Category: compound interest
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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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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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You aren’t serious about investing in real estate unless you are doing this.
One of the things we all know is time is money, but what is often not stated is that you have to invest both time and money to get any kind of result. As a passive real estate investor early on in my investing career I wasn’t looking at enough deals to see if they…
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16 Ways to build wealth outside of the Stock Market.
I don’t believe growing your wealth is a passive endeavor. It requires commitment and focus if you want to do it during the part of your life where you can actually enjoy it. And I definitely don’t think it is something you should outsource and hope that someone will do for you. Yesterday I was…
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If you don’t learn to earn this, you will definitely be paying it.
Albert Einstein famously said: “Compound interest is the eighth wonder of the world. Those who understand it, earn it; Those who don’t, pay it”. So why is it so important to understand? Compound interest is the interest on interest, meaning that the interest earned on an investment is added to the principal, and the total…
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3 mistakes investors make when calculating Net Operating Income (NOI)
There are several numbers and metrics you should look at when you are investing in a business, but this metric is one of the most important ones for real estate. And yes when you build a portfolio of income producing real estate, it is a business. In real estate, NOI is used exclusively to determine…
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The one formula you need to know to financial freedom.
The one thing that is not talked about enough in the financial world or the investing world is your ability to save. Wherever you are in life in general and financially right now is an accumulation of all the decisions you have made up until this point. If you don’t like where you are, you…
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Rule of 72 explained in a layman’s terms
Like you and for me and I would safely say, most of the people on earth. We all have read and heard things that we thought we understood and had an understanding of and after a deeper dive we learned we didn’t really know as much as we thought. The rule of 72 is one…
Pennies into Fortunes 