In Our Meeting with Two Financial Planners there was an epic comment that I just couldn't let go to waste. I know that many people don't read the comments (I don't know why as there's often very valuable information in the comments but I know many don't read them because I often get questions emailed to me that have been answered in the comments). Off track a bit: if you … [Read more...]
Dividend Investing with Margin Loans During a Pandemic and Market Meltdown
In How I Added Dividend Stocks to My Portfolio, Part 1 Millionaire #140 made this comment: I noticed that the vast majority of millionaires do index funds, and for almost a decade now I’ve done nothing but buy individual dividend stocks. There’s been several times I’ve second guessed the strategy, it’s always hard to go against the herd unless you have an unnatural level of … [Read more...]
How I Added Dividend Stocks to My Portfolio, Part 2
Today I'll continue telling you how I ended up buying almost $200k in dividend stocks recently. In case you missed part 1 and want to catch up, see How I Added Dividend Stocks to My Portfolio, Part 1. In that post I set up the background (my interest in dividend investing), how I educated myself on dividend investing, and how I developed a set of criteria I wanted to see … [Read more...]
How I Added Dividend Stocks to My Portfolio, Part 1
Warning: I need to put this upfront just to be 100% clear to all readers. This post is about what I've done investing-wise. It's not about what you should do investing-wise. I do not know your goals, financial situation, or any one of a hundred other details that would even slightly qualify me to offer any investing advice to you. As such, this post is not meant as … [Read more...]
Seven Steps to Creating Passive Income through Dividend Investing
The other day on my post titled Coronavirus is Killing Me in a Different Way, long-time reader Apex (who is known for leaving awesome comments on this site) left this suggestion: I think many here might find an exploratory dividend stock post valuable as a means to consider another source of passive income. Comments from the community of people who have been doing this giving … [Read more...]
Coronavirus is Killing Me in a Different Way
It was a few weeks ago when I thought about one of my friends...I hadn't talked to him in some time. I messaged him via Facebook to see what was going on. I asked if we could chat sometime soon and catch up. He responded that he was swamped at work and really didn't have any time to talk right now. Then he sent me the following words: "Coronavirus is killing me in … [Read more...]
Why You Should Invest in Real Estate
I've been meaning to do a real estate post for some time now. I'm finally getting to it with this one. In my walks around the neighborhood I've been listening to The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss and really enjoying it. The book is a good, solid primer on real estate investing and I wish I had read it before I got … [Read more...]
Why I Bought Rockstar Finance After I Retired
Here's a fun post I think you're going to enjoy. I liked rereading the article since it was like visiting a bit of history. As many of you know, I bought a financial curation website called Rockstar Finance at the end of 2017. I worked on it for a bit over a year, growing and monetizing it, then sold it for over twice what I paid for it in March 2019. Since then, … [Read more...]
Five Reasons You Should Invest in Storage Units and Three Ways to Do So
I've shared on various posts that I have a ton of cash laying around at the present moment. I have found a use for some of it in private real estate lending, but there's still plenty left over. I'd love to buy some more rental apartments, but both markets I'm interested in (my current home of Colorado Springs and where my current units are in Grand Rapids, MI) are way … [Read more...]
How to Invest in Private Real Estate Lending
I have mentioned from time to time that I'm making 10% back on money ($125k so far) I've loaned to a friend who's buying real estate. Some of you more perceptive (and interested) readers have picked up on this and sent me notes. Here's an example of one I received recently: From reading your money blog I see that one of your income streams comes from lending money to a … [Read more...]
