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    To Become Rich You’ll Need Leverage: Financial Freedom, #77
    To Become Rich You’ll Need Leverage: Financial Freedom, #77
    To Become Rich You’ll Need Leverage: Financial Freedom, #77
    Ebook87 pages1 hour

    To Become Rich You’ll Need Leverage: Financial Freedom, #77

    By Joshua King

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    About this ebook

    We all believe we know how life is supposed to play out for us. We go to college, get married, get a high-paying job, and eventually become wealthy.

     

    This plan sounds foolproof until we realize we aren't getting rich any time soon. Usually, around age 40, we conclude that we will not become wealthy.

     

    This plan fails because we exert no leverage and don't have things growing in the background.

     

    If we can execute the same plan but have dividends, business, books, bogs, bonds, and rentals in the background, our chances of success increase substantially. Good Luck!

     

    LanguageEnglish
    PublisherJoshua King
    Release dateNov 30, 2022
    ISBN9798215488348
    To Become Rich You’ll Need Leverage: Financial Freedom, #77

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      Book preview

      To Become Rich You’ll Need Leverage - Joshua King

      Table of Contents

      MILITARY FAMILY INVESTING | Home of the Free PDF

      To Become Rich

      Monthly Dividend Tracker Template: Buy on Etsy

      All Right Reserved Military Family Investing | 01  To Become Rich You’ll Need Leverage

      02  The American Dream Costs $5 Million

      03  A High-Value Person Makes $100,000/Year Passively

      04  The Magic of Compounding

      05  Standard Employee by Day, Passive Income Hero by Night

      06  What is Your Creative Ability?

      07  The Magic of Living Below Your Means

      08  Your First Home: Investment Property or Dream Home

      09  Your Income Should Increase Every Year

      10  Create Content Daily 2

      Try Something New -Free PDF Download

      MILITARY FAMILY INVESTING

      Sign up for Joshua King's Mailing List

      Also By Joshua King

      MILITARY FAMILY INVESTING

      Home of the Free PDF

      www.militaryfamilyinvesting.com

      To Become Rich

      You’ll Need Leverage

      01  To Become Rich You’ll Need Leverage

      02  The American Dream Costs $5 Million

      03  A High-Value Person Makes $100,000/Year Passively

      04  The Magic of Compounding

      05  Standard Employee by Day, Passive Income Hero by Night

      06  What is Your Creative Ability?

      07  The Magic of Living Below Your Means

      08  Your First Home: Investment Property or Dream Home

      09  Your Income Should Increase Every Year

      10  Create Content Daily 2

      Free PDF Download

      1)  PDF of the Month: How We Plan to Retire on Dividends 4 (Free 139-Page PDF)

      2)  Free PDF Downloads: Download FREE PDF LIST here

      3)  Financial Mindset: Become CEO of Yourself 2 (Free 196-Page PDF)

      4)  Retirement Planning: Your Retirement Planning Guide 2 (Free 255-Page PDF)

      5)  Investing: How We Plan to Retire on Dividends 2 (165-Page Free PDF)

      6)  Cryptocurrencies: Counting on Crypto 2 (Free 159-Page PDF)

      7)  Real Estate: Financial Independence through Real Estate 4 (Free 112-Page PDF)

      8)  Business: Retire Rich, Retire Comfortable with a Business 4 (Free 149-Page PDF)

      9)  Latest DGWR: Don’t Gamble with Retirement 8 (Free 445-Page PDF)

      10) Everything!: The Biggest Book on Passive Income Ever 2! (book)(Web Edition)(Art Edition)

      11) I bought a Kindle Oasis: Check it out on Amazon

      12) Read My Books for Free: Free Kindle Books Schedule

      13) Book Design: Design Tips on YouTube

      14) Kindle Unlimited: Why I Finally Subscribed Kindle Unlimited (learn more)

      15) Book Reviews: 505 Takeaways from 101 Books (pdf)

      16) Writing: The Publishing Chronicles (Part 1, Part 2, Part 3, Part 4, Part 5)

      17) Best REIT- Fundrise: REITs vs. Homeownership (Join Fundrise)

      18) Follow us: On our Facebook Page and Join our Facebook Group

      19) Support the Channel on Cash App: $Kingmarine1981

      20) For more detailed analysis, join my Youtube: MFI YouTube Channel

      ––––––––

      Monthly Dividend Tracker Template: Buy on Etsy

      Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article.

      All Right Reserved Military Family Investing

      01  To Become Rich You’ll Need Leverage

      Getting rich in one lifetime is nearly impossible—yet this is the path our parents taught us as children. Here is the plan in a nutshell:

      1)  Do well in middle school and high school by getting good grades

      2)  Get accepted and finish college

      3)  Enter the workforce and get a high-paying job

      4)  Find a mate, have children, and buy a home

      5)  Live in the same house for 50 years

      6)  Everything works out perfectly because you worked hard and played by the rules

      Please tell me if I am missing something. The problem with this typical scenario is that at no point did you exert any leverage.

      40-Year Interest-Only Mortgage

      In fact, when you added more family members and a house, you decreased your chances of becoming wealthy from slim to none.

      One timeline doesn’t work. The American dream costs $5 million, whether you believe so or not. To earn $5 million over a 30-year career, you would need to make $167,000/year.

      In the single timeline above, you went from step to step while never having anything growing concurrently with you. Instead, if you could multiply yourself, your chances of becoming wealthy would be much greater.

      For example, if you could find a spouse and buy a home while going to college, you would give yourself significantly more time. However, these things are only feasible with help from family.

      Bonds 4 Life: I’m Buying 30-Year Bonds Over 4%

      Time is vital to wealth. The most powerful force in the world is compounding. The central element of compounding is time. Therefore, we need to leverage time by multiplying ourselves into multiple concurrent timelines.

      Since we cannot spin ourselves

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