When will you retire or reach financial independence? I think most of us would be happy retiring (or having the option) sooner rather than later. The problem, of course, is that even with acceleration strategies it takes time to accumulate enough savings to support ourselves without having to work. Fortunately, there is another way to view [Continue Reading]
The True Cost of Regular Expenses: The Rules of 752 & 173
The concept of reaching financial independence where passive income fully supports your lifestyle is fairly simple in theory. Essentially you just increase your income, cut your expenses, and maximize your savings rate (see my article “Simple Math, Early Retirement“). But, as we all know and as I shared in “Destination Financial Independence,” simple concepts like losing weight, exercising, and [Continue Reading]
The Free and Clear Real Estate Plan
At Coachcarson.com, I write a lot about financial independence (FI). I also write about real estate investing, which is my favorite vehicle to get to financial independence. With real estate, I have found that a very simple goal can help you reach financial independence faster, safer, and with more certainty than with any other path. [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]
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]
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