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]
My 2014 Success Plan – 7 Questions and Answers
I recently spoke at the Metrolina Real Estate Investor Association in Charlotte about goal setting. The core message of my talk was this: “Goals aren’t helpful unless they are transformed into actionable plans.” For me, the best plans are broken all the way down into tiny, mundane, day-to-day steps that you can actually do. This [Continue Reading]