there is no safer place to invest than with US Treasuries. Series "I" bonds yield over 9%, but for how long? Is grabbing 30-Year...
Author
Language
English
Description
Becoming wealthy isn't about accumulating enough money to secure our freedom. It's a journey we must travel through the three stages of wealth. Debt is the first stage where most of us start our journey. Our goal is to control our urge to spend by budgeting and finding happiness outside of money. Saving is the next stage. Here, we focus on protecting what we built through growing an emergency fund and a large savings account. Investing is the last...
Author
Language
English
Description
I released my first book in January 2021. My goal was to put 1,000 high-content books on Amazon over five years. After 2.5 years, I have 930 books. My goal has shifted to content marketing to push the sale of these books. I will always continue to keep releasing books, as they are the best advertising for your old books. But I also use my blog, Medium, and LinkedIn to funnel people to my paperbacks. Writing is my long-term passive income plan, along...
Author
Series
Language
English
Description
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....
Author
Series
Language
English
Description
Would you buy a $25 gift card for $20? The magic would be when you redeem it for $25. What if you could receive dividends before you redeemed the gift card at a profit? That's the magic of preferred shares. The typical par value of a preferred share is $25. You can find them at great prices like $18, $19, and $20. Once you purchase them below par, you will start to receive dividends. Once the company decides to call the preferred share, it will pay...
Author
Series
Language
English
Description
I once believed you could survive in the workforce long enough to build a truly passive retirement. Let's say this takes 25 years. However, the workplace has degraded into a circus we must avoid. Using a combination of active and passive income, we should aim to be free in 15 years. Lowering our housing costs is the number one way to free ourselves. Once we determine our required household income (say $6,000/month), we can work on replacing it. By...
Author
Language
English
Description
US Treasuries are a safe haven for institutional and retail investors. You can use them in many different scenarios to ensure your money continues to grow. Treasury Bills are the shortest bonds that the US Government offers. They come in durations of 4, 8, 13, 17, 26, and 52 weeks. T-Bills compete directly with high-yield savings accounts and certificates of deposit for your investing dollars. What makes T-Bills stand out against other short-duration...
Author
Language
English
Description
Our mom will probably receive a windfall as she ages. This can be from an inheritance, an insurance policy, downsizing her house, or cashing in a 401K. She will automatically turn this money over to a financial advisor if we don't know anything about investing. However, who is in a better position to ensure the family's financial longevity? You or a financial advisor? Therefore, we need to learn about high-yield savings accounts, savings bonds, 30-Year...