Ebook84 pages58 minutes
Retirement Planning for the Average Person 5: Financial Freedom, #126
By Joshua King
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About this ebook
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 learning about real estate, dividends, royalties, and business, we can escape the rat race and continue to build our income streams independently. It can work; I did it. Good Luck!
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Retirement Planning for the Average Person 5 - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF
Retirement Planning for the Average Person 5
Monthly Dividend Tracker Template: Buy on Etsy
All Right Reserved Military Family Investing | 01 Retirement Planning for the Average Person 5
02 Happy Cash Flow Retirement 9
03 Choose Between $100,000 Active or $50,000 Passive Income
04 The 4% Rule vs. Dividends
05 Your 401K versus A Recession
06 Generation Quit: Leading the New Generation
07 There is No Work-Life Balance Until You Are Wealthy
08 The Re-Birth of the Renaissance Person
09 Give Your Kids a Different Path
10 What is Your Creative Ability?
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Also By Joshua King
MILITARY FAMILY INVESTING
Joshua King
Home of the Free PDF
www.militaryfamilyinvesting.com
Retirement Planning for the Average Person 5
Planning Your Escape
01 Retirement Planning for the Average Person 5
02 Happy Cash Flow Retirement 9
03 Choose Between $100,000 Active or $50,000 Passive Income
04 The 4% Rule vs. Dividends
05 Your 401K versus A Recession
06 Generation Quit: Leading the New Generation
07 There is No Work-Life Balance Until You Are Wealthy
08 The Re-Birth of the Renaissance Person
09 Give Your Kids a Different Path
10 What is Your Creative Ability?
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1) PDF of the Month: Don’t Gamble with Retirement 9 (Free 394-Page PDF)
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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 4 (Free 139-Page 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 9 (Free 394-Page PDF)
10) Everything!: The Biggest Book on Passive Income Ever 3! (book)(Web Edition)(Art Edition)
11) Writer’s Comparison: M1 Macbook Air vs. GalaxyBook3 Pro 360
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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 Retirement Planning for the Average Person 5
Sometimes we must admit when we are wrong. I find myself in this position today—humbled. There was one core truth I believed, but it has changed recently.
I believed you could stay in the workforce long enough to create a truly passive income retirement. For example, you could work until you earned $5,000/month in dividends.
With today’s workforce, I no longer think this is feasible. Now, the mission is to escape the workforce quickly with a combination of active and passive income.
Create Content Daily
Welcome back to the Retirement Planning for the Average Person series, where we plan our escape from the tyranny of the workforce.
1) Retirement Planning for the Average Person 1 (pdf) July 5, 2021
2) Retirement Planning for the Average Person 2 (pdf) September 5, 2021
3) Retirement Planning for the Average Person 3 (pdf) March 20, 2022
4) Retirement Planning for the Average Person 4 (pdf) June 22, 2022
Doing the math. Leaving the workforce is a math puzzle, so I hope you love solving math equations. The most important number is how much your lifestyle costs every month.
Let’s say your lifestyle costs $7,000/month. Your first step is determining your retirement number using the 4% rule and your 401K. Your magic number would be $2.1 million!
Why Real Estate is IDEAL: Income
Does reaching $2.1 million seem reasonable to you? If so, continue working until you are age 60 and can withdraw money from your 401K.
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