Bøker av Joshua King

Real Estate is a mindset and something you need to understand early to be successful. As I drive to the county, I see dollar signs all over the map.Real estate isn't about owning things; it's about providing value to someone else. This can be by renting a room, starting a dog park, or sharing a storage shed.Only you can get in your way when it comes to earning passive rental income. Keep waiting if you are saving to afford a $300,000 duplex before jumping into real estate.You can probably make a higher return by renting a room and storage shed to an older person. Like I said, real estate is a mindset. Good Luck!

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 cars and fancy furniture.I'm leaving the workforce at age 42 and never looking back. I could live in San Diego and work until age 80 or retire this year in Pensacola. Tough choice?

Most Americans' main source of wealth is their primary residence. However, we all live on income, not net worth.So how do we convert our primary residence into livable income for retirement?We can sell it, move, and invest the difference. We can take a home equity loan, invest it, and pay it off with business income.Finally, we can convert our master suite into a small apartment and rent the rest of our house.Do these all make you uncomfortable? They should. Anything we want in life requires some form of stress or struggle.You can struggle by choice to get ahead or live your retirement in scarcity, lack, and fear. Which do you choose? Good Luck!

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 are Series "I" Bonds and 20 and 30-year Treasury Bonds. "I" Bonds give us emergency protection and compound interest, while 30-year bonds provide us income.We want to have an excellent bond portfolio before we start a family. Once you have a family, you finances will completely change into something you could never imagine. Be Ready and Good Luck!

Do you want to start a business but don't have the time, resources, or money to get started?I have the perfect solution for you-start creating content. At first, your content will suck pretty badly.We all go through this phase as we try to discover our voice and determine our audience.However, once you find your niche and content delivery method, you are well on your way to building an audience. This is where the fun starts.Once you have an audience, you can parlay it into an actual business. You can create a product custom-built for your audience, not the other way around.If you can take "the long way" to starting a business, you can almost guarantee the longevity and success of your business. Good Luck!

The original American Dream wasn't about owning stuff; it was about class mobility. In one generation, a family could go from broke to rich.Due to capitalism and leveraged markets, the American Dream morphed into owning big homes and fancy cars.With that, we divided our strongest tools against the capitalist-our families. No one can truly defeat a strong family.Owning a home will no longer be an individual sport; we can only do it as a team. We must sacrifice some space to make our finances make sense.We can overcome this hyper-inflated market by going back to our roots. Multi-generational households are still the norm overseas. We must return to form. Good Luck!

The 30s are the toughest decade of our lives. It's like going through high school and college again.There is so much going on that saving and investing are difficult. However, we must persevere.Our 30s are a great time to invest in Series "I" Bonds because they can double as an emergency fund in a pinch.We should also set a goal to build a $300/month dividend portfolio to assist with the little things in life.We can survive and thrive in our 30s with a solid plan. Once we get through this decade, the world is our oyster. Good Luck!

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 needed armies to protect these currencies, and generals needed money to feed and house soldiers. Governments then needed to generate tax revenue to pay for armies.Finally, governments installed markets to allow soldiers and families to spend their income on items while generating tax revenues for the governments.The moral of the story is that spending was always part of the government's and society's plan to keep pulling tax revenue from you. You never stood a chance. Now it's time to fight back. Good Luck!

The world of education has come a long way since I was a child. We can credit the internet and technology to many of these gains.So the next giant leap will be within the metaverse. How does education look in the metaverse? Who will be the next big player in the education space?Similar to Chromebooks, it only takes an idea to have mass-market appeal. As entrepreneurs, we need to do a deep analysis of how the metaverse will affect the learning for our children.Whoever is thinking ahead will be the winner. It's not about the next big idea; it's about learning and implementing concepts. If you are reading this, you are already preparing for the future. All you have to do is define how you want the classroom to look moving forward.

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 so much more by working together. Good Luck!

Our money wants to set us free, help us retire early, and save for future generations. However, for it to do those things, we must trust it with someone else.That's right; we need to turn our money over to the banks or the US government to earn a yield on our savings.Now is the perfect time to save in high-yield savings accounts, certificates of deposit, and Series "i' bonds. But be warned.We will not always see 3-6% interest on these savings vehicles. This is just your first step into the world of compound interest. There are many more levels to go. Good Luck!

