Rich Man, Poor Man
A few years ago, Richard Russell of the Down Theory Letters wrote an incredibly powerful article titled, “Rich Man, Poor Man.” In the article he wrote how important it was for the average investor (you and me) to have a financial plan utilizing the power of compounding. I’ll share a simple plan with you in…
“Eureka! Here’s The Goose That Lays The Golden Egg.”
Right now, I’m reading a biography titled, “The Richest Woman in America.” It’s the fascinating story of Hetty Green who compounded the inheritance of her father’s estate into $100 million in 1912. In today’s dollars, this amounts to $2 billion. Here is an interesting quote from the book: “While Edward (Hetty’s husband) engaged in business…
The Magic of Compounding
To achieve financial freedom, you must understand and utilize compounding to your advantage. Robert Kiyosaki taught about compounding in his book, “Who Took My Money?” In this book he wrote: “As a professional investor, I want to… 1. Invest my money into an asset. 2. Get my money back. 3. Keep control of the asset.…
How to Become a Millionaire with ONE Single Family Home
The main idea of this site is to use dividend real estate to buy your financial freedom and retire early. You’re able to retire early with income from real estate because you’re not consuming the asset. The asset will continue to generate income each and every month for life as long as it is rented…