Joshua King
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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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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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Are you ready to retire? Are you convinced you can be a better person if you don't have to commute to work every day? The first step to retiring early is determining how much it costs to run your household fully. Once you have this number, you are well on your way to changing your destiny. Now, it's time to replace your employment income with passive income. This part may take a few years, but each successive year becomes more enjoyable. We can replace...
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Living below your means gets a lousy repetition. People believe this means you can't buy Starbucks, eat out, or go on vacation. LBYM simply means you live a couple of notches below your income level. If you earn $6,000/month, you try to live on $4,000. We call the extra money cash flow, and it is the heart of your household. We use the additional income to save and invest. Saving and investing have different purposes, but all lead to the same results....
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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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Income investing changed my life drastically. Now, I no longer worry about running out of money or what to do in case of emergencies. But, I wasn't always an income investor; I was a worker-bee. Growing up in the workforce didn't get me ahead financially. Once I started to understand income products such as closed-end funds, preferred shares, and mortgage REITs, my income started to multiply. Being an income investor requires discipline, vision, and...
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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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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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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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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...
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We all want to teach our children healthy money habits. Even better, we want them to grow up and be able to give, save, and invest. There are two main methods in the media: staying debt-free and becoming a capitalist. They each have their time to shine in someone's life. I tried the debt-free way of life and could never get ahead financially. It wasn't until I became a capitalist that I enjoyed having extra resources. You can't run a household without...
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Wouldn't it be nice to have a self-refilling debit card? Well, it's here in the form of the Cash App debit card. Within the Cash App program, you can invest in dividend-paying stocks. The dividends from these stocks transfer directly to your Cash App spending balance. So, you can be shopping, receive a dividend, and immediately spend that money before you leave the store. It's a great way to live, and one my wife and I have lived in for over two years....
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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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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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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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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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Keeping your affairs tight is tough in your 20s. You will start from the bottom of a company, and begin your search for a spouse. It's easy to focus on jobs and relationships over wealth building. However, this is the best time to build wealth because you are entirely in control of your finances. You can use bonds to build an emergency fund, anticipate capital gains, and create income. There are two types of bonds we should use during our 20s. These...
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Passive income is challenging to create-but possible. Deciding which passive income path you will take is a personal decision. Dividends are passive and magically appear in your accounts overnight. Nothing is sweeter than having fresh money in your hand. You generate royalties from your creative works. They take a lot of talent to build, but nothing is more rewarding than someone buying your products. But why choose one when you can have both? By...
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You were born into debt, meant to stay in debt, and never to understand debt. The only way to fight back is to learn why debt is so destructive. Getting out of debt won't be easy, but understanding why you were in debt can help you build your case to free yourself. As bartering became more difficult, currencies formed to exchange money for items. However, societies needed central governments to protect the sanctity of these currencies. Governments...