Category: goals
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Why I am still bullish on real estate…
I personally believe real estate outside of most of the major metros are still at an all time low and will only go higher over the next decades. If you are an avid reader of my blog then you know my feelings on how I believe the government will continue to spend and print money…
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The scary facts about your money and how it is taxed that you don’t really want to know.
In 1773, the colonists dumped British Tea in to the Boston Harbor because of the taxation that was coming from the British empire. This act by the colonists was one of the first steps to the American Revolution and ultimately American Independence from the monarchy. Fast forward to today. Now who are the ones who…
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How the middle class is getting screwed and 10 things you can do to stop it.
It doesn’t take a math wizard for you to look at your checking account and know that your dollars aren’t going as far as they used to. And the current administration is telling you that things are better economically and you know this just isn’t true. The real problem though is the middle class that…
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What is DSCR and why it is so important in real estate investing.
When I first started investing in income producing real estate. There was so much I didn’t know or even understand. My first several properties that I purchased I just wanted to be able to charge and earn in rental income twice as much as the mortgage payment. I wasn’t overly sophisticated on all of the…
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Why not taking risks is riskier.
Which one of these is riskier… Do nothing…or Doing something? If you are now one of those people who are overthinking the question and trying to add all kinds of nuances and scenarios to it to answer the question. You are most likely not a risk taker. And when you do take risks you probably…
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5 Reasons why the Meritocracy is the best system.
In a world full of different opportunities based on your upbringing and the things you may or may not have been exposed to. The one thing that never fails and will always seek and find the best of the best, is the meritocracy. What is the meritocracy? Meritocracy is a system or philosophy that advocates…
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How one penny a day could make you rich.
Depending on where you are in your journey towards financial success and financial independence, you may or may not have heard this illustrative point before. And if you have, it is a great reminder on the power of compound interest. Here’s the question for you: I am offering you 1 million dollars today. Or you…
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Embracing Action: Overcoming Indecisiveness
More is lost by indecision than by wrong decision. The first time I heard this quote was in the season four, episode thirteen of the Sopranos. The name of that episode was Whitecaps. And it is by far one of the top five episodes in the series. And this has nothing to do with this…
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This is why inflation is going to persist and will continue to erode your purchasing power.
As of me writing this post this morning we are awaiting the Consumer Price Index (CPI) for May 2023 to be released. What is CPI? It is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S.…
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3 mistakes new investors make when buying their first investment property.
We all make mistakes especially when it is the first time we are doing something. These mistakes usually don’t have long term consequences. Well, we hope not at least. Most mistakes can be over come. However, when it comes to investing in real estate if you can prevent these mistakes you will be way better…