This “Real” Investment Provides $9,240 of Income
From time-to-time, I like to share real investments and their actual returns. I find this to be helpful because many investing examples are hypothetical and it is hard to “see” actual results. So in this article, I’m going to share an actual investment one of my clients recently made and the actual numbers. Hopefully, this…
Flip or Rent?
You wouldn’t believe the battle I have with clients over flipping homes vs. renting homes. Everyone wants to buy homes to fix up and resell. Nobody wants to buy a home and hold it as a long-term rental property. The real underlying decision someone considering these two options really becomes: Do I want to become…
Triple Compounding
On this site, I often highlight the magic of compound interest. Compounding occurs when your money makes more money for you. Your money goes to work to bring back more money for you and your family. Well, once you truly grasp the magical power of compounding, you’ll probably start to look for ways to maximize…
Want a Guaranteed 129% Return On Your Investment? Do this…
If you have a mortgage, you should take a few minutes to study your amortization schedule. You might be surprised to see how powerful prepaying your mortgage might be. In fact, prepaying your mortgage may provide a 129% return on investment. To see how this might be, we have to work through a few numbers.…
How to Get Everything You Want to Buy for Free
Black Friday is a crazy day. We get up extremely early, we wait in crazy long lines and then we wrestle products away from other shoppers…all to save 20 or 30% off the purchase price. The crazy part about this one day is you can actually arrange every purchase to get it for…
A “Real” Case Study on Compounding
Several years ago when my oldest daughter was 4 years old, I hired her for my business. I had created a program highlighting how to turn our children into millionaires and used her image in the program. I also used her picture in other marketing materials for the business. To compensate her for the use…