Your 401K is Not Enough: Financial Freedom, #49
By Joshua King
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About this ebook
They told you that your 401K was enough for retirement? Were they lying, or can you survive on your 401K?
A little of both. Even if you have millions in a 401K, you need to convert that money into productive income.
Or you can create streams of income in addition to your 401K. Having a 401K, social security, and a pension are significant steps towards living a comfortable retirement.
However, if you add dividends, bonds, royalties, rental income, and cryptocurrencies to your portfolio, you can build an extraordinary life for yourself. Good Luck!
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Your 401K is Not Enough - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Home of the Free PDF
The 401K is NOT Enough
Monthly Dividend Tracker Template: Buy on Etsy
All Right Reserved Military Family Investing | 01 Your 401K is NOT Enough
02 Your 401K vs. A Recession
03 Dividends vs. Social Security
04 Net Worth vs. Passive Income
05 Home Maintenance Budget vs. Emergency Fund
06 Happy Cash Flow Retirement 8
07 You’ll Need $20,000/month of Passive Income
08 Mindset
09 The 8-Hour Mindset Destroys Wealth
10 What is Your Rich Life 2?
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The 401K is NOT Enough
It’s a Good Start, but You’ll Need More
01 Your 401K is NOT Enough
02 Your 401K vs. A Recession
03 Dividends vs. Social Security
04 Net Worth vs. Passive Income
05 Home Maintenance Budget vs. Emergency Fund
06 Happy Cash Flow Retirement 8
07 You’ll Need $20,000/month of Passive Income
08 Mindset
09 The 8-Hour Mindset Destroys Wealth
10 What is Your Rich Life 2?
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Monthly Dividend Tracker Template: Buy on Etsy
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 Your 401K is NOT Enough
This article will hit some people hard. They led us to believe that our 401Ks were the end-all-be-all for retirement.
If we just saved enough in our 401K, plus maybe a small pension and social security, we would be alright until the end of life.
Unfortunately, the world changes faster than we do as humans. Companies, corporations, governments, and families will no longer look out for us—we are on our own.
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The problem with 401Ks. 401Ks are a great way to save and invest. Add in an employer match system, and you can grow wealth. However, a 401K is static wealth, not functional wealth.
There are other ways to put this statement: rich vs. wealthy
or "net worth vs. passive." Put simply; a 401K is a large pile of unproductive money.
We live on income or, put another way, cash flow. When we go to work, we receive a paycheck. After we pay all of our utilities, debt, and bills, what remains is cash flow.
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If there is an emergency or a maintenance issue with our home, we can solve the problem with a pile of cash. However, we look forward to cash flow to replenish our reserves. We need cash flow.
The 401K does not give us cash flow or income. To generate cash flow, we need