Investing gets a bad reputation among the middle class. Investors don't take unnecessary risks or put it "all on the line."They are trying to escape the rat race through measured steps. There are four ways to generate income: as an employee, self-employed owner, business owner, and investor.By understanding this matrix, you can work from employee to business owner and investor. At the very least, employees need to invest.The best part is you are in complete control of your financial future. You don't have to take any unnecessary risks. However, the future does favor the brave.To live a comfortable life and not worry about finances, you must educate yourself to budget, save, and invest. You are in control. Good Luck!

Society wants us to spend our money on things we do not need. On top of that, they want us to go into debt to have even more of these things.The last thing they want is for us to budget and be good stewards of our resources. That's why we must fight back with a budget.Don't look to social media to show you how to budget. Everyone is advertising something to you and ways to spend your hard-earned money.A budget is the first step in identifying your cash flow. From there, you can increase income and reduce expenses, giving you enough cash flow to save & invest for the future. Good Luck!

Sometimes I forget about my Fundrise real estate account. It just keeps chugging along, producing dividends and capital appreciation for me.Our investing dollars become tight during a recession, so we have some tough choices. I love to invest in the stock market, but I also need yields away from the madness.Fundrise and US Treasuries maneuver away from the stock market's emotions and can be considered uncorrelated assets.Inside, I talk about both securities and how they can help you achieve your goals. Spoiler, I invest in both US Treasuries and Fundrise monthly. I love them both; you will love them as well. Good Luck!

We are moving into a product-focused working environment. Employers will no longer accept sitting in at your desk for eight being unproductive.So if we must create products and add value, we may as well do these for ourselves and our families.Starting a business or becoming a content creator will be necessary to break the cycle of "employment" that we have fallen into as a society.Inside, you will find business ideas, concepts, and ways to build your entrepreneurial mindset. Welcome to Signature Series 4. Enjoy!

Taxes play a significant role in our lives, especially throughout retirement. If we generate income, we must consider taxes.My favorite Dividend ETF pays qualified dividends, which helps to reduce our annual tax bill.We can also leverage municipal bonds funds to prevent us from paying Federal taxes on the income they create.Finally, Series "I" Bonds are a way to grow our wealth in a tax-deferred vehicle. Plus, we can redeem individual savings bonds, allowing us to tailor our tax strategy.Combining all of these strategies, plus starting a small personal business, can help us reduce taxes and beat inflation. Good Luck!

Every middle-class household should have a small (or big) dividend growth investing portfolio.DGI is the true way to build a nest egg because it gains value and pays you dividends.The goal of DGI is to grow your wealth and build a paycheck throughout retirement. It's like building a rental property from the ground up.It's never been easier to pick 10-20 stocks and dollar-cost average your way to success. All you need to do is try. DGI changed my life. Good Luck!

Do you strive to become a net-worth millionaire? What does having a million dollars in equity do for you? How about $1 million in your 401K?In reality, you live on cash flow. Therefore, it's not about the size of your nest egg; it's about how much money it produces.How much recurring monthly income would you have if you lost your job? That is the actual test of passive income.Life is about collecting income-producing assets, like dividend stocks and rental homes. Once you create enough passive income streams, you can retire and focus on becoming rich. Good Luck!

What is your investment philosophy? What moves can you make and still sleep at night?Your investing philosophy and strategy are unique to you; no one can dictate how to navigate around the markets.You must commit 100% to your beliefs because disaster WILL strike one day. If you are not committed, you will fold and sell everything you own.We call these "weak hands," and 2022 showed that many people tried to ride the wave but did not learn to invest.The only way to learn your philosophy is to get into the markets and feel your way around. Don't worry; you can start slowly. Good Luck!

Do rich people have an advantage when it comes to building passive income? Sure. They have the resources at their disposal, but they also have the education.If education is the primary barrier, what's stopping us, low-income folks, from building our passive income streams?Nothing prevents us from renting a room or starting a Youtube channel. We have limiting beliefs that tell us rich people have a secret that we don't have.The secret is that any cash flow rich people receive (earned or passive) funds from their money system (dividends). Once their money system is complete, they can enjoy life at their leisure while keeping their other passive income streams. Nice!

