Financial Stage 4: Overflowing

Are you in Financial 4: Overflowing? You are in Financial Stage 4, Overflowing, once you have paid off all of your debts, you are on track to reach all of your investing goals, you are increasing your net worth regularly, and you are giving generously.  This is the stage where you really make a huge …

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Self-Directed IRAs

The Self-Directed IRA is often overlooked as an investment vehicle. This is a way for you to own assets that are not stocks or bonds in your retirement account. Most often these are used for rental real estate. You can also use them for many other asset types. However, most people use them for rental …

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Rental Real Estate Series: Part 5 – Execution

You own rental real estate, let's discuss how to execute.  You may be a passive investor or an active manager.  Either way you will need to be continually assessing performance. Each month keep an eye on when rental payments are being made.  The income side of the equation is the most important for rental real …

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Rental Real Estate Series: Part 1 – The Largest Landlord Expenses

When the rental market is great it’s easy to look past what may be your two highest expenses when you own rental real estate.  You may not even have these expenses when the market is really good. However, over the long term these will creep up on you and when they hit it can be …

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What to do when the stock market tanks

Predictably unpredictable, nobody knows what the stock market is going to do everyday of every week all year long.  Nobody. The one thing we can count on is that the market will go up and the market will go down.  It’s a lot of fun to see “green on the screen” when you check your …

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You are Financially Independent… Now what?

Very few people talk about this phase of your financial life. There is plenty written on how to pay off debt, making sure you max out retirement accounts, covering kids college and saving up reserves. Therefore, let's talk about it! You have achieved Financial Independence, now what? This is the really fun stage of your …

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How do I keep my money safe?

Everyone talks about their investments...when they’re going up.  Ironically, investors want the lowest amount of risk with the highest return.  Very few people are interested in an investment that merely matches the average returns of a market over time or even lags the market average returns.  We all want to beat the market. It’s fun …

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You Can’t Retire…Without Passive Income

You want income when you aren’t working?  Sounds like you need that income to come in passively.  Unless you are somehow going to live off the land in the middle of nowhere with no need for supplies, tools, energy, transportation, entertainment, or anything from another person you will most likely need income.   Even the …

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