Pennies Into Fortunes
A site dedicated to showing how anyone can become wealthy in real estate investing.
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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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This one monthly payment made me sick every time I paid it.
Have you ever had to pay for something that you didn’t really use, but you were committed to paying for it for a certain amount of time because of a contract or some other reason? Those payments suck don’t they. You wish you could go back tell yourself not to commit to it or purchase…
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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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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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5 pieces of BAD financial advice I received over the years.
As I think back on the financial advice I have received throughout my life, I have come to realize that most of it was given to me or adopted by me, from people who didn’t really know that much about it. Look, my parents didn’t intentionally provide me bad financial advice. They just didn’t know…
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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…
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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…
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Where I am currently putting my money.
A treasury bill (T-bill) is a short-term debt security issued by the government of a country to finance its short-term borrowing needs. In the United States, for example, T-bills are issued by the U.S. Department of the Treasury and have a maturity of one year or less. T-bills are considered to be a very safe…
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Quit delaying, write the check.
One of the things I hear from people from time to time is I have enough in checking or savings to pay off all of my debt. And my response is always, then why haven’t you? In my late twenties, even though I was making so called “good money” I had still accumulated some credit…
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Pennies into Fortunes 