Category: results
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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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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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How to make an extra $1000 dollars and why you should do it.
Is it really possible to make an extra thousand dollars in today’s economy? I personally believe it is easier today than it ever has been. The problem is most people aren’t willing to do what it takes to get the money. I can remember in the early 2000’s when I was in my early twenties.…
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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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Deal Deep Dive: Is it cheaper to rent or to buy a home?
A question that is debated quite often: Is it better to buy a home/apartment or rent? Financially speaking it is way better to rent a home especially if you don’t plan on living there longer than five years. But if you are looking to start a family or raise a family and are looking to…
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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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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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13 reasons to invest in income producing real estate.
If you aren’t sold on why you should have real estate in your investment portfolio, maybe I can share with you 13 more reasons why you should consider it. I am not stocks and bonds guy. I don’t believe in giving money to companies that I don’t believe in. I also don’t want to invest…
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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…