There are many people that read this blog that are striving for financial independence. Financial Independence is more of a state of mind, than a financial thing. If you are in the USA, you may consider yourself financially independent as soon as you become an adult. Others wait until they are not working, are retired and on Social Security. Lots of people just want to be able to quit the rat race, and enjoy life. Still others are longing to achieve one of the main things that many people cannot, freedom. Continue reading “What is the Meaning of Financial Independence?”
How to Make Money Traveling
Many of us had the desire to make money traveling the globe. Most of us had had menial jobs in the past. Working for minimum wage, or doing a hard job for not much money. This post is about saving money, which in effect is actually earning it. Here is a recent example of how you can pick a cheaper way of traveling and you can actually get ‘paid’ for your time traveling.
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How to Fund Real Estate Investments – Live In Opportunities
I get asked all the time how to fund real estate investments. There are many ways to fund real estate investments. Most real estate investments are funded the old fashioned way, a mortgage. But there are a lot of other ways too…
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The Best Way to Pay off A Mortgage
I am going to pay off one of my mortgages on my rentals this week in additional preparation for Financial Independence and Early Retirement (FIRE). It is non-owner occupied, so a refinance would only drop the interest a little bit, and cost a few thousand to do it. Here is how I plan to do it, and I think it’s one of the best ways to pay off a mortgage.
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What Is Your End Goal in the Real Estate Game?
At some point, we all look forward to that time we can spend on the beach, in a hammock, or even working until you drop over dead.
Most people want to get to a comfortable retirement plan, and be able to do what they want to do, with no one telling them when to go to work or what to do.
You can retire earlier, and live a better lifestyle with Real Estate, if you are planning ahead.
Continue reading “What Is Your End Goal in the Real Estate Game?”
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How to Find a Mentor for Financial Advice (or Not)
I have always been enamored by people that are successful. I have been to seminars, meet successful people, and sought out ways to ask questions directly to people that from my vantage were successful. Finding a mentor is key to success at any endeavor in life. Of course, as I found out, you need the correct mentor-ship to follow. With the wrong mentor, things can be a disaster… Continue reading “How to Find a Mentor for Financial Advice (or Not)”
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Ultimate Side Hustle, Become a Millionaire
In the years leading up to 2002, I was working for a small consulting firm that did on-shoring right here in a small town in Minnesota. Times were a bit tough, especially right after 9/11/2001…. I knew I had to get some side hustle money flowing. Continue reading “Ultimate Side Hustle, Become a Millionaire”
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The Costs of a Real Estate Education
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How I turned a Class ‘D’ Apartment Classification complex into a Class ‘B’ complex.
When I purchased my first 4-plex, it was in a first ring suburb, in a nice area of town. It was built in 1985. You could throw a rock outside the complex, and hit $300K homes on all sides. By anyone’s definition, this should be a great place. Unfortunately, the apartment classification was less than to be desired. Continue reading “How I turned a Class ‘D’ Apartment Classification complex into a Class ‘B’ complex.”
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My Eleventh Investment Property and Fifth Four-Plex
My eleventh Investment property was probably my most risky and most creative property I have ever purchased. It was not a REO, not even a short sale. I did not even buy the property itself, I bought the underlying mortgage from the bank. Continue reading “My Eleventh Investment Property and Fifth Four-Plex”
