Finding Wealthy - Find your way to wealth
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Finding Wealthy will document my own journey towards lasting wealth and will be a community for others who find themselves on the same path. We made good progress on our dividend income goals for this month.
Finding Wealthy - Find your way to wealth
4y ago
School started at the beginning of September, and it’s been a little crazy for me. I’m currently in my first year of my integrated graduate studies, and I’m taking a few additional credits to fill the rest of my generals for my bachelor’s degree at the same time. I also have a couple other projects ..read more
Finding Wealthy - Find your way to wealth
4y ago
After a long hiatus, I’m back. There’s a whole ton that’s happened since my last dividend update in October, but I’ll get into it later. Instead, this post will update my dividend income in October, November, December, January, February, and March. Let’s get to it. October Dividend Income In October we had our best month ..read more
Finding Wealthy - Find your way to wealth
4y ago
Yes…it’s the middle of September. I let these get away from me, and I don’t really have a good reason for it. But I’m back, and I’m trying to settle back into regular updates. July Dividend Totals As far as our dividend income, July was a one of our biggest months this year. We received ..read more
Finding Wealthy - Find your way to wealth
4y ago
The novice (that’s me) makes his first investment My first legal act after my eighteenth birthday was to open a retirement account. If you’re familiar with me, you’ll remember that I grew up on welfare and became interested in money as a teenager. I didn’t want to be in the same position my parents were ..read more
Finding Wealthy - Find your way to wealth
4y ago
Phone costs are ridiculous I think you’d agree that cell phone service costs are insane. When I was 20 I decided I was throwing away way too much money every single month just so I could use a phone. Does any of this sound familiar to you? Spending a huge amount on your monthly phone ..read more
Finding Wealthy - Find your way to wealth
4y ago
Few people are willing to sacrifice so that they can be wealthy. If building wealth was easy or quick, everyone would do it, but instead, most of us walk the journey alone. Our family and friends don’t really understand us. They don’t get why our eyes light up when talking about business, personal finance, or ..read more
Finding Wealthy - Find your way to wealth
4y ago
A while ago I wrote about the tax benefits of dividend income versus ordinary income you would earn as an employee. At the end of my piece, I briefly mentioned that if you own a REIT you’ll be taxed at ordinary income tax rates for most dividends you receive. Today I hope to explain why ..read more
Finding Wealthy - Find your way to wealth
4y ago
Real estate can be a powerful wealth building tool, but it can also be a nightmare waiting to happen. Like most other investment decisions, investing in real estate is all about making informed decisions that will benefit you over the long run. Unlike most other investment vehicles, real estate can be immediately damaging to your ..read more
Finding Wealthy - Find your way to wealth
4y ago
A little over a week ago, I posted to talk about my plan to come up with 100 business ideas over the next twenty days. My goal was to brainstorm 5 business ideas a day, then pick my top 5 ideas and write up a business plan, do market research, and try to find one that I want ..read more
Finding Wealthy - Find your way to wealth
4y ago
Speculative Investing: Don’t Try This I recently purchased a speculative position in Stage Stores, (ticker SSI) and I wanted to share it with you. First off, I want to start by saying that I do not recommend you do follow my example unless you are fully aware of the risks involved with doing so and ..read more