Bøger af Joshua King

When I turned 40, I had an epiphany; American society wanted me to work another 25 years before I drew retirement. Wow!Now, every year after my birthday, I write an article in my No Freakin' Way series. Hopefully, this is my last year in the workforce.But I didn't just stop working. I created and followed a plan to make as much passive income as possible before I stopped working.The number one thing you can do to retire early is to live below your means, and the second is to increase your savings rate. If you can do those two things together, you'll be well on your way to playing golf on Monday morning. Good Luck!

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 investing is the path to travel. Take a look at what it has done for us. Good Luck!

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 you commit or not, life ends up happening. You are the loser if you must withdraw your "EE" bonds before the 20-year period.The government is betting against you and assuming you will withdraw the cash. Only financially sound individuals should leverage these assets. I will discuss more inside. Good Luck!

We have to do everything we can to reduce our tax burden. The government gives us tools to assist with this goal, but we must take massive action.Roth IRAs can allow us to grow after-tax income in a tax-free account. When we turn 59 1/2, our distributions will be tax-free forever.Health Savings Accounts are triple-tax advantaged accounts, meaning the contributions, growth, and distributions are all tax-free. However, we must use these distributions for qualified medical expenses.It is tough to get into an HSA-qualified plan; however, HSAs may be best for our children. If we can fund their HSAs at a young age (starting at 18), they stand to be a more valuable resource than a Roth IRA. I explain why inside.

Personal loans are a much better idea than credit cards; however, they require more discipline.You can still access your credit cards if you take a personal loan. Therefore, you may end up with twice the debt burden. It's best to consolidate credit cards once you have a firm handle on your spending. You can accomplish this by using a daily budget.Eventually, once you are debt-free, you can use personal loans to save for your emergency fund (I'll explain inside). With the right mindset, you can leverage multiple debt products while building long-term wealth. Good Luck!

We all believe we will survive the recession with everything intact. But the recession will kick our "behinds" and take names.Therefore, we must prepare and then over-prepare. Two things we can do are reduce spending and increase savings.We can reduce spending by cutting our budget and living deep below our means. It sounds boring, but nothing excites me like having money in the bank.We can increase savings by using a high-yield savings account. HYSAs will allow the banks to save money toward our goals. There is nothing better than free money, especially during a recession. Good Luck!

With interest rates rising, saving will be the new "hotness." But which saving vehicles are best for your portfolio?Today, I offer three ways to save money and earn a decent amount of interest. Each has its benefits, but using them together will give you the best results.High-yield savings accounts give you the lowest interest rate but the fastest access to your money.CD Ladders give you tons of options for rates and holding periods. You can use these to gain interest while seeing how interest rates look in the future.Series "I" Bonds give you maximum inflation protection and will ensure your money grows with the economy.Using these instruments together will help you build a massive savings portfolio to go with your investing strategy.

Five percent Inflation will persist for another 5-10 years. There is simply too much money floating in the hands of consumers.Therefore, we must create our own streams of income to combat inflation. My favorite countermeasure is income investing.We have three choices with each dividend we receive: reinvest, spend, or hold. We can make each choice as the month progresses.We never know which commodity inflation will; hit hardest; one day, it is gas, and the next, it is meat. Having dividends in hand makes our lives much more fluid and manageable.Income Investing is the best way to ensure you cover your bases against inflation. I love income investing because I control my paycheck. Good Luck!

We haven't had this many investment choices in over 13 years. If you seek 4% yields, you can go to stocks or bonds.On the surface, dividend growth stocks offer much more than bonds. You get dividend increases, share price appreciation, and the magic of compounding.However, don't rule out bonds yet. Yes, they are boring fixed products, but everything changes when you execute a high-yield bond investment strategy.This strategy uses your interest payments to invest in income-investing products like preferred shares, closed-end funds, and business development companies.Both of these strategies can get you to a comfortable retirement. However, using them in tandem can also insulate you from recessions and interest rate strategy shifts. Good Luck!

Maybe you love your job-good for you. But what if your boss changes and the new one treats you much differently?Wouldn't it be nice to have the freedom of choice? You can stay at your current job, change careers, or retire that same day.This is called financial freedom, and you can achieve it. However, you'll have to keep your lifestyle under wraps.That's right; you'll have to balance your choices today with freedom tomorrow. If you simply keep your lifestyle from inflating, you'll be closer to financial freedom than you can imagine. Good Luck!