Many of us are sitting on a ton of home equity, but what are our options? Using math, we can build great strategies using our home equity as leverage.A cash-out refinance is not for the faint of heart, nor should we take it lightly. Our highest priority is protecting our families from financial harm.We can use our home equity to diversify our portfolio in many asset classes-these income dividends, bonds, commodities, cryptocurrencies, royalties, and business.By planning our move, covering our higher expense costs, and investing wisely, we can secure more income-producing assets.The more assets, the more chances we have to capture the good times of a boom cycle. Good Luck!

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 a job and YouTube will yield the best results for most people. You get immediate income and all the upside of creating content. Once you have an emergency fund, dividends, and passive income from YouTube, you can convert it into a full-time job. At the very least, you have options. Good Luck!

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 most money can free up the most time. When you are in debt, you surrender your time. Good Luck!

It's tough to beat inflation if you only save your money. Inflation and price gouging will overtake your savings fairly quickly.Every great sports team has good offense and defense. Saving is part of your defensive game plan.Investing is when you go on the offensive. You don't know what will happen in the future, but cash flow can solve most problems.Only you can decide how much to save and invest; it's a personal decision. However, don't stay on the sidelines too long. You must start investing as soon as possible to harness the full power of compounding. Good Luck!

Do you know the difference between financial security and financial freedom? It's as simple as saving versus investing.The goal of financial security (saving) is to protect what you have. You have enough money to pay your bills, save an emergency fund, and go on vacation.The goal of financial freedom is to protect your future from the unknown. You invest to outpace inflation, save for kids' college, and ensure you can safely retire.You will need to become an investor to achieve financial freedom, but it's not as scary as you think. There are many ways to invest and earn passive income; you just need to find the way that works for you. Good Luck!

Do you want to live an extraordinary life? Do you dream of having excess income so you can travel and dine?Dividends are the answer, and anyone can start to build a portfolio of dividend-paying stocks.Investing in dividends will take financial education and a little time. However, they are the most passive form of passive income.You must insert a large amount of money to amass a significant portfolio. You can accelerate the process by eliminating debt, budgeting, and increasing your income.My wife and I did those things, which allowed us to build a $1,100/monthly dividend income in a little over three years. If we can do it, so can you. Good Luck!

Outside of love, there is nothing more powerful in the universe than compounding. Compounding is the magic of exponential growth.When you start a new professional, skill, or fitness routine, you'll leverage the power of compounding to increase your knowledge and proficiency.However, compounding can work in the reverse scenario where you eat candy, sleep in, or stay up late.Once you understand the power of compounding, it is incumbent on you to harness it to your true potential by taking slow, calculated steps and building extraordinary daily habits. Good Luck!

You have a lot going for you in your 20s-mainly the ability to work extremely hard and recover quickly.However, you also must overcome natural urges from your hormones and school programming.If you can build an income portfolio that pays your $1,000/month in dividends, you will be free for life.Time is the critical component of compounding, and you have time on your side. Your $1,000/month income stream will turn into $11,000/month in your 40s.The harder you work, the faster you save, and the quicker you achieve financial freedom. You will have to give up some fun today for success tomorrow. Are you willing to make that sacrifice? Good Luck!

Don't worry if you are a spender; they trained us to consume much more than we produce. It started in our childhood and continues until we make a drastic change.The change from spender to saver is a difficult transition. It takes a "season of saving" to transform your mind into a lean, mean budgeting machine.Most people cannot overcome their programming, but for those who do, a great life awaits.You will worry about money much less and spend higher quality time with your loved ones. I converted in 2019 and haven't looked back. You can do the same. Good Luck!

Times are looking good for savers and bond investors. Yields are moving upwards, while dividend yields are also increasing.However, this excitement comes at the cost of economic stability. With rising rates, the housing and stock markets may crash.We must be more prudent than ever when investing our hard-earned dollars. And there is no safer place to invest than with US Treasuries.Series "I" bonds yield over 9%, but for how long? Is grabbing 30-Year Bonds at 5% a better long-term play? We can discuss more inside. Good Luck!