Joshua King
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We should start protecting our wealth in our 50s. Our income-investing portfolio should carry itself by now.
However, we also need to consider our kids. We want to have excess cash on hand so we can help them.
Savings bonds and high-yield treasuries (over 5%) are excellent ways to protect our money from inflation.
We can add some speculation into our portfolio at this point. Remember, speculating is not gambling-pick your poison, and stick with...
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Well, credits cards aren't evil, people just misunderstand them. As investors, we need to leverage every option at our disposal. Credit cards, when we use them correctly, can have massive benefits. We can use them as tools for emergencies, creating cash flow and spending rewards on our wealth-building journey. However, please understand that our financial lives must be near-perfect BEFORE using credit cards. We don't ever want to get into credit cards...
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Bonds for every occasion. Bonds are an integral part of your retirement planning and portfolio.
Bonds (or fixed income) allow you to invest in assets that pay you interest safely. You may not achieve capital appreciation, but you keep your principal secure.
This means that you don't have to lose sleep during market downturns. During retirement, there is nothing more important than your financial security.
Building the correct allocation between...
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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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You don't want to work your entire life, do you? I sure as heck don't. That is why I am building a stream of passive income every day. But what is passive income? Passive income is revenue where you don't exchange time for money. After you complete your project, the income will continue to generate. Let's do an example. If I work as a manager at a home improvement store, I make a salary. If they let me go, my paycheck would cease to continue. I would...
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Bond yields are on the rise, making it a great time to start bond investing. However, purchasing 30-Year bonds can be tricky. Through trial and error, I discovered how to buy 30-Year bonds directly from the US Government via TreasuryDirect. This is a step-by-step guide to get you started with investing in Treasuries. This procedure also works for 20-Year Treasuries. Inside the book, you will find a link to my free 30-Year Bond Interest payment tracker....
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Our parents taught us to work hard for money because that is how they survived. They told us to pay all of our bills on time and stay in good standing.
These are amazing lessons and will ensure that you always have lights, power, and food.
However, if you ever want to get out of the rat race, you'll need to obtain income-producing assets. These assets will work FOR YOU as you sleep, work, eat, and play.
To be truly free, you will need an army of...
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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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The average millionaire has seven streams of income-why don't you? They aren't doing anything that you couldn't be doing. So, what makes them unique? Chances are they had some type of financial education. Either their parents or schooling gave them this vital insight. To become financially independent, you will need to make money in your sleep. Yes, rich people avoid exchanging time for money. Every day that we regular folks go to work, we are trading...
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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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Living below your means is more challenging than you may think. Not because of the way you live, but because of societal pressures. That's right, society wants you to continue to buy expensive items and toys. Why? Because that's what they are doing. When you commit to living below your means, lowering expenses, and saving money, you will stand out from the crowd. After a while, you will be so far from social norms that they just leave you alone. And,...
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Home Buying for the Average Person is becoming out of reach. We have a few years (5-10) before even the average person will need to be a rockstar to buy a home. There is one solution-make more money. However, we can do this with a combination of choices that will give us the financial firepower we need. We can stay out of student loan debt, get a great job, start a business (or become a content creator), save for a down payment, and house hack. Doing...
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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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I love immediate income! That is the benefit of income investing, you'll see results in real-time. Income investing is the art of investing in high-yielding products to live from your investments someday. Dividend growth investing and income investing require two separate and distinct mindsets. Income investing requires you to understand the best time to purchase your securities. If you understand the basics of closed-end funds, mortgage REITs, preferred...
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Our 40s are your prime earning years. They are also a great time to stack up tenants and properties. We don't want to accumulate tenants forever because of the time requirements, however, we can convert our rental profits into passive dividend income. Our 40s are also an excellent time to consider what real estate and business resources we are leaving our children. Our 40s are a busy time to grind away at our fortunes. Both are minds and bodies are...
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What's your retirement plan outside of social security and your 401K? Please tell me if you have more than those two items on your list. Retirement is survival in the unknown, and those who prepare the best will win the battle. We need to have multiple streams of income that also increase over time. I like creating a "combo retirement" that consists of two sources of income, such as rents/dividends or business/royalties. You'll also need to prepare...
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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...