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]
The Two Financial Games You Play
(and How to Win)
Almost every time I teach a class about real estate investing, I remind everyone of a really important reality before we start talking about houses and financing. The message is this: We are trying to win two different financial games. Just like basketball and baseball, these two financial games have very different rules, “equipment,” required [Continue Reading]
22 years to $1.6 Million in Your IRA –
A Conservative Path
In a recent article, I wrote about the Power of Compounding Tax Free in your self-directed IRA account. I showed how savings can grow much faster inside vs outside your IRA (see graph below). But even if you like the idea of tax free IRA investing in real estate, you might wonder how it works [Continue Reading]
The Power of Compounding (Tax Free)
Albert Einstein supposedly said “compounding interest is the most powerful force in the universe.” It is doubtful Einstein really said that (Snopes and Quote Investigator), but it doesn’t take away from the importance of the message. Compounding is a VERY powerful force that either works against you (borrowing) or for you (investing). In our world [Continue Reading]
What is Your Crossover Point
to Financial Independence?
Just because you’re reading this article, I know you likely have dreams and aspirations that motivate your financial game plan. Maybe you just want a long break (a mini-retirement or permanent retirement) from the grind that has become your life. Maybe you want to switch careers to something more fun and fulfilling (even if the [Continue Reading]
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