Joshua King
Author
Language
English
Description
Do you believe you can save $100,000? If not, you have some powerful limiting beliefs working against you. The first step during your season of saving is overcoming limiting beliefs and a scarcity mindset. You can achieve this by reading books and believing in the process of compounding. Not only does our wealth compound but also our knowledge. Once we get the ball moving, we can quickly amass $100,000 in less than five years. Good Luck!
Author
Language
English
Description
Are 70s are all about paying it forward. We should have figured out our finances; now, we can focus on setting up our kids and grandkids. Series "I" Bonds are a significant first step to ensuring we pass along wealth to our grandkids. Next, index funds in a taxable custodial brokerage account will grow their wealth along with the stock market. Finally, our adult children need income-investing portfolios to assist them through life's challenges. More...
Author
Language
English
Description
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...
Author
Language
English
Description
Being single and living in a small city puts you in the best position to buy a house. However, you'll have to fight hormones and materialism to do so. It will take a lot of work to save $30,000 to $50,000. Plus, you'll have to fight the urge to buy a massive house. Starter homes are still the best investment, and it will be much faster to save for a down payment on a tiny house. Don't expect to work a single job and magically arrive at $30,000 in...
Author
Language
English
Description
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...
Author
Language
English
Description
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...
Author
Language
English
Description
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...
Author
Language
English
Description
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...
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
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
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
Series
Language
English
Description
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...
Author
Language
English
Description
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...
Author
Language
English
Description
Most of us sold out our creative passions in favor of starting a career in a field where we could earn a livable wage. How did that work out for us? More importantly, how do we give our kids a chance to follow their hearts and dreams? The answer is dividend investing. Dividends remain in the background of our lives, feeding us income that is essential to our lives. It will take time to build a dividend portfolio to support our expenses, but each month,...
Author
Language
English
Description
Do you feel like you're not making progress financially? Welcome to America and the world of capitalism. Inflation is the cost of being alive. We can't sit still for a few seconds without prices increasing somewhere. To get ahead, we must make a drastic change in our lives. This change could be moving to a small city or relocating overseas. There is no use fighting about how unfair the cost of living is in America. It's time to make a serious move...
Author
Series
Language
English
Description
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...
Author
Series
Language
English
Description
What if someone paid for all your vacations for the rest of your life? How cool would it be to have an account just for holidays? You can build such an account; however, it will take time and effort. I estimate it will take five years to build a portfolio that suits your needs. It took my wife and me three years to earn $1,000/month in dividends. Now, at age 41, we are set for life. We have $12,000 per year towards our vacation if we so choose. Are...
Author
Series
Language
English
Description
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...
Author
Language
English
Description
The homebuying process is challenging, even for seasoned veterans. It will drain you of resources, time, and emotions. However, keeping your emotions in check is the most difficult part of buying a house. We want to pour so much of ourselves into our future home. Yet, we need to stay as logical and grounded as possible. Yes, we can use our emotions to make the best choice for our families and futures. We just cannot let them overtake our wits and...