income

Dividend Stock Portfolio Midyear Checkup

07.11.2014
Dividend Stock Portfolio Midyear Checkup income retirement

Sadly, I have been neglecting our dividend portfolio this year. We have been so busy with our rentals that I haven’t paid attention to our other “passive income” streams. Fortunately, the sales of our rentals are now completed so I can give our dividend portfolio a thorough midyear checkup. I have got to say the dividend portfolio is my favorite passive income stream at the moment. It doesn’t require a lot of maintenance and I know the dividends will keep rolling in. These companies are pretty solid and even if the price drops a bit, I’m pretty sure they will […]

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Planning Your Retirement? Think Income, Not Assets

04.25.2014

The following article is from Mike, our staff writer. How will you know when you’re financially ready to retire? Most people don’t give that question much thought at all, but as readers of RB40 I’m going to assume you’re a little more financially savvy than the average Joe on the street.  Perhaps you’ve already sat down and come up with an estimated amount you need to save in order to retire safely using the four percent rule. If so, that’s great!  You’re already way ahead of most people and you’re at least beginning to map out your plans for retirement. But […]

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Making More vs Saving More

01.24.2014
Making More vs Saving More

The following article is from Mike, our staff writer.  When Joe and I first talked about the possibility of me being an RB40 contributor, he asked me a few financial questions to see if I’d be a good fit.  One of those questions was: “Which do you think is more important? Saving more or earning more?” This was a real no-brainer for me because I had just discussed this exact topic over a glass of wine with some friends a few nights earlier. The obvious answer is that you want to earn more and save more.  Remember, the simple way […]

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You need to know a little DIY home repair to be a landlord

08.12.2013
You need to know a little DIY home repair to be a landlord

Are you a landlord or an aspiring landlord? Rental properties are a great way to generate passive income, but it could be a lot of work, too. We have a property manager for our 4 plex, but I manage our old house and another condo myself. One of the requirements of managing your own rentals is at least a little DIY ability. Now, I am not the handiest guy around and we don’t have a lot of tools because our small condo doesn’t have a lot of storage space. That’s too bad because if we had storage, I could build […]

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