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]
How to Get Started in Real Estate on a Shoestring Budget
You can pretty much divide the business universe into two different worlds: Big corporate businesses Small, lifestyle businesses Most of the business advice in books and in graduate schools is targeted towards #1 – big corporate models. As you may know, I lean heavily towards #2 – a small lifestyle business. A partner and I run [Continue Reading]
How to Retire Rich With Embarrassing Old Cars and Fixer-Upper Houses
At coachcarson.com I love to write about starting a business, doing deals, flipping houses, and finding many other ways to increase income. Our incomes are the essential engines that help us retire early and reach a destination of financial independence. But, as I also write about, more income by itself is not sufficient. There are high-income earners [Continue Reading]
Get Better Results: Choose Consistency Over Intensity
Have you ever started something with motivation and excitement, only to fizzle within a few weeks or months? I think we all have. Here is the typical pattern: Intense motivation and excitement to get started Intense activity Injury, fatigue, or burn-out Stop the activity all together This unfortunate pattern happens with diets, exercise routines, saving [Continue Reading]
Money and the Path to a Better Life
Money. It’s the most important topic that no one wants to talk about. If you want to create an awkward silence at a social gathering, just ask someone “how much money do you make?” or “what’s your net worth?” You might as well have asked them to strip naked! Some of us love money. Some [Continue Reading]
Your Team: The Main Ingredient of Stardom
Entrepreneurship, investing, and life can become lonely roads. It’s easy to feel like we have the weight of the world on our individual shoulders. That’s why I love reminders from great teachers like hall of fame basketball coach John Wooden, who said “The main ingredient of stardom is the rest of your team.” No matter what [Continue Reading]
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