I originally wrote this post on October 3, 2009, right in the heart of the global financial crisis. Ultimately, I was telling myself to buy more rental property. If there’s one thing I know I will regret 15 years from now, it’s that I did not buy more rental property. When my kids become adults, […]
Note To Self: Buy More Rental Property! Read More »
Recessions tend to hit every 7-10 years. We had a massive recession in 2008-2009. We’ve had another unforeseen recession in 2020. Therefore, let me share some thoughts on buying property ahead of a potential recession. There is a decent probability we will end up in a recession over the next 12-24 months. After aggressive Fed
Thoughts On Buying Property Ahead Of A Potential Recession Read More »
Your sphere of influence is what will help propel you to financial independence. Make sure you nourish it. My first understanding of the power of influence came as a 21 year old at 1 New York Plaza, New York City. During a job interview with a sales trader at Goldman Sachs, I remember him telling
Develop Your Sphere Of Influence To Achieve Financial Independence Read More »
According to the Kaiser Family Foundation, the average cost of family health insurance offered by companies is now a whopping $20,576 a year, or $1,714.66 a month. Employers paid for 71% of that cost on average. Meanwhile, the average premium for single workers was $7,188 a year, or $599 a month. Employers covered 83% of
The Average Cost Of Family Health Insurance Is Now Outrageously High Read More »
If you have a baby or toddler or are planning to have a baby, this post is for you. I’ve been running an interesting, real-life, real-time experiment on how hard it is to get ahead if you have below-average money and little status. In 2017, we ended up applying to three preschools that accepted toddlers
The Importance Of Money And Status For Getting Into Private School Read More »
There’s an old saying in real estate, “Money is made on the purchase, not on the sale.” In this post, I’ll explain what money is made on the purchase means and why it’s so true. Getting a great deal on a real estate purchase is very important. And there are so many things we can
In Real Estate, Money Is Made On The Purchase, Not On The Sale Read More »
Do you want to retire early with kids? I’m sorry, but it is nearly an impossible task. As a father of two children now, I look back and feel like retiring early without kids was a walk in the park in comparison. Retiring early with kids is at least three times harder than retiring without
How To Retire Early With Kids: A Nearly Impossible Task Read More »
My latest mortgage refinance based on relationship pricing was one of the most frustrating refinance experiences ever. Relationship pricing should help you get a lower mortgage rate. However, you may have to jump through more hoops than you want. It is very hard to get a mortgage nowadays given stringent underwriting criteria. You can hear
The Difficulties Of Relationship Pricing When Refinancing A Mortgage Read More »
I’m always looking for a buy signal for stocks. In my opinion, one of the best buy signals for stocks is when the S&P 500 yield is greater than the 10-year Treasury bond yield. At the time of this update, this buy signal is flashing green. The reason why I prefer owning real estate and
A Buy Signal For Stocks? S&P 500 Yield > 10-Year Bond Yield Read More »
Arbitrage is the practice of taking advantage of a price difference between two or more assets or markets, and profiting until the price difference disappears. Recognizing arbitrage opportunities is one of the easiest ways to make money. Being able to recognize and then take advantage of kinks in the system will be one of your greatest
The Easiest Way To Make Money: Recognize Arbitrage Opportunities Read More »
