Retiring to a Small City: And Living on Passive Income: Financial Freedom, #123
By Joshua King
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About this ebook
Do you live in a major metropolis? Are you attempting to live the American dream there? How's that working out for you?
With a slight mindset shift, you can actually live the American dream. No, not in Los Angeles or New York City, but in Bixoli, Mississippi.
By retiring to a small city, you can live entirely on passive income. This means that no one controls your time.
You can also forego the additional luxuries required in a big city, such as ultra-nice cars and fancy furniture.
I'm leaving the workforce at age 42 and never looking back. I could live in San Diego and work until age 80 or retire this year in Pensacola. Tough choice?
Read more from Joshua King
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Retiring to a Small City - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF
Retiring to a Small City
Monthly Dividend Tracker Template: Buy on Etsy
All Right Reserved Military Family Investing | 01 Retiring to a Small City and Living on Passive Income
02 Saving for a House Down Payment #6: Family, Big City
03 The American Dream Costs $5 Million
04 Real Estate Investing in Your 50s
05 Be Extreme Toward Your Dream
Free 42-Page PDF Download ($2.99 Value)
06 Living on $3,000/month in San Diego
07 Time is Money #2: Save
08 The Golden Handcuffs of Lifestyle Inflation 2
09 Envision Your Life Without a Paycheck
10 Big Cities Require Big Mindsets
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MILITARY FAMILY INVESTING
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MILITARY FAMILY INVESTING
Joshua King
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www.militaryfamilyinvesting.com
Retiring to a Small City
And Living on Passive Income
01 Retiring to a Small City and Living on Passive Income
02 Saving for a House Down Payment #6: Family, Big City
03 The American Dream Costs $5 Million
04 Real Estate Investing in Your 50s
05 Be Extreme Toward Your Dream
06 Living on $3,000/month in San Diego
07 Time is Money #2: Save
08 The Golden Handcuffs of Lifestyle Inflation 2
09 Envision Your Life Without a Paycheck
10 Big Cities Require Big Mindsets
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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 Retiring to a Small City and Living on Passive Income
Are you living in a big city attempting to fulfill the American Dream? How’s that working out for you?
Even in small remote towns, the American Dream can cost upwards of $5 million. Actually, it’s more than that, just from last year’s inflation.
If you are seriously considering retiring before 50, you must be extreme toward your dream. Perhaps the most significant decision is where you will live.
How to Buy and Track 30-Year Bonds
My background story. My wife and I will retire this year at ages 39 and 42, respectively. I will receive a military pension of roughly $8,000/month.
We will live in Pensacola, Florida, a town of about 100,000 (including the outskirts). I bought two homes in Pensacola, one in 2017 (mortgage $1,300/month) and another in 2020 (mortgage $1,800).
Why are my mortgages important? That’s the key indicator of if you can retire or not. With a pension of $8,000/month and a mortgage of $1,800, we are sitting pretty.
In addition, we do not spend much. We can live comfortably on $5,500/month, including the mortgage.
Saving for a House Down Payment #2: Single Person, Big City
More is better. But why stop at just a military pension? I want to ensure we can still save and invest (dividends). We still need cash flow to cover expenses relating to our three homes (one in Arizona).
We want to ensure we can help our kids and prepare for our grandkids. These dreams require cash flow, so depending solely on our military pension isn’t an option.
In addition to our military pension, we also have roommates (+$2,000/month), dividends (+$1,500), and rental income (+$650). I don’t include my book and website money, as this is just for play.
You Can’t Get Rich By Acting Rich
Life is good,
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