Ebook86 pages58 minutes
Retirement Planning for the Average Person 6: Financial Freedom, #205
By Joshua King
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About this ebook
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 our earned income with rents, royalties, business, options trading, and dividends. Before we know it, we can walk away from work and still have the lifestyle we love.
Can this happen in real life? Yes. My wife and I retired in our early 40s using this Happy Cash Flow Retirement system. You can do the same. Good Luck!
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Retirement Planning for the Average Person 6 - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF
Retirement Planning for the Average Person 6
All Right Reserved Military Family Investing | 01 Retirement Planning for the Average Person 6
02 Budgeting to Financial Freedom
03 Living by a Hardcore Budget is Empowering
04 Welcome to the Elite Savers of America
05 How to Build a Fully-Funded Emergency Fund
06 Happiness Isn’t Free 3
07 Dividend Investing 101: What Are Dividends?
08 Five Ways to Make Rental Income without Owning Real Estate
09 Trading Long Strangles for Passive Income
10 My Five-Year Plan for My Book Business
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MILITARY FAMILY INVESTING
Joshua King
Home of the Free PDF
www.militaryfamilyinvesting.com
Retirement Planning for the Average Person 6
Budgeting and Investing for Everyone!
01 Retirement Planning for the Average Person 6
02 Budgeting to Financial Freedom
03 Living by a Hardcore Budget is Empowering
04 Welcome to the Elite Savers of America
05 How to Build a Fully-Funded Emergency Fund
06 Happiness Isn’t Free 3
07 Dividend Investing 101: What Are Dividends?
08 Five Ways to Make Rental Income without Owning Real Estate
09 Trading Long Strangles for Passive Income
10 My Five-Year Plan for My Book Business
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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 6
It finally happened; my wife and I retired. I am 42, and she is 39, and life couldn't be better. We both started with below-average resources, but we still arrived at this momentous occasion.
So, what’s the secret sauce to retiring when you want, having a great income, and living your dream life? The secret is two-fold: budgeting and passive income.
Budgeting to financial freedom. Building an air-tight budget is the fastest way to free yourself from the workforce. However, most people don’t know how much it costs to run their household.
Using Bonds to Create Safe Cash Flow
My military pension is $7,000 per month, and my house runs on $6,000. I knew how much it took to run my household almost three years ago.
Your hardcore budget includes your mortgage, bills, additional expenses, food, and personal spending.
I like to separate additional expenses like video game memberships, streaming services, and website subscriptions because they are nice to haves.
If I need to cut expenses, they will be the first to go. We keep our bare-bones bills as low as possible, which include electricity, water, sewer, cell, and car insurance.
Create a Budget and Start Income Investing
Building your emergency fund. My wife and I can live very comfortably within our $7,000 budget; however, we must prepare for when emergencies strike.
Having an emergency fund throughout retirement is necessary because you don’t have the same level of cash flow as when you were working.
We keep $10,000 in our emergency fund but will keep growing
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