Advice from “The Gambler!”

Warning this post and this video contain adult language! If you’re easily offended, please do not watch this video or read any further. Last week I participated in a conference call with a group of awesome investors from Canada. During the call, I was asked THE question I have been working on for the last…
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How This 30 Year Old Setup an $8,000 Annual Raise for Life

At the end of 2014, I received an email from someone who had stumbled across this website. He asked if we could meet because he was thinking of buying his first rental property. We ended up meeting for coffee at Panera and I was really impressed by him. He was in his 30s and it…
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Buying Freedom or Building Wealth?

Instead of building wealth, I learned to buy freedom.

What is your primary goal when you invest? Or another way to ask the same question might be what are you trying to achieve with your investments? Should you buy freedom or build your wealth? This is an important consideration because your answer(s) dictate how you should invest. Some people may respond to this question…
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How 10 average folks became multi-millionaires

One of my favorite things to do is ready about average people who build significant wealth during their lifetimes. For some reason, these real life case studies resonate with me. They show the true power of investing and the real magic of compound interest. We typically only hear about the mega billionaires and how they…
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Lessons from My Mentor’s Divorce

Many years ago, one of mentors told me a story about his divorce. Don’t worry, this isn’t the typical “ugly” divorce story and the story does have a happy ending. As you’ll see, this is actually an investing lesson wrapped. This particular mentor was a multi-millionaire. He didn’t have an easy life and actually had…
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99.1% of Buffett’s Wealth Came After His 53rd Birthday

Last year, I read an article on Business Insider that indicated that 99.1% of Warren Buffett’s wealth came after his 50th birthday. I have thought about this several times since reading the article and decided to look into it a little further myself. According to a recent Google search, Buffett’s net worth is currently estimated…
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The Dollar

Many years ago, I read an article about Jamey Johnson in Men’s Journal. Because he seemed like a cool dude, I decided to look into him. This was a little odd for me, because Johnson is a county music star and I wasn’t a fan of country music. Through Johnson, I ended up learning to…
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How to Profit When The Stock Market Crashes

Many of us have been through various “market” crashes in our lives. Recent market crashes we’ve experienced would be the tech bubble in 2000 and the real estate and stock market crashes of 2008. Each market crash provides two very important opportunities: 1. Opportunities to learn 2. Opportunities to maximize wealth I, like many others,…
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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…
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