Tag: real estate mindset
5 Signs That Your City is Too Expensive For You?
We all want to live a life of luxury, right? We don’t turn on the television (or YouTube) to watch people struggling in poverty. No, we want to envision ourselves walking down Rodeo Drive in Beverly Hills with bags full of expensive clothes. We cruise the strip in our luxury two-door convertible coupe. How exciting.…
Beware of Fake Passive Income Claims: True Passive Income is Challenging to Achieve
It takes 10,000 hours to create a reliable income stream. Depending on your daily habits, that timeline can range from five to ten years. With this knowledge in hand, be very wary of anyone claiming to have found the secret to quick passive income. The only passive income that matters is in your money system.…
The Leveraged Millionaire: Increase Your Risk, Increase Your Returns… Maybe
Leverage is a powerful tool to expedite your path to wealth. Leverage, sometimes called other people’s money (OPM), can also destroy your wealth, progression, and livelihood. I read in a book (I can’t remember which one) that you can only become as rich as the amount of money you borrow. For example, if you borrow…
Financial Independence through Real Estate 4
The real estate market is currently in turmoil as mortgage rates hit over 7%. The times of fast, cheap money are gone, at least for the time being. But real estate is always an excellent investment if you have the right mindset. Real estate is a tricky topic to discuss because many people don’t have…
Financial Independence through Real Estate 3
We have come a long way in our real estate knowledge. Hopefully, over the last 1.5 years, we have begun to formulate a plan to buy and exploit our advantages in real estate. This is book three in Signature Series 3. The other two books are “How We Plan to Retire on Dividends 3” and…
Real Estate Investing in Your 50s
Real estate investing can become a significant income stream for you and your family. Every month, you’ll get a nice stack of cash flow to help with expenses and other luxuries. However, real estate investing isn’t always passive. Trust me; I own three homes, and they all go through periods where they need some TLC…
Intro to REITs V: Fundrise vs. REIT Stocks
Having a backup is necessary if we want to prevent disaster. This mindset also applies to our investments in the stock market. We like to diversify our stock portfolio to ensure we hedge against possible downturns. However, it is also a great idea to diversify our portfolio to assets that are not on the stock…
Real Estate is a Mindset (Advanced)
So you want to be a real estate investor, huh? The thing that makes you a real estate investor versus a homebuyer is your mentality. Investors realize that real estate is just another asset class, like cryptocurrencies, commodities, stocks, and business. Knowing that real estate is a means to an end lets investors make business-based…
Real Estate is a Mindset (Intermediate)
My wife and I just returned from looking at a new mobile home to put on our 3 acres in Florida. We looked at a few mobile homes, and they would all serve our needs well. Then we talked about the purpose of buying this home. Is it just going to be rental for the…
