“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...

Most people think that owning a home is a financial asset. That’s not true. In fact, the top-selling financial author of all-time, Robert Kiyosaki, says, “A home is a liability, not an asset.” An asset puts money into your pocket every month. A home takes money out of...

Financial freedom has more impact in your life than debt freedom. Why pay off a car loan with a 4% interest rate? Instead, you have the opportunity to invest those dollars into something that produces an income stream, perhaps paying you an 9% rate. That’s called...

I already know that you are an investor. We may not have met, so how could I possibly know this? It is because every day, every dollar that you spend and every minute that you spend is an investment in something. Say that you spend ten extra minutes washing and drying...

I bought a four-plex building for $530,000. It was the most valuable possession that I had owned at the time. Then the building value went down, down, down. It fell from $530K down to $500K, then $490K, then $480K. I didn’t know where the price bottom was going to be....

How much would you want to invest in something that could never go up in value, but only go down? Well, zero. Right? That sounds awful. However, a substantial amount of your net worth is probably tied up in this vehicle right now. It’s called home equity. Home equity...

Stop looking at property. In real estate investing, the property is only the fourth most important thing. People make the mistake of starting out by looking at properties. That’s why you hear bad stories of how they had an awful rental property experience. If you want...

Even in “The Information Age”, information can make people uncomfortable. Therefore, they avoid information and instead seek affirmation. It is more comforting to be affirmed than informed. Staying in an affirmation loop stunts your growth. This rings particularly...

Here’s a great tip on how you can avoid overpaying for an income property. When you want to buy an income property, the seller wants to make it look like their property produces HIGH income and LOW expenses. That way, the seller can get you to pay a high price for the...