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Archives for February 2016

My Road to Becoming a Landlord

February 29, 2016 By ESI 17 Comments

Landlord tenancy agreement

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 tall … [Read more...]

Filed Under: Invest, Real Estate

Moderate and Selective Frugality

February 25, 2016 By ESI 13 Comments

Gold piggy bank locked up in chains

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. Here's why the book says the … [Read more...]

Filed Under: Save

My Real Estate Objectives and Strategy

February 22, 2016 By ESI 18 Comments

Colorful plastic model monopoly houses

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...]

Filed Under: Invest, Real Estate

My Entry into Peer-to-Peer Lending

February 18, 2016 By ESI 27 Comments

Lend and borrow keys on keyboard

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 … [Read more...]

Filed Under: Invest

The Best Way to Maximize Your Investment Return

February 15, 2016 By ESI 16 Comments

US Liberty silver dollars

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...]

Filed Under: Invest

Income and Spending Scenarios and the Impact on Wealth

February 11, 2016 By ESI 9 Comments

Woman holding fan of cash

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 and … [Read more...]

Filed Under: Cash Flow, Net Worth

How to Manage Your Career to Make Millions More

February 7, 2016 By ESI 26 Comments

Chalk drawing of man walking up stairs

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...]

Filed Under: Career, Earn

Two Huge Reasons Why Your Career Matters

February 4, 2016 By ESI 6 Comments

Businessman with briefcase and $100 bill

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 … [Read more...]

Filed Under: Career, Earn

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