Joshua King
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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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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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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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I love my Investing for Interest Series. I have spanned the globe with topics concerning building wealth via fixed income and interest. However, I haven't talked about Series "EE" bonds much. That stops today as I dive deeper into use cases for these savings bonds. Is there a scenario where Series "EE" bonds best my favorite Series "I" Bonds? I believe "EE" bonds are better long-term if you commit to the 20-year holding period. Unfortunately, whether...
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Saving is something that we don't learn naturally. It actually takes a lot of documentation to make saving a routine habit. Inside, I list my process of identifying and documenting all of your expenses on a spreadsheet. Then, over time, you reduce or eliminate these expenses and turn them into payments to your savings accounts. It's the same money, but it goes to different places. Eventually, you will force yourself to save significant amounts of...
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As we transition from savers to inventors, we must use the tools that investors use. One of those tools is a money market fund. Money market funds aim to keep their net asset value at $1. I think of them as checking accounts inside your brokerage account. They are great "holding pens" for your money as you transition between investments. As investors, we must keep our investment dollars close to the stock market. Therefore, money market funds allow...
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Are long-distance relationships as bad as everyone implies? Yes, they are tough on you and your partner. However, they can bring you closer together while building a better relationship overall. But this requires planning and hard work. The goal of your time apart needs to improve yourself while building the standing of the relationship. Create specific individual, relationship, and financial goals for your time apart, and work hard to achieve them....
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As parents, we are responsible for our children until the day we leave this Earth. Yes, this is a different mindset than when we were growing up. Unfortunately, the economics of life has changed. No longer can one person achieve everything in one lifetime-they will need help. It starts with making the tough choice between college, trade school, or the military. But this decision involves a significant factor-if you have a property for your children....
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As we look toward retirement, we will need multiple income streams to thrive without a full-time job. We can use writing to create multiple streams of income without investing too much overhead into our business. Becoming a writer is one of the best ways to start living as a digital nomad. Everyone should have a few books earning royalties on Amazon. Creating unique content by meshing together multiple topics is the key to becoming a successful writer....
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The school system doesn't create well-educated children. I'm not here to blame anyone because it's challenging to educate people in mass. This opens the possibility for educators to build their own tutoring businesses. But we are not aiming to exchange time for money. We can release blogs and videos teaching our various educational techniques. From these, we can build online courses and printables. Finally, we can do one-on-one tutoring, but it will...
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We have all the tools to create a comfortable lifestyle for ourselves and our families. However, these tools require knowledge. Some available income streams are our jobs, dividends, rental properties, royalties, businesses, and options trading. Options trading can be a highly emotional affair, but there are ways to mitigate the magnitude of each trade. Once we have a handle on what a risk-free return looks like (US Treasuries), we can use those numbers...
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The media will always place some form of manufactured stress upon the little people (us). We just need to understand it. Yes, there is real money at play. We are playing a high-stakes game with our bank deposits up for grabs. However, think of your money as a bar of soap-the more you handle it, the smaller it gets. The best advice is to stay invested, read intelligent articles and books, review historical lessons, and take action only when you have...
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Do you want to work for 35 years to receive $3,000/month in social security benefits? That sounds like a bad deal to me. I would rather create a $3,000/month paycheck by age 45 and grow it into a $20,000/month paycheck by the time I turn 66. But where do you start? I choose income investing as my investing style of choice. It's not for everyone because it requires knowledge, research, and faith in the system. However, if you can understand the order...
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Bond investing is making a massive comeback. You can reinvest into higher-yielding products as you receive your coupon payments. I just received $17 of bond coupons and went shopping within my income investing portfolio. By first filtering your money through bonds, you can protect your principal at all costs. But, by reinvesting in high-yield products, you keep an income element in your portfolio-building multiple paychecks along the way. Good Luck!...
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When do you want to retire? Do you want to work until age 66? Most people nowadays do not want to work this late into life. But how can you retire earlier? What is the strategy to get from point A to point R (retirement)? It starts and ends with your savings rate. The more money you get into your investments, the faster your cash can compound and grow. Increasing your savings rate is easy; however, acquiring the proper mindset is challenging for the...
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You will own nothing and be happy! That's where the world is heading nowadays. We used to own CDs and Bluray discs, but now we stream everything. The same phenomenon is happening with housing. The bigwigs are buying all the properties in your neighborhood and renting them back to you. To own a home today, you can't be average. You have to do something extraordinary. For example, find a high-paying remote job. From there, move somewhere like Foley,...
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The "Quiet Quitting" and "Great Resignation" movements are all about caring for yourself and your mental health. However, the only way to achieve what you want in life is to be obsessed toward your passions, dreams, and goals. Your job was never intended to be your passion; it's a means to an end. You go to work to pay the bills, feed yourself, and ensure your family has resources. Your passion is what keeps you reading late at night. It's what you...
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I am here in San Diego against my will; however, that doesn't mean I can't continue to save and invest. It's tough to budget for success here in California. Living in a high-cost-of-living area requires a mindset that most people cannot fathom. First, I rent a room and drive a $17,000. Those two items are how I keep my expenses low from the start. Next, I give myself $50/day for food, gas, and miscellaneous items. I can stay under budget reasonably...
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There has been a lot of talk about thought leadership recently. You may have to become a thought leader to get to the forefront of entrepreneurship and business. But what is thought leadership, and how can you become a thought leader? Thought leaders have their own unique vision and can articulate it clearly. But you cannot just get on stage and throw your opinions to the world. You must be well-read, clear, and concise. Reading, writing, and arithmetic...
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I got married and started a family at age 25; I then got into massive debt. What I needed was income. Creating an income-investing portfolio in your 20s is paramount to surviving the family phase of your life. The goal is to leave our 20s with a $1,000 per month of dividend income. That requires quite a large amount of money ($150,000 at an 8% dividend yield). To level out our portfolio, we can add savings bonds, treasuries, index funds, and dividend...