Category: How to be rich
-
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…
-
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…
-
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…
-
In honor of Tax Day, let me tell you how much you actually pay each year in taxes.
Today is Tax Day 2023. As you are scrambling to make sure you file your taxes remember this. It wasn’t until 1913 when the 16th amendment was ratified which gave Congress the legal authority to tax all incomes. Up until that point there were no federal taxes. Up until then it was only done at…
-
The one calculation often overlooked in real estate investing.
We all know that the current real estate market is highly competitive and as a real estate investor it is getting harder and harder to find deals that cash flow. With some of the deals I have done recently my cash flow has been solid, but not like it used to be. So one of…
-
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…
-
The lesson I learned about money by watching my older brother.
When I was a kid I can remember sitting in the van watching my dad and my pappaw cut grass for an owner of a few apartment complexes around town. This was way before every guy in town had a truck pulling a trailer full of large scale mowers. My pappaw had an old red…
-
This stat blew my mind
A few years ago, an author I was reading asked a simple question. He said, “How long could you live your current lifestyle with all of your expenses if your main or only source of income was cut off today?” To me this was an interesting question that I didn’t have the answer to. The…
-
Never ignore the #1 rule of Real Estate investing.
As someone who loves real estate investing and have been doing it for close to twenty years you would think I would never forget this #1 rule of real estate investing. The most important thing on a real estate investing transaction is cash flow. If it doesn’t cash flow, move on. I recently found myself…
-
How to earn PASSIVE INCOME without hassle.
A syndication deal in real estate is a structure where multiple investors pool their money together to purchase and manage a property or portfolio of properties. The investors are known as limited partners, and they provide capital in exchange for a share of the income and potential appreciation of the property. The general partner, who…
Pennies into Fortunes 