Joshua King
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Why does each successive generation have to start from scratch? Wouldn't it be better for them to begin life with income-producing assets? That is the mindset of building generational wealth. Wealth isn't just gifting your kids your home or 401k. Generational wealth leaves your family income-producing assets AND the information to implement, maintain, and grow these investments successfully. You can start thinking about generational wealth today....
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In December 2022, my wife and I received $565 in special dividends from three closed-end funds. This money is life-changing because it represents the path to true wealth. To become rich, you must utilize your brain as much as your body. Building passive income is the ultimate achievement outside of keeping your family together. Special dividends are another added benefit of earning money while you sleep. I prefer income investing because it puts money...
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Many people fear the stock market, while others jump into stocks but stick purely to index funds. Index funds are excellent investment vehicles, however, they leave you in a curious position during retirement. How do you liquidate your index funds to create income? I prefer to live on dividends while keeping my portfolio intact. I don't have to sell shares of anything to generate income. Can I have the best of both worlds? Can I invest in index funds...
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Life is full of tough choices, so I present another one for you to mull over. USDC and Series "I" Bonds currently offer yields over 9%. Where should you invest your hard-earned money? Inside, I go over why so many people value having a large stash of USDC. Also, we look over the historical yields of Series' "I" Bonds. These high yields won't last long; however, their safety is unwavering. Of course, as investors, we want to diversify into both of...
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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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TSP is almost sacred amongst the government and military crowd. Rightfully so, TSP does give us great returns and superior management. However, does it give us the control and flexibility of having a brokerage account? Once you reach the limit of government matching, should you open a brokerage with your remaining investment funds? It depends on how involved you want to be with your portfolio. If you want to close your eyes, TSP is still your best...
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The 30s are the toughest decade of our lives. It's like going through high school and college again. There is so much going on that saving and investing are difficult. However, we must persevere. Our 30s are a great time to invest in Series "I" Bonds because they can double as an emergency fund in a pinch. We should also set a goal to build a $300/month dividend portfolio to assist with the little things in life. We can survive and thrive in our...
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Should you use margin to amplify your investment returns? No.
Margin increases the chances of you losing big money, really fast. If you get a hot tip and don't have the cash, don't execute the trade.
There are safer ways to increase returns, such as selling covered calls and cash-secured puts.
You also can take a loan against your assets to diversify with a business or real estate.
There are many options to create a portfolio of cash-producing...
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Many people's dream (including mine) is to run off to a homestead and live a quiet life. Unfortunately, even quiet lives require money. So, we can either work a job or create income from the dirt. Gardening is a great way to supplement our life on the homestead. But it would be even more effective if we recreated recurring passive income from our gardens. Enter preferred shares. These securities can get us returns over 10%, keeping our money flowing...
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Many of us are sitting on a ton of home equity, but what are our options? Using math, we can build great strategies using our home equity as leverage.
A cash-out refinance is not for the faint of heart, nor should we take it lightly. Our highest priority is protecting our families from financial harm.
We can use our home equity to diversify our portfolio in many asset classes-these income dividends, bonds, commodities, cryptocurrencies, royalties,...
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Are you in credit card debt? Are you "sick & tired" of being "sick & tired?"
Well, there's no easy way out of credit card debt, but there is a path forward.
The most important aspect of paying off credit card debt is finding the reason you are in debt. Something is bleeding your pockets dry, and once you locate it, you'll have a good chance to destroy it forever.
The culprit could be your mortgage payment, car payments, or just plain over-spending...
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What do you want for Christmas? How much does it cost? Wouldn't it be nice to have a never-ending stream of income to pay for it? Welcome to the land of Closed-End Funds (CEFs), where we create our own income streams by investing in the stock market. We grew up thinking that working hard for money would set us free. However, ultimately, having our money work hard for us is the true path to financial freedom. Closed-end funds work for us by receiving...
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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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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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Investing doesn't mean you have to jump headfirst into the stock market. We can build an excellent portfolio using only interest from debt. Treasuries from the US Government are a great way to earn a return on your investment dollars safely. Remember, low risk equals low return. Since treasuries are low-risk, you won't get great returns. But sometimes, safety is its own form of return. Combing treasuries with a high yield savings account, "I" bonds,...
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Adjustable Rate Mortgages get a bad reputation in the investing community. But do they desire all the hate and discontent? Yes, yes, they do. For 97% of homebuyers, ARMs are a lousy solution to any problem. They create far more pain than they prevent. Once the "teaser" rate on an ARM expires, the loan can adjust the interest rate every year. And in some cases, every six months. Can you imagine your mortgage interest payment shifting every year? It...
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Being in debt keeps us up at night, as does inflation. When our money doesn't grow as fast as our expenses, it makes us worry. We have to proactively combat inflation and slow wages, which allows us to form a better outlook on life. The best thing we can do for financial security is learning to make money 24 hours a day. Exchanging time for money limits our ability to make money while we sleep. However, when we have assets, they can work for us all...
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The act of saving money is difficult for most human beings. Becoming an investor takes a level of confidence and foresight that most will never possess. How do you go from a saver to an investor? In short, slowly. That's right; you gradually build your trust in the markets. Congratulations if you have bought at least one Series "I" Bond. You have done more toward your financial well-being than most. But, you will reach an annual limit with Series...
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On our journey to become bonafide investors, we must understand the concepts of debt and equity. Debt fuels the economy. In fact, the bond market is much larger than the equity (stock) market. But when should you take a loan for a business versus issue shares? That's a good question. Each scenario and situation is different, but knowing the pros and cons of each is vital to making great decisions in business, real estate, and investing.
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Everywhere you look, you can find places paying you 5% interest on your deposits. However, this won't last forever. If you want to guarantee a great return over a long period, look no further than Series "I" Bonds. The government determines rates on Series "I" Bonds from inflation data, not current interest rates. This means that if inflation rises faster than rates, as it did in 2022, Series "I" bonds will be the best place to store your money. If...