Blog
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Rich vs Wealthy: Uncovering the True Meaning of Wealth
If you’re rich and make a lot of money, does that automatically make you wealthy? Doctors typically make a lot of money so all doctors are rich, right? These are some of the topics we’re going to cover today. If you’re a subscriber to this blog (thank you), then you’ve noticed that I’ve frequently referenced…
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Contagious Book Summary – Why Things Go Viral
Up until recently, one of the most influential books that’s helped in ALL aspects of my life (work, family and social) was Dr. Robert Cialdini’s Influence – The Psychology of Persuasion. Once I started learning about why we do the things that we do, I’ve become fascinated with behavioral psychology. Recently I joined one of…
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How To Battle Inflation With Real Estate Investing
For the past decade, the average inflation rate has hovered around the 2% mark for the United States. Many of the “financial experts” are forecasting higher inflation than normal due to the 2020 pandemic. They state this is from a rise in unemployment rates, higher costs of goods, failing businesses and large injections of stimulus…
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How To Short The Dollar Using Real Estate
I recently came across a saying that you’re likely familiar with: “A dollar today is worth MORE than a dollar tomorrow.“ This reminded me of one of my grandmother’s sayings, “Son, I remember when a gallon of milk cost a dime.” Thinking about the time value of money made me curious as to what $10 would…
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How To Use Your 401k To Invest In Real Estate
“I wish I could enjoy some of my retirement assets BEFORE I reach retirement age. You never know if I’ll still be healthy enough to enjoy it by then.” This was a comment from a new Passive Investors Circle member BEFORE she learned about self directed retirement accounts. Here’s another one: “Jeff, I’m only a…
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57 Encouraging Invest In Yourself Quotes
During dental school, some of the professors would mention that the way to keep up with our profession was to “invest in yourself” after graduation. Up until a few years ago, I thought that investing in yourself meant attending the continuing education meetings required by our state board of dentistry. I do feel this is…
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Forced Appreciation: How Passive Investors Can Use It
“OUCH! Ok dad, I’ll clean up my room if you’ll stop twisting my arm!” When my kids were much younger, I could get away with a little “force” to get them to do what I wanted them to do. Twisting an arm, finger or ear would usually do the trick. Now as teenagers, it’s much…
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Pros and Cons of Creating an LLC For Rental Property
[Editor’s Note: Today’s article is a guest post from Lyle Solomon is a licensed attorney in California. He has been affiliated with the law firms in California, Nevada, and Arizona since 1991. As the principal attorney of Oak View Law Group, he gives advice and writes articles to help people solve their debt problems.] Do…
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7 Ways To Think Like A Millionaire
If my kids want better results and learn something new, I teach them to study others that have accomplished what they’re trying to achieve. It’s really that easy. My oldest is playing QB for his high school team and has a similar build to Tom Brady (not the arm yet!). I told him that he…
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5 Reasons You Should Consider Raw Land Investing
If I were to ask you what it means to invest in real estate, how would you answer? If you’re an average real estate investor, you may state it has to do with buying a single family home or apartment. Or if you invest passively (like me), you might say it involves pooling your money…
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117 Inspiring Warren Buffett Quotes
If you want to accomplish something in life, one of the best ways is to study those that have already done what you’re trying to acquire. If one of your goals is to build wealth, look no further than Warren Buffett. He’s considered to be one of the most successful (and famous) investors in the…
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Who Not How: The Key to Unlocking Your Full Potential
There’s something special about those of us that grew up in the 80’s and 90’s :). One of those reasons happens to be that during this time, the greatest basketball player of all time, Michael Jordan, was selected as the third overall pick in the NBA draft by the Chicago Bulls. To put things in…
