Blog
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Depreciation Recapture – How It Works When Selling Property
One of the reasons that keeps people from getting started in real estate is the amount of new “lingo” that has to be learned. For me, it was similar going from college to dental school. The first couple of months sitting in lecture halls confused the heck out of us. It was as if the…
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The Importance of Time Value of Money
You’ve probably heard about the importance of time value of money. But do you know what it really means? One of the first people to coin the phrase “Time is money” was Benjamin Franklin in his book, “Advice to a Young Tradesman, Written by an Old One”. The original quote was: “Remember that Time is…
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What To Do With 50K: 10 Year Look At Passive Investing
What To Do With 50K Each Year – A 10 Year Look At Passive Investing I recently posed this question on DentalTown.com which is the largest forum for dentists: “For those that have been practicing for 5+ years & knowing what you know now regarding finances and investing, what would you do differently if you could…
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9 Ways To Vet The Best Real Estate CPA
One of the main reasons many high-income earners join the Passive Investors Circle is to seek out ways to lower their tax bill by investing in real estate. Why? They’re tired of paying more and more of their hard-earned money to the IRS as their income continues to climb throughout their careers. The main goal…
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87 Robert Kiyosaki Quotes About Wealth & Success
87 Robert Kiyosaki Quotes About Wealth & Success One of the most popular financial books ever written has inspired millions to pursue passive income via real estate investing. It’s also been responsible for changing the way investors think about wealth and success. Robert Kiyosaki’s Rich Dad Poor Dad is that book with over 40 million…
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How To Evaluate An Investment Deal In Real Estate
So you’ve decided that you want to get into passive real estate investing. Good for you. One of the reasons new Passive Investors Circle members choose to go this route is that they realize that investing the “traditional” way for 35+ years in a 401k doesn’t give them many options. Investing for cash flow NOW…
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The 7 Dave Ramsey Baby Steps Explained
The Dave Ramsey Baby Steps Explained If you enjoy reading and learning about personal finance, then it’s safe to say you’ve probably heard the name Dave Ramsey. Since the 90s, Dave Ramsey’s Baby Steps has helped millions of people get out of debt and start them down the path to achieving financial freedom. No matter…
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Is Becoming a Doctor Worth It? Why Doctors Don’t Get Rich
I remember growing up during high school watching Bill Cosby play Dr. Cliff Huxtable on the Cosby Show. There was one particular episode where he deliberately dressed in shabby clothes when purchasing a new car. He wanted to teach his kids that you shouldn’t ever dress like you’re wealthy when making large purchases in order…
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What To Do With 10 Million Dollars If It Fell In Your Lap
What To Do With 10 Million Dollars If It Fell In Your Lap There’s a Louisiana Lottery and Powerball electronic sign in between our house and church. Every Sunday morning after we leave church, my 16-year-old and I play a game. As we pass the sign, I ask him, “What would you do if you…
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Living Below Your Means vs Expanding Your Means – How To Get Rich
Living Below Your Means vs Expanding Your Means It wasn’t until recently that I heard a podcast host mention that instead of focusing on living below your means, we should instead EXPAND them. The majority of finance articles focused on financial independence (FI) mentions that living below your means is the first step. This principle…
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5 Outstanding Tax Strategies For High Income Earners
Do you want to lower your income tax bill? Who doesn’t? But the more money you make, the higher taxes you have to pay, right? Well, maybe not. Why do the ultra-wealthy like Donald Trump and Warren Buffett pay so little in taxes as compared to their income? It’s because they know how to play…
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How To Invest 200K In Hassle Free Real Estate
How To Invest 200K In Hassle Free Real Estate A Passive Investor Circle member recently asked, “Dr. Jeff, my wife and I heard that we can take money out of our 401k due to the pandemic. We’d like to invest $200K in something other than the stock market. Can you help?” The March 2020 national…
