Pennies Into Fortunes
A site dedicated to showing how anyone can become wealthy in real estate investing.
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Demystifying Present Value: Unlocking the Power of Financial Evaluation
Present value, in finance and investment, refers to the concept of determining the current worth of a future sum of money or a series of cash flows, discounted to reflect the time value of money. It is a method used to evaluate the profitability or attractiveness of an investment opportunity. When it comes to real…
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How can I save and invest more money?
Author James Clear in his monumental best selling book, and the one book I highly recommend everyone read at least twice has a lot to say about the 1% rule. The 1 Percent Rule states that over time the majority of the rewards in a given field will accumulate to the people, teams, and organizations…
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3 things I did early in life that I would not do today.
A great friend and mentor of mine by the name of Ken Byrd told me years ago, before he passed away. He said, “Brian, some people have one year of experience 20 times, while others have 20 years of experience.” Back then he was talking specifically about career advice and how to grow within an…
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Why you will Never be able to Save yourself in to wealth.
One of the old adages I have heard a million times is this exact phrase. You can’t save yourself in to being wealthy. Translation: You can’t only save money and expect to accumulate wealth. It is impossible. The money you made yesterday is worth less than it is today. And it will be worth less…
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3 reasons I know your financial situation will never change for the better.
Over the the last six months I have devoted much of my writing to finances, real estate, and the overall economics of life. As I have made that transition, some of the topics I have written about can really get people motivated to push back on some of my positions. I personally love the banter.…
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Why your housing costs should not exceed 25% of your take home pay.
A lot of people need guidelines in life to help them know whether or not they are doing what they are supposed to do. Or put another way, the way that will help them be successful. The 25% rule is one that many of the financial experts use. But where does it actually come from?…
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How to make an extra $1000 dollars and why you should do it.
Is it really possible to make an extra thousand dollars in today’s economy? I personally believe it is easier today than it ever has been. The problem is most people aren’t willing to do what it takes to get the money. I can remember in the early 2000’s when I was in my early twenties.…
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The fast rising Interest Rates explained.
Unless you are living under a rock, then you know that the current overall economy isn’t doing that well. No matter the spin coming from the White House and its aligned corporate media telling you other wise, here is the truth. Three things are impacting the economy. Well, four if you count the overall incompetence…
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How much money do I need to retire?
Well as you can imagine, the amount of money necessary to retire can vary from person to person. It depends on the lifestyle you want or you have grown accustomed to. The general rule of thumb is the “4% rule,” which suggests that you should plan to withdraw 4% of your retirement savings in the…
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4 mindset shifts that I had to make to build wealth.
There are many ideas and requirements around what true wealth is to an individual. It could be wealth in their health, happiness, love, joy, etc. But in this post I am talking specifically about wealth from a money standpoint and the mindset shifts I had to make to start building some form of it for…
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Pennies into Fortunes 