Don't Gamble with Retirement 3

Part 3 of my best-selling book so far. 83 unique chapters of financial independence goodness. Now, I include a new section on Cryptocurrencies. These will be important to any investment portfolio moving forward. Enjoy.

Are you building a retirement plan or a legacy? What if I told you that you could create enough wealth to fuel your retirement, assist your children throughout their lives, and still be able to leave your legacy behind? Indeed, by obtaining assets that produce income, you will be setting this all into motion.

Do you know how to obtain assets? Do you know what to buy? Do you know that you can also create assets?

Don’t worry; in this massive book of passive income, I will break it all down. But before we do any of that, we need to change our mindsets. The world that we live in has produced attitudes that focus on today, not tomorrow. We also buy more liabilities than assets. Do we even know the difference?

After building our mindset and aligning with the path of financial education, we will then explore the Retirement 4-50 plan—this consists of four pillars of passive income. They are 1) Retirement Income 2) Rental Income 3) Investment Income, and 4) Business Income.

1) Retirement Income focuses on building your future while being an employee, including pensions, retirement accounts, and social security. Also, we need to focus on taxes and creating multiple streams of income.

2) Rental Income brings us to creating wealth through real estate. And not just buying rental houses, but also things like creating real estate notes and harvesting the land. There are many ways to exploit real estate, and we cover many of them.

3) Investment Income focuses on the stock market. We want to invest for income via dividends. To do this, we need to understand dividends, market cycles, and the importance of interest rates. We also take a deep dive into Real Estate Investment Trusts. Building the mindset of an investor (vice a trader) is the most crucial part of investing. 

4) Business Income is one that most people want to avoid. It requires excellent financial sophistication. However, we will need to create royalties by creating content. Also, we review how to start a business that can be automated, out-sourced, or run by others. Remember, the goal is passive income- not to create another job for ourselves. 

5) Cryptocurrency Income is the new kid on the block. There are ways to earn good amounts of interest on crypto investments, as well as capital gains. Crypto may be a good source of passive income in the near future. We need to jump into this new universe. 

Putting all these together will allow us to have cash flow throughout our lifetimes and then throughout our children and grandchildren’s lives as well. Not only is this cash flow passive income, but it also represents generational wealth.

So join me on a journey towards financial independence. Get educated, take action, and Don’t Gamble with Retirement.