I've talked a few times about the fact that I own rental real estate. Today I want to share with you how I got started in it several years ago. Basketball Connection It all started several years ago when my son began playing basketball. A couple years into the process, a new family joined the team. Their sons had never played basketball, but they were both over 6 feet … [Read more...]
Archives for February 2016
Moderate and Selective Frugality
A couple years ago I was in need of an audiobook to listen to during a long drive, so I picked up Money Secrets of the Amish: Finding True Abundance in Simplicity, Sharing, and Saving. To say the least, it was an interesting "read." In case you were thinking about reading this book, I'll save you the time and give a quick summary of why the book says the Amish do well … [Read more...]
My Real Estate Objectives and Strategy
As I mentioned in Invest Overview: Fueling Your Net Worth and My Plan for Total Financial Freedom (AKA My Retirement Plan), real estate is a key part of both my investment and financial freedom plans. In a future post I'll share details and the financial performance of my rental properties. Before I do that, I wanted to highlight my objectives for investing in rental real … [Read more...]
My Entry into Peer-to-Peer Lending
As I mentioned in an earlier post, peer-to-peer lending (P2P) is part of my financial freedom/retirement plan because it allows me to diversify my investments while earning 6%+ on my money. But I didn't know much about P2P. Late last year I decided I needed to change that. FYI, I actually wanted to try P2P many years ago but I lived in a state that didn't allow you to lend … [Read more...]
The Best Way to Maximize Your Investment Return
In both Why Another Financial Website? and How to Measure and Track Your Wealth I mentioned how the financial media often doesn't understand financial principles (which is evident because of the terminology they use) and thus give out incorrect information. Well, they do many Americans a similar disservice when they focus on return rate to the exclusion of other investing … [Read more...]
Income and Spending Scenarios and the Impact on Wealth
We've talked about how cash flow over time leads to building wealth, which is also called net worth. Today I'll add a bit to past discussions by showing how these two work together in various scenarios, and what the wealth impact is in each case. Two Factors I've noted previously that there are two factors that account for whether you accumulate wealth or not: income … [Read more...]
How to Manage Your Career to Make Millions More
Now that we've established that you can make your career worth millions more if you manage it correctly, let's discuss what steps you need to take to do this. You Must Be Proactive Before we get into details, let's discuss the one thing most people don't do that's costing them millions: they don't manage their careers. Most people simply have a "take-it-as-it-comes" … [Read more...]
Two Huge Reasons Why Your Career Matters
In Earn Overview: How to Grow Your Income I talked a bit about why your career is so important. I'd like to expand on those thoughts in this post. There are many aspects to growing and managing your career and we will discuss those during the life of this blog. Today we will focus on why you should take the time and effort to focus on your career. There are many reasons … [Read more...]