Saving for retirement is boring. At age 25, we are supposed to forgo what we want today for the hope of something tomorrow.There are many reasons people don't save for retirement, but it usually boils down to the fact that they need the money today.What if I told you that you could have money today and tomorrow? That's right; as an income investor, you are building a lifetime of income-starting today.Can your life use more income? Well, you've come to the right place. I received $1,500 in dividends this month. I can use this money for whatever I want without feeling guilty. Welcome to the wonderful world of income. Good Luck!

Do you like betting against yourself? Can someone handle your money better than you?My Wells Fargo brokerage account has $48,000 and pays me $4,200 annually-an 8.5% dividend yield.That same $48,000 would produce roughly $20,000 annually with an annuity, with no way for you to adjust manually.Even worse, the $48,000 stays with the insurance company upon your death. You are not leaving the money to my kids; you also fail to give them "the information."Instead of betting against yourself and your family, take drastic measures to learn how to create a paycheck. Everyone wins when you implement an income portfolio. Good Luck!

Is inflation kicking your behind? Well, it's time to take control of your financial destiny.We have all the tools we need to earn additional passive income; we must only explore and execute these options.Every year my income from dividends, royalties, and rents rises to help me combat inflation.You, too, can harness the power of passive income, but it takes knowledge and hard work. Do you have what it takes to change your life? Good Luck!

Do you enjoy your life? Can you go to Starbucks on Tuesday morning and sit there all day?That's the dream, right? We can start working toward a life of freedom of time, money, and movement by investing in dividends.I use my excess dividends to pay for my movies, restaurants, and hotels. It is a remarkable life built around passive income.Last month I reviewed $1,300 in dividends. But four years ago, it wasn't even investing. You must start somewhere, so why not start today?

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 average person.You cannot do the same things and believe your savings rate will improve. It will take drastic measures to see dramatic results. Good Luck!

The stock market is full of many securities, so knowing why and what you buy is essential to survive.Most investors will only purchase common stocks, but preferred shares offer significant benefits as well.Common stocks have unlimited upside and dividend potential. In comparison, preferred shares can give you what you need exactly.Combining common stocks and fixed-income preferred shares will give you a paycheck and a nest egg. Use them both to become wealthy (cash flow) and rich (capital gains). Good Luck!

My favorite type of passive income comes from income investing. Income investing is a lifestyle that rewards knowledge, action, and patience.My wife and I received $1,850 in dividends last month-a life-changing amount of money.You can also jump into income investing, but you must understand its complexities. Income products are highly-leveraged, so they are much more volatile than dividend-growth stocks.I absolutely adore the world of income investing and cannot imagine my life without it. Spending dividends during your daily grind is how life should have been from the beginning. Welcome, and Good luck!

The act of saving money is difficult for most human beings. Becoming an investor takes a level of confidence and foresight that most will never possess.How do you go from a saver to an investor? In short, slowly. That's right; you gradually build your trust in the markets.Congratulations if you have bought at least one Series "I" Bond. You have done more toward your financial well-being than most.But, you will reach an annual limit with Series "I" Bonds and some heavy taxes. To continue growing our wealth, we must leap to index funds.I appreciate that it will be a terrifying transition, but it's time. Don't worry, new investing apps make it simple to invest $5/week into green index funds. You can do this! Good Luck!

Going into the office has lost the luster it once demanded. Today, we stay in overly long meetings, lack training resources, and watch our fellow employees play on their phones all day.Remote work can be a dream come true for top performers. I envision that most remote workers will soon work in a freelance-style consulting capacity.It is becoming increasingly expensive to maintain a large number of lazy employees. Do you have what it takes to be a consistent remote worker?The traits that make you an above-average remote worker will allow you to become an investor, content creator, and entrepreneur. The magic of remote work is that it opens the door to many of our income streams. Good Luck!

Rents will continue to skyrocket for the foreseeable future. Which side of the equation are you on?Even when you own a home, your cost will also increase annually. There is no escaping the fact that you'll need more income.Passive income answers multiple questions: How do I save for a down payment? How do I maintain my home? How do I get ahead in life financially?Yes, passive income is the answer. One of the best types of passive income is rental income. Therefore, we must own, maintain, and leverage our homes for our benefit. Good Luck!

