What can I say – some podcast appearances I do because that’s the nice thing to do when invited, while others I do cause I got to have some fun in life… This is one of those! Tyler Sheff, of The Cash Flow Guys, sounds a bit scary when he talks. Dude kinda sounds a […]
You can afford anything you want, as long as it makes money! That’s the concept behind house hacking and how it makes you money This is the main concept I want you to keep in mind while you read all that follows. Understand that by its’ very nature, if the thing you want is able […]
Is debt good or bad? Well, it depends on how you pay for it. One thing is for sure – this topic is a lightning rod. Some people are diehard proponents of leverage and debt, and believe that financial success is in many ways driven by debt. Many others, most notably Dave Ramsey, believe and […]
In a past article, entitled What If I Fail with My First Real Estate Investing Deal, I explored some of the social implications of real estate investing, and how our struggles, which are bound to happen, can impact our relationships. The next day after the article appeared on my blog at JustAskBenWhy.com I received this […]
I mentioned in a post not too long ago how I don’t have to think much about the titles for my articles, since they come to me in the form of questions and comments every day. Well, the one I want to talk about today is quintessential; if I could get a dollar for every […]
As I write this in 2016, real estate investing is hot. Amateurism is running amok, and every other person I talked to is either in real estate investing or wants to be. And, in this environment, I hear this question often – should I quit my job to go full time into real estate investing? […]
Becoming rich and financially independent is a complicated thing. Many people spend themselves in search of this end result, but most never even get within sight of it. While I am not yet what you would call “financially independent”, but I am on my way, and likely further along than a lot of my readers. Through […]
Well – the past couple of days, August 20th and 21st, have seen some drama. To be sure, if you have your wealth stored in the stock market, by August 21st, you were most likely freaking out and pulling your hair, with bits and pieces of your scull still attached to the roots, right out […]
I am not sure if this works the same way for you as it does for me, but I’ve noticed that as I gain in age and level of accomplishment my perspective on reality matures. Interestingly, I don’t often discover that I had been wrong about something and now I know better – no. Instead, […]
Are you paying more tax than you should? You may even be paying more tax than people much wealthier than you. Here’s how to pay less tax. 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 […]
If you’ve been following my site, you should appreciate the absolute necessity of investing your money. No matter what type of investing you choose to do you will need access to some amount of capital. Even if you follow my lead and get good at 100% financing of real estate, you will still need some money […]
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 […]
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) […]
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 […]
I am privy to this question being asked a lot – I want to invest in real estate, but where do I start? There are a multitude of advice that can be given in response to a question like this. Some people recommend you start by learning to wholesale houses, while others tell you to to buy […]