Joshua King
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It's a beautiful time to be alive. I feel as though the colors of the world are more vibrant than ever. The sun's rays feel so much warmer than they did earlier in my life. A big part of my joy comes from having a wonderful spouse and family. Another portion of my happiness comes from being debt-free and receiving passive income every day. Of all my sources of passive income, rents are the most boring. However, that is the beauty of rental income-the...
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Most of us grew up in households where talking about money was forbidden. We may have heard that money is the root of all evil. These beliefs have a significant effect on our relationship with money. As we progress through life, we tend to keep our finances close to home. We don't want people in our business. However, opening up around the RIGHT PEOPLE can lead to further successes. It is the exchange of ideas and thoughts about money that can help...
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2022 was an amazon year for savers. How much interest did you earn on your savings accounts and certificates of deposits?
Discover bank was kind enough to send me an email summary, so I decided to share it with the world.
HYSAs are essential to your growth as an investor because they are an incredible place to start.
I received $0.06 from my HYSA two months before I received my first dividends. So, an HYSA was my first source of passive income....
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Are you a prolific writer? Do you love to self-publish an ungodly amount of books? Good, because I am the same. After visiting two bookstores this week, I had an epiphany. Bookstores have too many types of material to bring people together. Yes, there were lots of people inside these stores, but they were all on individual missions-it was like a carnival. What if the books were of the same type? If I opened "Financial Freedom Bookstores," everyone...
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Living the American Dream will drive you to be broke rather quickly. However, if you can leave your 20s with no debt, you'll have a fighting chance.
How do you stay debt-free in your 20s? First, you have to build the mindset that you are already behind financially.
If you can navigate through your 20s understanding that you need to save and invest at all costs, building positive cash flow will be easy.
The four things to watch out for are housing...
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What is our fascination with new cars? Between expensive cars and houses, we are surrendering our futures to debt.
But do you need to upgrade your paid-off vehicle? What if you continued to pay the payments toward your income investing portfolio instead?
You could receive $460/month in dividends from your portfolio in six years. Yes, your dividends would pay you, not vice versa.
Money is not about spending, it is about time. The person with the...
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Life is good as an income investor. Not because you have tons of money coming via dividends, although that is nice. No, the real reason is that you have options. It gives you leverage when you have $1,000+ coming, regardless of your employment situation. Most people don't want to retire early truly; they want to find and execute meaningful work. Your income portfolio allows you to take your paycheck wherever you travel. Now you can work the job of...
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A considerable part of building our Happy Cash Flow Retirement system is creating royalties from our content. But how do we create a never-ending stream of content? Can we write, shoot, and produce enough media to last the rest of our lives? Yes, we can. If you fill your brain with enough content and start to combine thoughts, you will never run out of content to create. In my first year of blogging, I have written 600 articles. I don't just write...
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We all love seeing beautiful weddings on tv. The lights, flowers, and gowns all look so fantastic that many of us dream of having our own wedding. However, there can be a massive cost to having a top-tier wedding. Therefore we must remember the true purpose of a wedding and marriage; to be with the one you love. Starting your marriage on the right financial path can be challenging if you overspend on a wedding. Quickly after the wedding, you may have...
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Everyone wants to be successful; however, few are willing to pay the price of success. Those who choose to grow in the world are often alone. Once others deem them successful, they shun support and guidance. The worst offenders are parents. As parents, we want to level the playing field. Often, this means giving an out-sized portion of our support to the struggling child. Over time, this can lead to sanity issues with our successful children. They...
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Understanding and purchasing US treasuries can be challenging. There is lots of information on what they are, but not why you should buy them. There are many types of Treasuries, but I want to focus on the three that resemble traditional bonds. Treasury Bills have short durations of less than one year.Treasury Notes have durations between 2 and 10 years.Treasury Bonds have durations between 20 and 30 years. Each type has a unique reason why you should...
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I can invest in high-yield stocks and funds and start receiving dividends next month, this is the definition of fast money. However, it takes massive initial funds to see a remarkable paycheck from dividends and income investing. Don't let this fact stop you from getting started. You'll start with an income stream of perhaps $10/month. This will turn into $100 or $1000/month if you keep at it.
The best part of income investing is that you reap the...
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The greatest threat to our wealth in our 70s is long-term care or some other medical emergency.
We can prevent these scenarios from destroying our lives by preparing as early as possible.
We can use long-term care insurance to dampen the costs of being put in a home. However, we can also use passive income to pay these costs.
By planning to make tons of passive income, we ensure we get the care we need moving into our later years. This protects...
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They told you that your 401K was enough for retirement? Were they lying, or can you survive on your 401K? A little of both. Even if you have millions in a 401K, you need to convert that money into productive income. Or you can create streams of income in addition to your 401K. Having a 401K, social security, and a pension are significant steps towards living a comfortable retirement. However, if you add dividends, bonds, royalties, rental income,...
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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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Sometimes it is challenging to decide if a stock or security is a good deal or not. You don't have a measure of its worth, truly. However, you can tell directly from the price what kind of deal you are receiving with baby bonds. Baby bonds are bonds that function like preferred stock. They trade on the stock market, have a par value (usually $25), and pay a set amount of interest. If you can find a reliable company's baby bond selling under par value,...
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Treasury Inflation-Protected Securities (TIPS) are a complex instrument to understand; that's why it took me so long to write this article. However, their premise is simple-allow the average investor to beat inflation slightly and with little risk. If you buy and hold your TIPS, you should beat inflation over the defined period of the bond. If you decide to sell early, you may be in a world of hurt. TIPS are not the only way to beat inflation. However,...
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As I continue my quest from San Diego to Pensacola, I can't help but think about my writing career. I love writing and sharing my passion for creating revenue streams. These passive income streams will help me retire comfortably at age 42. Writing is one of my favorite ways to generate income; however, it's not a lucrative stream now. That's okay; I became a writer for long-term prospects and to add value to people's lives. We all have creative abilities...
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The FIRE movement requires you to have a lot of money before leaving the workforce. What if there is a way to reduce your time before retiring? How about starting a writing platform that you can leverage until the end? You can receive royalties and have something to do during your retirement. However, writing is not an accessible space to gain a following. It takes a lot of words before you can build an audience. For this reason, you'll need to build...
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The world is changing. We are moving out of a permanent zero-interest-rate policy (ZIRP) world into somewhere we can safely earn a return. This means bonds are competing for your dividend growth investing dollars. It's been a long time since bonds have been this attractive. However, bonds require more strategy than dividend growth investing. We need a solid entry point or risk losing cash as the rates shift. When rates return to zero (maybe 5-10 years...