I am a fan of using real estate investing to climb the wealth-building mountain. One of the most unique benefits of real estate investing is that it can give you the ability to use smart leverage to magnify your returns while also protecting your down side. The Power (and Danger) of Leverage Ancient greek scientist and philosopher Archimedes once said: Give [Continue Reading]
Archives for October 2015
The 2-Minute Drill of Life: Is It Too Late To Invest in Real Estate?
A few years ago I was talking to a real estate coaching client who was extremely anxious about his finances. The details have been changed for his privacy, but let’s call him James. James was in his late 50s, and he felt like time was working against him. A series of life setbacks during the prior [Continue Reading]
The All-Cash Plan – Path #1 to Free & Clear Real Estate
On your path to a destination of Financial Independence, I think a simple but powerful goal of free & clear (no debt) real estate is a good idea. Your free & clear goal might be, for example, to own 10 houses that together rent for $12,000 per month ($1,200 per house) and net $7,000 per [Continue Reading]
Happiness: An Unexpected Benefit of Frugality
If you’ve followed me for long, you know that I think frugality is important. By frugality I do not mean painfully depriving yourself of happiness now so that someday you’ll be more happy. I also don’t mean you have to live in a tent or eat rice and beans your entire life. No. Frugality can make you happier [Continue Reading]
Service: A Simple Strategy to Make More Money (and Become Happier)
I like to say that frugality has bought my freedom. Frugality is important after all because a savings rate is the primary indicator of how short (or how long) it will take us to reach financial independence. But, frugality is only the first factor that affects your savings rate. The second factor is your income. To [Continue Reading]