Staying Debt-Free in Your 40s: Having Children is Serious Business: MFI Series1, #189
By Joshua King
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About this ebook
If the greatest threat to your wealth in your 20s was yourself, and in your 30s was your partner, what do you believe it will be in your 40s? That's right, your kids.
However, we can beat the temptation to overspend on our children by living on a budget. Experts have proven that only having one parent work in the workforce gives our marriage the best chance of survival.
Just because we only have one spouse working outside the home doesn't mean we only have one income stream. We can create multiple income streams from inside the house, leading to a better household environment.
Lastly, we need to defeat the urge to keep up with the Joneses in the neighborhood. Our focus needs to be solely on saving and investing for our future and our children.
Although we take life seriously, we can still have a fantastic time with our family and friends. Taking care of our finances also creates an environment of love.
Read more from Joshua King
Financial Freedom
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Staying Debt-Free in Your 40s - Joshua King
Also by Joshua King
Financial Freedom
Real Estate is a Mindset (Intermediate)
Emergency Cash: How Much Do You Need in an Emergency Fund?
Your 401K vs. A Recession: Unlock Your Money & Your Freedom
Join Up!: Time to Sign Up for the Military
Retirement Planning for the Average Person 4: Build a Better Tomorrow Today
Debt-Free Society: Beat Wedding Debt
Play Video Games for Passive Income
Investing for Interest 8: The Magic of CD Ladders
Consulting in the Metaverse: Be in Multiple Places at Once
Buy the Dip! The Magic of Averaging Down
Coaching in the Metaverse: Assisting Your Clients with Fitness, Health, Wealth, and Life
The Magic of Leverage: Use Carefully to Accelerate Your Gains
Advertising in the Metaverse
Small City: Passive Income. Great Retirement.
Start a Food Truck Business towards Passive Income
Is $75,000 A Year: The Magic Happiness Number?
The Stock Market: Is Not A Wealth Generator
America is Expensive: So What Are You Going to do About It?
Home Cash: House Hacking vs. Online Business
The Sharing Economy vs. Inflation: Unlock Wealth & Happiness
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The Magic of a Sales Funnel: Find and Grab Potential Customers
The Emotional Roller Coaster of Debt: Stress. Anxiety. Fear.
Successful People Need the Most Help
Saving for a House Down Payment #1: Single Person, Small City
Don’t Fumble the Bag: Convert Opportunities into Success
The Magic of Remote Work: Remote Work is Just the Beginning
Passive Income for Everyone!
The Magic of Talking to Yourself
The Maintenance of a Great Life #1: Relationships
The Dividend Debit Card 2
The Magic of Compounding: Do the Work, Trust the Results
Love Calls: How to Thrive in a Long-Distance Relationship
Roth IRAs vs. HSAs: Triple Tax Advantage
Bonds 4 Life: I’m Buying 30-Year Treasury Bonds at 4%
Saving for a House Down Payment #2: Single Person, Big City
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Investing for Interest 9: Series I
Bonds vs. 30-Year Bonds
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FIRE Writer: Retire & Write
Saving for a House Down Payment #3: Couple, Small City
Rental Properties vs. Rental Rooms: Rental Income for the Average Person
Just Rewards: Credit Cards vs. Debit Cards
How to Become a Thought Leader: Build and Share Your Vision
Saving for a House Down Payment #4: Couple, Big City
Bond Growth Investing: Bonds to the Rescue
Home Equity Loans vs. Interest Rates
Your 401K is Not Enough
My Recession Investing Plan
How to Buy & Track 30-Year Treasury Bonds
Take Control of Your Financial Destiny: The Magic of Being an Insider
DGI vs. BGI: Dividend Growth Investing vs. Bond Growth Investing
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Living on $3,000/Month in San Diego, California
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Saving for a House Down Payment #6: Family, Big City
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Bond Investing in Your 30s
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Wiping the Debt of Christmas Past
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High-Yield Bond Reinvestment in Action!: Convert Bond Payments in High Income
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Series I
Bonds vs. Index Funds: Making the Leap From Saver to Investor
Time is Money #1: Debt is a Function of the Past
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Envision Your Life Without a Paycheck: Start Building Your Income Today
I Heart Income Investing: The Joys of Portable Income
Generation Quit: Being a Leader in the New Workplace
Keep Your Writing Top of Mind: How to Maintain