Category: lessons learned
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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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Three things a teen must DO to stay out of poverty.
There is some research that I have heard about for years now around what teens can do to prevent themselves from living in poverty the rest of their lives. This morning I took a deep dive to learn more about the research and the findings. Although this research and information came out in 2012, the…
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Why do we think this is harder than it really is.
In his great book titled Change or Die, the author, Alan Deutschman makes the point, backed up by a lot of research that people really would rather die than change their habits or routines. Here is one example: Consider those patients with heart disease. Most with heart disease find themselves needing medical help because of…
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5 pieces of the BEST financial advice I have ever received.
I am sure over the years I have been given a lot of financial advice that I have incorporated in some way into my life. If you are open to learning you will seek and find nuggets of wisdom in everything you do. For this post, I was thinking about what are those pieces of…
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Three ways to squeeze more cash flow out of your rental properties.
Like many real estate investors right now finding cash flowing deals is very hard. The only deals that cash flow are most likely heavy value add deals or buying deals in neighborhoods you might not really want to own. The way I am creating cash flow in the deals I am doing is the most…
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This one thing keeps the middle and low income earners stuck.
In my late teens and twenties I was a car guy. I thought that for me to drive a nice car I would always have a car payment. A nice car, practically meant, that it would be reliable and I wouldn’t have to worry about issues all of the time. However, I know practically it…
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This one thing is the most important to have as an investor.
I remember it like it was yesterday. There was a stinch that over took you as you walked through the front door. Walking through room after room was full of a junk like one of those harder houses. The walls looked liked they had been thrown up on. The kitchen looked like all they did…
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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 are looking for this you are going about it all wrong.
In our world today we have too much information, knowledge and opinions at our finger tips. We just have to open up our phone and everything is right there. We don’t spend enough of our time is looking within ourselves for the reasons, some would say the “why” for our search to begin with. Let’s…
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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…
Pennies into Fortunes 