Category: personal development
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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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The biggest wealth creation tool that you already possess.
I am a sucker for catchy headlines more than the next guy I think. Especially when it comes to money, health, fitness, and wealth building. So if you are like me and this headline grabbed your attention I will get straight to the point and why you are here. The biggest wealth creation tool you…
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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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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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3 facts about retirement that should scare you!
I was curious to understand how much money the average American has saved for retirement. The information I learned scared the hell out of me and should scare the hell out of you. If you are long time reader of my work, then you know that there are a couple of things I wholeheartedly believe…
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5 reasons you should not invest in real estate hoping for appreciation.
There are debates in the real estate world on which strategy is best when it comes to purchasing income producing property. Should you invest in a great property with lower cash flow, if any, and hope that the asset appreciates significantly over time? Or should you invest strictly for cash flow? Remember HOPE is not…
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The 10 facts of life that nobody talks about enough.
From time to time we all think about life and the things we have learned along the way. If you don’t do this, you should. Because so often we are living our busy life we don’t take the time to really understand our life. You have to to take the time to think. I had…
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One calculation I wish I would have learned sooner and it’s not about money.
I recently read the book titled Die With Zero, authored by Bill Perkins. As the title suggests it is about money, but not totally in the way you think. In the book he discussed in detail the concept called “ROE” (Return on Experiences). And I wish I would have learned this concept earlier in my…
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Why security is an illusion and what you should do instead.
The United States of America was founded by a group of guys who made the risky decision to go against the British and the crown. They were willing to risk everything they had for an idea of a new country, a new world that was founded on principles of liberty and a true democracy. One…