Passive Income With No Money Down

Before We Begin… Let’s discuss two very important points: First, leverage is not for everyone. And by leverage, I mean controlling a larger amount of money with a smaller amount of money. If you don’t have 1) a solid cash reserve and 2) the basic financial discipline of spending-less-and-saving-more, I don’t recommend the use of leverage. YouContinue reading “Passive Income With No Money Down”

Most People Do Not Want to be Financially Free

Let’s Define “Want.” When I say most people do not want to be financially free, I’m not saying that they wouldn’t like to be financially free. I think most people would like to be financially free like most people would like to win the lottery or how they would like to have their dream car. When IContinue reading “Most People Do Not Want to be Financially Free”

Why You’re Not Financially Free: Part 5

I wished I knew this earlier. This entire game, becoming financially free and creating passive income, is all about who you know. When I was younger, I thought, “If I just had the right skills. If I just knew how to trade stocks or how to flip houses. If I just knew how to startContinue reading “Why You’re Not Financially Free: Part 5”

How’s That Working Out For You?

New Year’s resolutions. Ah, January! That reflective time of the year when we reevaluate our career, goals, and relationships. When we look at the scale in the bathroom and sigh. When we sign up for an annual gym membership and only use it for three weeks. Many of us set new year’s resolutions. Yet, ifContinue reading “How’s That Working Out For You?”

Retirement vs. Financial Freedom

Let’s make a distinction. Being financially free does not mean that a person is retired (although they could be). Being financially free simply means one thing: Your monthly passive income exceeds your monthly expenses. This means a janitor who created $3,000 in monthly passive income to cover $2950 of monthly expenses is technically financially free.Continue reading “Retirement vs. Financial Freedom”

12 Ways My Life Changed

Worst or best year ever? 2020 has been, paradoxically, one of the best years of my life. For the few of you who actually know me, you’ll find this peculiarity rather fitting in respect to my identity. It’s strange. I’m strange. The lines get blurred. But I am doing really, really well. Fourteen months agoContinue reading “12 Ways My Life Changed”

College vs. Contract

This is going to sting a little. Today, the average cost of one year of college in the United States (room and board, tuition and fees) is $26,820 at a public, in-state university. That’s right. It gets significantly more expensive if you either go out-of-state or go to a private college (over $40,000 and $50,000Continue reading “College vs. Contract”

The System is Built

Have you ever purchased a wealth-building course? I have. Quite a few actually. How did that work out for you? Courses from gurus who have achieved success in business, real estate, or in the markets. “And you can do it, too! Just follow these three, easy steps!” You take a risk, make a purchase ofContinue reading “The System is Built”

Why You’re Not Financially Free: Part 4

Problems with the middle-class strategy. If you call up your typical brokerage firm, they’re mostly going to all say the same thing: Put money into an IRA or 401k, invest in index funds, and pay off as much debt as you can. Then, after slaving away 40 hours a week for the next four decades,Continue reading “Why You’re Not Financially Free: Part 4”

My CEO Has This Saying

“Your job is to save people from themselves.” When I first started down this path to financial independence well over a year ago, my CEO said this simple phrase to me. “Jay, your job is to save people from themselves.” Mind you, he was saying this well before I started networking for him like IContinue reading “My CEO Has This Saying”

Pouncing on Opportunity

There is something I’ve noticed. Since I started this crazy adventure of financial freedom, networking, and pseudo-self-employment, here is one thing I’ve discovered: There are people who see opportunity and pounce. On the other side of the coin are people who are either not at all interested in risk. Tire kickers. They ask all theContinue reading “Pouncing on Opportunity”

Covering the Cost of That Awful Monthly Expense

Is there a monthly expense you despise? Perhaps a car payment? A student loan? Or a medical bill? Maybe it’s something bigger such as child support. You know if you can cover this expense, your life would be so much easier. Yesterday I was speaking to a family member who had to get a newContinue reading “Covering the Cost of That Awful Monthly Expense”

My Last Day Working 9-to-5

I’ll never forget the day I quit my day job. A while back I had my last day of working a day job. Praise God. I had finally created enough passive income to cover my monthly expenses (and then some). I had enough in savings to be comfortable. This was it. There’s no turning backContinue reading “My Last Day Working 9-to-5”

Would You Like a Free Car?

Doubts. Fears. Concerns. “Nothing is free. “That’s not possible.” “Free car? Yeah, right!” Coulda. Woulda. Shoulda. I’m looking for the rare individual who asks, “Really? How?” Let’s start with this. The two most common ways to purchase a car are pretty straightforward. You can either: 1)Pay for the car outright, or you can… 2)Finance theContinue reading “Would You Like a Free Car?”

Why You’re Not Financially Free: Part 3

You’re driving the wrong car. Imagine pulling up to the Indie 500 in a 4-cylinder sedan. And you’re here to race! You want to get ahead. To win! To come in, perhaps, in the top ten. With that vehicle? Sorry, pops. No dice. Want to get ahead in wealth creation? You’re going to need aContinue reading “Why You’re Not Financially Free: Part 3”

Cashflow, Not Courses

There are a lot of gurus out there. Teachers. Masters of money. They pitch you with binders and videos and mentoring. They offer the highest returns and make a disclaimer that such results are not common. They have Facebook pages and Instagram videos. They spam your email. They have a book to sell you thatContinue reading “Cashflow, Not Courses”

Stop Giving Your Money Away

It’s just that simple. When I was in my 20’s I purchased a game by a well-known financial guru. It was a board game that taught you how to become financially free (i.e., your monthly income exceeds your monthly expenses). It starts similarly to the classic game of Life, where you are a banker, doctor,Continue reading “Stop Giving Your Money Away”

Why You’re Not Financially Free: Part 2

The only currency is time. Everything else can be multiplied. Welcome to part two of a billion about why you’re not (yet) financially free. This time it’s about time to discuss time! Every day when you wake up, the clock starts ticking. You have approximately 23 hours and 56 minutes until the earth completes itsContinue reading “Why You’re Not Financially Free: Part 2”

What is Risky?

A common claim that you will hear when discussing wealth creation is that certain financial strategies are “risky.” Of course, certain financial vehicles are indeed risky. Some carry the risk of unlimited losses. Others have an extremely low probability of paying out. Others will lose their value at an exponential pace. The savvy individual, however,Continue reading “What is Risky?”