Blog
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Rich People vs Poor People – 7 Key Differences
It seems that some people think “becoming rich” is a bad thing. Take for instance a recent Dave Ramsey Show rant titled, “Should Billionaires Be Allowed To Exist?” Someone email him an article written in the New York Times about “abolishing billionaires”. Here’s a few lines from the article: “Some ideas about how to make…
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VTSAX vs VOO – Which One Is Better?
As long as I can remember I’ve always had an interest for investing. Maybe it stems from my “lawn mowing” days in high school where I learned firsthand working for myself and making my own money was the way to go. I loved working on my own schedule and not someone else’s. One of the…
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How To Invest 50k In Real Estate – 5 Best Ways
One of the main benefits of being a new Passive Investors Circle member is the lower initial investment you can make in a deal alongside me. For instance, last month an orthodontist member wasn’t comfortable investing the minimum amount (75K) in the multifamily deal I invested in. Why? This was his first time investing in…
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Mindset Is Everything: The Key To Investing Success
“Get your mind right son!” This is what I’d hear each time I stepped into the gym when I was living in South Louisiana from one of the “regulars”. I was fresh out of dental school and didn’t know what he was really trying to do…I just thought he was being funny. It took years…
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Apartment Syndication 101: What Doctors Should Know
Apartment Syndication 101: What Doctors Should Know I recently spoke to a group of periodontists about apartment syndication investing. As you can imagine, most did not have any real estate experience and were comfortable following their financial adviser’s advice of 401k investing until age 70+. I occasionally visit investing forums and Facebook groups for doctors.…
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Failure Is The Key To Success
You failed your math test. Your football team was defeated last night in the playoffs. You lost your tennis match yesterday. You’re an epic failure. If you’re like most people, you probably have a bad relationship with failure. I know I have. Look, I understand that nobody wants to fail. For most people, the word…
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How Much Money Do You Need To Never Work Again?
As more and more doctors and other high-stressed professionals are experiencing burn out these days, the notion of reaching FIRE (Financial Independence Retire Early) has increased tremendously. It seems that the age-old question new, burned out Passive Investor Circle members are trying to answer is: How much money do I need to never have to…
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Top 5 Things You Should Do With Excess Cash
“Hey Jeff, I’ve got an extra $300K in surplus cash parked in a savings account earning zero interest, what should I do with it?” It’s not uncommon to receive questions like this each month. This stems from people spending less during the pandemic plus depositing the excessive “stimulus” checks that’s been handed out like M&M’s…
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How To Invest For Capital Preservation
“Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No.1.” – Warren Buffett If one of the greatest investors ever tells us the MOST important rule to reach our financial goals is to NEVER lose money, do you think we should pay attention? He didn’t mention about investing in real estate,…
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What If Money CAN Buy Happiness?
“Money can’t buy happiness…but it CAN buy cows, right? And cows produce milk, and milk makes ice cream, and ice cream makes you happy.“ This is the type of stuff I think about when my brain is in “relaxation” mode while eating Huckleberry ice cream at my favorite Montana resort, Paws Up. Whether you realize…
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What Is FU Money?
There are many things money can buy, but the most important one of all is freedom. With regards to freedom, I’m specifically talking about being able to do: what you want when you want for as long as you want with whomever you want And the best way that can be accomplished is with something…
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Book Review: The Psychology Of Money By Morgan Housel
Recently Morgan Housel’s book, The Psychology of Money, was recommended on my list of podcasts and YouTube videos. Why? I don’t know. Maybe “Google” was trying to tell me something? 🙂 Anyway, after listening to his interview about his latest book, I had to order one for myself. I love his statement in the Introduction: …
