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Your property might never appreciate in value. Yet at the same time, this property can increase your affluence, even if it provides zero income or tax efficiency. All else equal, how could that be true? It’s because you are confusing appreciation with inflation....
“Being wealthy is a choice.” The first time I read this was in a Robert Kiyosaki book. I don’t actually remember which book that was, but I do remember my reaction to that statement: “That can’t be true. It’s not that simple. You can’t just choose.” That’s what I...
Buying a home is the one of the biggest purchases you’ll ever make. Its mortgage payment is often your greatest expense each month. A mortgage is your loan from the bank. Your home is the bank’s collateral. If you miss payments and default on the loan, the bank can...
“THE SCARCITY MENTALITY IS ABUNDANT AND THE ABUNDANCE MENTALITY IS SCARCE.” – KEITH WEINHOLD
For the most part, the wealthy have not shared the “whys” and “hows” of profitable real estate investing with the middle class. Get Rich Education does. You learn how generational wealth is created, simply, safely, and with little of your own effort. More importantly, the approach helps protect your time. When I began investing in real estate, I wanted to start down the road of “Work Smarter. Not Harder.” But I worked too hard at it in the beginning, managing my own property and making crucial mistakes.