Joshua King
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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...
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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...
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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...
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Our 60s is when we cash in our 401Ks and Roth IRAs. However, we shouldn't buy a boat; we must generate income. To create cash flow safely, we must use the four pillars: safety, security, growth, and income. Income is my favorite pillar, but all pillars work together to ensure we protect the principal and experience growth. Once you build the first three pillars, you can let them grow independently. Then you can focus on your income-investing portfolio...
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90 to 95% of the workforce uses the "broke" money system. This cycle entails working, wanting, buying, and owning. The other 5-10% use the "investor" money cycle that entails budgeting, saving, investing, and spending. The key before between the two is cash flow. The "broke" use cash flow to buy liabilities, while "investors" use cash flow to purchase income-producing assets. And guess what? Income-producing assets (like dividends) produce more income...
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Most people will never become landlords. They do not like the idea of managing another human being. However, the more people we serve, the richer we become. We must maintain real estate to grow our worth and give our kids a fighting chance. I have been a landlord for over ten years; I own three properties. The stories I can tell you are over the top. Here are some lessons I learned along the way so that you can prepare for the fantastic journey of...
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This road trip will be my final as a US Marine. The last 24 years flew by in a blur of desert and humidity. Now it's time to live on the passive income I discussed for the last three years. Our first step is to use dividends to supplement my retirement income. Dividends are the most passive type of passive income. However, they require a massive cash outlay to produce a significant paycheck. Therefore we must start early and often to build an extensive...
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When you leave home at age 18, you most likely will start from the bottom. But what entry-level position do you want-at a job or as a YouTuber? When you enter the workforce, you get immediate income. However, over the years, you do not build assets that continue to grow. As a YouTuber, there is a massive lag between your work and the final payoff. However, you are growing a portfolio of assets you can leverage for your entire life. In truth, combining...
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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...
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Do you live in a major metropolis? Are you attempting to live the American dream there? How's that working out for you? With a slight mindset shift, you can actually live the American dream. No, not in Los Angeles or New York City, but in Bixoli, Mississippi. By retiring to a small city, you can live entirely on passive income. This means that no one controls your time. You can also forego the additional luxuries required in a big city, such as ultra-nice...
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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...
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Why do we need so much space? It starts with each of us getting our own rooms as kids; then it grows from there. However, if we can learn how to share space, we can be highly successful in this life. Better yet, we can be happy and financially free. It just takes a change in mindset. By living with parents or sharing a house with your sibling, both families can flourish. Corporations love when we dividend ourselves from one another; it makes them...
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Because of inflation, we will all need to supplement our earned income with additional income streams over the next year. Inflation will consume you and your family's budget if you do nothing. Now, it's time to think outside the box. The gig economy allows you to maneuver under someone else umbrella. These sites have pre-existing audiences eager to leverage your product or service. As an entrepreneur, you'll need to create a business from the ground...
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They teach you to work. They teach you to struggle. However, they don't teach you to enjoy life. Somehow, our lives have become about working for money, buying things, and upgrading to bigger things. Life is about paying it forward, spending time with loved ones, and growing your community. If you live below your means, you can quickly retire on passive income. Then you will have time to spend time with whoever you choose. However, they did not teach...
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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...
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My wife and I have been dividend investors for four years, which has changed our lives. But, not too long ago, we knew nothing about passive income. Dividends are an important first step to learning how to become financially free. I have five dividend portfolios, and my wife has four. Each brokerage has its unique take on how investing looks and feels. If you are looking to change your financial situation and, by extension, your life, then dividend...
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The world is changing as we speak. It is simply too expensive for the average person, especially if they work individually. We must bring back strong, vibrant communities-by sharing resources and exchanging services. For example, you could exchange eggs and dog walking with your neighbor. America started as a land of business owners and entrepreneurs. Trying to go through businesses for goods and services wastes much of your money. We can achieve...
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It is a new age, and it comes with a new financial product. I logged in to pay my car note, and I had the offer to skip a payment. Wow, for a $25 fee, I can be in the same financial position as last month. Make no mistake; this is a dangerous proposition. It is essentially a payday loan to yourself-putting a bandaid on the problem. Instead, finding the source of your financial trouble is much more challenging. Prepare yourself because it will only...
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So, you want to trade options? Be careful; there are many traps on the battlefield we call the options market. An excellent place to start your options trading journey is by selling covered calls and cash-secured puts. However, if you are not careful, you can easily acquire stocks with a high-cost basis. This will put you in a position where you can't trade until the stock price rises. To avoid this trap, you must use technical analysis to acquire...
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Is options trading risky? There are no risky investments, only risky investors. This statement means that if you can control your fear and greed, you have a shot at winning big with options. The most important rule of trading options is never to rely on the income it produces. Your emotions will affect your decisions as soon as you become dependent on the outcome. It's best to put yourself in a position where your "options money" is optional. I use...