Index funds are a fantastic way to accumulate wealth; however, they don't tell the whole story.To use index funds effectively for retirement, you must convert them to income. You can do this by selling shares.This puts you at a disadvantage because you will now depend on the stock market to play ball with your timelines.Index funds should complement your income investing portfolio. That way, you can have a strong growth element and a consistent paycheck of dividends. Good Luck!

Hopefully, we survived our 30s with as little debt as possible. In our 40s, we need to focus solely on building income streams.We want to reach 70 and 80 with income streams. Bonds can add income to our bottom line safely.We first want to stock up on 30-Year bonds, especially when they are over 4%. These provide us with safe, reliable income during market downturns.However, we will achieve our primary income goals from bond closed-end funds. The CEFs use leverage, which adds to the returns but adds a layer of risk.I am in my 40s and using my CEFs to build an income stream. I love having multiple paychecks from my favorite funds every month. You can do the same. Good Luck!

Do you dream of living a rich lifestyle? You can do it if you live below your means and start acquiring assets.Assets are things that put money into your pocket. One significant type of asset is dividends from stocks.Dividends give you cash flow that you can use any way you choose. And the following month, more dividends arrive to save the day.Building a portfolio of dividend-paying stocks will take a shift in mindset. You will need to obtain assets versus liabilities.But if you can commit to building your portfolio, you can live your dream lifestyle. I know because I am living mine today. Good Luck!

We all envision our retirement years as golden moments in time. But how do we hope to live a stress-free life without worries of money or time?The answer is passive income. We can protect ourselves from downturns and unexpected events by creating multiple passive income streams.The key to building income streams is starting early. The best time to start a business was ten years ago. The next best time is today.I am 41 and building income streams via real estate, dividends, royalties, and business. You can do the same to ensure a Happy Cash Flow Retirement.

Do you feel your kids must achieve financial success on their own? It sounds incredible to send them out into the world and see if they can survive.In reality, however, things play out much differently than we imagine. It's challenging for most humans to thrive-especially if they don't have "the information."Educating ourselves on finances makes it much easier to put fantastic things into motion for our children. Time is the most critical element in building wealth.Therefore, we can significantly increase their survival rate if we can save and invest a small amount into tax-advantaged assets. Heck, they may easily thrive in this new world. Good Luck!

Did you grow a nice-sized 401K portfolio? Great, good job, so how will you employ it during retirement?Most people will live in fear while trying to withdraw income yearly. Or, they will live in fear as they allow their financial advisor to control their funds.But we need not live in fear. We can convert our 401K into multiple income-producing assets, an emergency fund, and an all-weather bond fund.All it takes is education and action. We must understand that we can grow our income inside our portfolio by reinvesting and outside our portfolio by sharing our assets.Together, we can create multiple streams of income, a safety net, a hedge against inflation, and generational wealth. Good Luck!

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 your dreams because you have the income to support yourself and your family. That is what the FIRE movement is about at its core-creating options. Good Luck!

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 important than the resources is the mindset. With the correct mindset, our kids and grandkids can continue to build generational wealth beyond our lifetimes.

Our mom will probably receive a windfall as she ages. This can be from an inheritance, an insurance policy, downsizing her house, or cashing in a 401K.She will automatically turn this money over to a financial advisor if we don't know anything about investing.However, who is in a better position to ensure the family's financial longevity? You or a financial advisor?Therefore, we need to learn about high-yield savings accounts, savings bonds, 30-Year bonds, and high-yield bond reinvestment.Once mom determines what she wants for her legacy, we can work toward implementing a plan for her estate and her cash flow.Yes, this may be out of your comfort zone. But the sooner you get good at talking about money, the sooner your mom opens up about her desires. Good Luck!

Now is the perfect time to learn the relationship between preferred shares and treasury bonds.In a volatile market filled with interest rate hikes, you will see the inverse relationship of many investment instruments.Investors chase yield, and they look for it in the safest places first. One of the safest places is with the US government, in the form of treasury bonds.When yields on bonds decrease, investors move to highly-rated preferred shares to get their fix of yield.If you know where to look and when to buy, you can capture some of this back and forth. True investors can make money in any type of market. Good Luck!