What You Should've Learned in School
Many experts have reported the real estate industry to be the best return on investment. Financial professionals have run study after study and have concluded that real estate can provide higher returns than stocks, bonds, or other highly boasted strategies.
There are many benefits of investing in real estate beyond the ROI. Some of the best benefits involve paying lower taxes—and in some cases, no taxes—whatsoever. [Read more…] about 8 Unbelievable Tax Benefits of Investing in Real Estate
What’s better than one large source of income?
Multiple sources of income that regularly rake in money, right?
Having money flowing in from different places is extremely powerful.
First, your earning potential increases. Second, you can benefit from both active and passive income sources. Third, multiple flows of income is the Holy Grail of financial freedom.
It’s long been known that the average millionaire has seven or more streams of income. So, you’ll want to learn this skill today. [Read more…] about How to Effortlessly Create Multiple Flows of Income in 2020
This is a summary of the best selling personal finance book of all time: Rich Dad Poor Dad.
Told as a true story from a first person narrative, Rich Dad Poor Dad was written by best-selling author, Robert Kiyosaki. The book is controversial, because it doesn’t advise you to follow the standard dogma of penny pinching and stashing money into your 401K to access it in your twilight years.
Instead, it’s a foolproof guide for how to create actual wealth – meaning, wealth you can enjoy in your 20s, 30s, 40s (or whenever you put your mind to it). [Read more…] about Rich Dad Poor Dad Summary – A Foolproof System for Wealth
There are 28.1 million Americans invested in real estate, and for good reason, too. Investing in real estate is a vital part of having a well-balanced and diversified investment portfolio, along with stocks and bonds.
You might be thinking, you have to be fairly wealthy to invest in real estate, right? Like loaded. Here’s the cool part — that’s not true.
How much money do you need to invest in real estate? Let’s find out. [Read more…] about How Much Money Do You Need to Invest in Real Estate? A Useful Guide
I love the Rule of 72, because it lets you do quick math in your head to determine how quickly an investment can compound (i.e., double or triple in value) over time.
What is the Rule of 72? Simply put, the Rule of 72 is a quick way to estimate the number of years required to double the value of an investment at an annual rate of return.
This method was first featured in the Summa de Arithmetica of Luca Pacioli in 1494, which is impressive. Pacioli suggested using this method for calculating the estimated time of doubling investment. [Read more…] about What is the Rule of 72? A Simple Definition and Examples.