I’m ok with becoming rich and accumulating a lot of money. How about you? But, even though becoming rich is a reasonable goal, I also find the traditional definition of rich, i.e. to possess a lot of money, to be less than useful early in our money quest. It’s not that measuring how much money [Continue Reading]
How Much is Enough? The Fulfillment Curve
In the beginning of our lives, more possessions did indeed mean more fulfillment. Basic needs were met. We were fed. We were warm. We were sheltered … We then went from bare necessities (food, clothing, shelter) to some amenities (toys, a wardrobe, a bicycle) … Eventually we slipped beyond amenities to outright luxuries – and [Continue Reading]
Making a Dying is Not Living
How many people have you seen who are more alive at the end of the work day than they were at the beginning? Do we come home from our ‘making a living’ activity full of more life? … Where’s all the life we supposedly made at work? For many of us, isn’t the truth of [Continue Reading]
Buy Assets, Not Liabilities
“You must know the difference between an asset and a liability, and buy assets…. Rich people acquire assets. Poor and middle class people acquire liabilities, but they think they are assets.” Robert Kiyosaki, Rich Dad, Poor Dad This is such a basic and important rule that’s missed by too many people, so let’s start with the [Continue Reading]
Game #2: How to Create Passive Cash Flow
In my last two articles I shared that we are all playing two financial games and I shared How to Win Game #1: Cash Now (Survival). In this article I will share a two-part real estate game plan to win Game #2 – creating passive cash flow. First, a definition. My idea of passive [Continue Reading]
Game #1: How to Win
Cash Now (or How to Survive)
In my last article I shared that we are all playing two financial games. For review, the two games as I see them are: Game #1 – Cash Now: The game of active income and of survival. Success is earning more than you spend. Game #2 – Cash Flow: The game of passive income and [Continue Reading]