Article updated on July 26, 2019 This is part 3 in my series about practical strategies to own free & clear (no debt) rental properties in order to achieve financial independence. This article will cover a short-term buy and hold plan called Buy-3-Sell-2-Keep-1. Although there are many more variations, so far I’ve provided three general [Continue Reading]
The Rental Debt Snowball Plan – How to Get Free & Clear Rental Properties
This article is about using real estate investing to help you reach a destination of financial independence. More specifically I’ll be sharing the basics of a plan called the Debt Snowball, which helps you achieve a goal of free & clear (no debt) rentals. Your free & clear goal might be, for example, to own 10 [Continue Reading]
Active or Passive: Do You Know Your Investor Type?
Investing legend Benjamin Graham (a mentor to Warren Buffett) divided investors into two categories: Passive (defensive) investors Active (aggressive) investors Do you know which one you are? Whether you invest in real estate or something else, this is an important choice. According to Graham in The Intelligent Investor, passive investors want “freedom from effort, annoyance, 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]
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]