How to Win Game #2 - Create Passive Cash Flow
Thursday, February 27
In my last two articles I shared that we are all playing two financial games and I shared How to Win Game #1: Cash Now (Survival). In this article I will share a two-part real estate game plan to win Game #2 - creating passive cash flow. First, a definition. My idea of passiv...
How to Win Financial Game #1 – Cash Now (Survival)
Thursday, February 27
In my last article I shared that we are all playing two financial games. For review, the two games as I see them are: Game #1 - Cash Now: The game of active income and of survival. Success is earning more than you spend. Game #2 - Cash Flow: The game of passive income and of freedom...
The Two Financial Games You Play (and How to Win)
Sunday, February 23
Whenever I think about the big picture of real estate investing, I like to remember a very important reality before getting into the nuts and bolts. The reality is this: We are trying to win two different financial games. Just like basketball and baseball, these two financial games have...
How to Get What You REALLY Want: The 3 Currencies of Life
Monday, February 10
[Part 1 of an ongoing series about my big picture wealth and real estate game-plan] "[I]n spite of the fact that America is famous for its unhappy rich people, most of us remain convinced that just a little more money will set life right. In this way, the messianic metaphor of modern life ...
My Sprint up the Real Estate Mountain
Monday, February 03
Out of the Starting Blocks: When I first started my real estate investing business, I studied a few different successful investors whose business models really intrigued me. These investors were buying, fixing up, and selling 50 houses per year! The investors were also averaging $20,000 ...
My "Go or No Go System": How I Decide to Do a Deal (or Not)
Wednesday, January 29
Real estate investors seem to gravitate to one of two extremes when it comes to doing deals: Analysis paralysis: frozen in fear of making a mistake Emotional exuberance: being too aggressive, too optimistic, and irrational. I am not exempt. I have visited both of those places from time...