Do I have a treat for you today…!!! I am not exaggerating when I tell you that finding a podcast host in the real estate investing space who really understands what’s going on in this industry is just as difficult as finding a deal worth buying today. Both deals and podcast are plentiful, but most […]
How to Provide Financially for Your Family: Podcast with FatherNation
A few months ago I appeared on the FatherNation podcast with Jesse Foster. This is a fun, and important, podcast wich aims to provide young dads with useful information on how to do our jobs of fatherhood better. I don’t know about you, but being a father, for me, has been the most challenging job […]
Earned Income vs Passive Income vs Portfolio Income: A Comparison
As you may have derived from the title of this article, not all income is created equal. In fact, the Internal Revenue Service categorizes income into three broad types, Earned Income, Passive Income, and Portfolio Income. While passive and portfolio are income is generated via investments, earned income is either employment (W2) or self-‐‑employment (1099) […]
Is Net Worth or Cash Flow Better?
The argument is simple – which is more meaningful, which has more impact Net Worth or Cash Flow? Net Worth Formula The formula for net worth is: Assets – Liabilities = Net Worth Cash Flow Formula The formula for cash flow is: Income – Expense = Cash Flow “Happiness is a positive cash flow.” -Fred […]
How to Achieve Financial Freedom – Live Below Your Means
As you know by now, I am of the opinion that financial freedom resides within the world of passive cash flow. And since the later is the domain of investing, we must learn to invest. I hate to once again point out the obvious, but as I’ve stated before you will have to find some […]
Is Real Estate Income Safe?
Is real estate income safe? I hear this question all the time. This wasn’t always a question; indeed, at one point they were flat out telling me that it’s not safe and I am crazy. Now, having seen me succeed, they ask. Well – while there’s no one way to answer it, today I’ll tell […]
Make Money Doing What You Love!
Introduction Make money doing what you love – that’s the age old advice. But, how do we really achieve this? Indeed, all of us need money to live on, but most of us would rather not to hate our jobs and be bound by them solely for the sake of income. At the outset […]
Real Estate Podcast – Another Quality Interview
About 4 months ago, or so, I was interviewed by a guy named Mike Simmons. Mike is a Real Estate Investor in Michigan and at that time he had started a brand new real estate podcast called JustStartRealEstate. This show was number four on his podcast, one of the first, but it turns out that it […]
How to Pay Less Taxes – Advice from the IRS
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” ~Ayn Rand Every year around this time I become keenly aware of the reality that TAXES are indeed one of, if not the biggest drag on my financial life. They cast potentially a lot […]