flipthishouse

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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generalmills

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…

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guaranteed

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.…

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free

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…

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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…

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foreclosure

Check out these foreclosure deals…

I network with many real estate agents throughout North America. One of these agents sent me a list for foreclosures for Orange County, California. Here it is: Click on the image to enlarge. These properties are assumed to be good deals in their market, as they are foreclosures and short sale opportunities. The lowest priced…

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15dollars

A $15 Monthly Mortgage Payment?

The typical first time buyer does what everyone else does. They get preapproved and start looking at homes that match their criteria. Once they find and fall in love with a home, they happily purchase the home and start their long future of making monthly mortgage payments. These mortgage payments consume a significant portion of…

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slightedgebook

The Slight Edge – How Little Things We Do Each Day Change Our Lives

Right now, I’m reading a fantastic book titled, “The Slight Edge” by Jeff Olson. You have to get this book. It WILL change your life. The book will help you see clearly how little things we do, or don’t do, on a daily basis lead to our ultimate success or failure in life. These little…

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Munger

“The first ______________ is a bitch.”

Over the last year or so, I’ve been reading a few pages of Charlie Munger’s book, “Poor Charlie’s Almanack” every week. This is the type of book you take in a little at a time as you swirl the lessons around your life. As you hopefully know, Charlie Munger has been Warren Buffett’s partner for…

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martin

Wealth, it’s all about that…

There is a popular song playing on the radio now that I’ve grown to hate. I’ve heard it over a hundred times and it drives me nuts. The song is by Meghan Trainor and the title is “All About That Bass.” I’m sure you’ve heard it, a few dozen times by now. Well, I’ve rewritten…

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