How to obtain a financial black belt
Wednesday, April 26
I work with some badass people-a former green beret who was among the first into Afghanistan to hunt for Bin Laden after 9/11; combat marines and undercover detectives who’ve placed their lives on the line every day as a job requirement.Some of them hold multiple black belts and are nationally an...
The 4% rule for early retirement
Tuesday, April 25
Many money experts suggest that you can retire early if you can safely withdraw 4% a year from your nest egg without damaging the egg. If you're invested in the market, and have thus earned the average 8% on your money, then a 4% withdrawal does appear to be a safe rate. It still allows your pri...
Why I choose to do most of my own work on our rentals
Sunday, April 23
We all love the stories about how landlords are able to sit back and relax while outsourcing property management/repairs to other people. But, what if you don't own a ton of units and have to do most of the work yourself? Is it really that terrible? Here's are some reasons why I choose to do m...
Being broke is a choice
Sunday, April 02
If you have a decent job, such as being a cop or a teacher, a business analyst or tech support, being broke/living paycheck to paycheck is usually a choice. So is having debt. You alone decide how to spend your money. You alone decide how much house to buy, what kind of clothes to wear, how much...
How my friends got their vacation homes for free
Wednesday, March 29
There are basically 2 reasons why you would ever buy a vacation home (financially speaking). Reason #1 is because you have money to burn (not too many people I know personally. Actually, even the ones who do own vacation homes probably shouldn't be owning them. But, that's another topic). Reaso...
How to use your Home Equity to make money
Sunday, March 26
Your home equity is how much you own of your house. The rest really belongs to your bank. If you own a home that’s worth $500,000, with a mortgage of $300,000, then you have $200,000 in equity.What can you do with that equity? How can you use that money to your benefit? Buy a nice car? Go o...