Real Estate Investing Blog

Welcome!  |  Home   
Real Estate Investment Property

Your Premier Source for Turnkey Cash-Flow Investment Property

  "Live Where You Want.  Invest Where it Makes Sense!" ™

Archive for the 'Personal Development' Category

Best Finance Books Of All Time That Can Make You A Millionaire In 2019

Books To Read To Get RichBest Finance Book Of All Time

Research shows that 88% of wealthy people devote at least 30 minutes a day to reading. If it works for them, it could work for you. For the majority of people, books are part of their everyday life. A book is like a best friend who will never walk away from you. You start out with that 15 to 20 minutes of reading every day, and the next thing you know you’ll be doing an hour a day because you’ll be so excited about all the information that you’re learning.
Below, we’ve rounded up 12 best finance books. These are the best finance or money books of all time to help you get out of the rat race of debt and achieve the wealth that you truly deserve. These best get rich books of all time teach you that mastering your money has more to do with mindset and overcoming psychological barriers than anything else, and they teach you how to start thinking your way to success. A person is limited in what they can accomplish without good reading and comprehension skills. Anyone who wants to learn the art of money making and getting success must read these best finance books of all time.
Read more »

Why Boomers Will Continue to Struggle

Headlines such as this break my heart: “With $15 Left in the Bank, a Baby Boomer Makes Peace With Less.” But I predict that we’re going to see more and more like this in the coming months and years. That’s because the problems with retirement age people are bigger than anyone imagines.

This story is merely a collection of symptoms of the bigger problem. It’s the story of Kathleen Wolf, a woman trying to do the best she can. She has spent many decades living and working in Monterey, California. She built a very happy and prosperous life there. But with the subprime meltdown, her considerable wealth in real estate disappeared almost overnight. It didn’t take long for her bank balance to reflect that she had just $15.

Read more »

Why Cheap People Will Never Get Rich

The other day a friend of mine approached me excitedly, saying, “I found the house of my dreams. It’s in foreclosure and the bank will sell it to me for a great price.”

“How good is the price?” I asked.

“Just before the real estate market crashed, the seller was asking $780,000 for the property. Today, I can buy it from the bank for $215,000. What do you think?” she asked.

“How would I know?” I replied. “All you’ve given me is the price.”

“Yes!” she squealed. “Now my husband and I can afford it.”

“Only cheap people buy on price,” I replied. “Just because something is cheap doesn’t mean it’s worth the cost.”

Read more »

Decide If You Want to Be Secure, Comfortable, or Rich

Before you can become rich, you must decide whether you want to be secure, comfortable, or rich.  These are called core values, or the reasons you want to invest.

The first reason most people invest is because they want to feel more secure.  That’s why Social Security or a retirement plan is very popular with people whose core value is the need for security.  Security is a very important aspect of investing.  You don’t want to be a destitute out on the streets with nobody taking care of you.

Read more »

17 Things Very Successful People Never Stop Doing

Think about the most successful people you know.  Here are 17 things I’ll bet they’re constantly doing.

Think of the most successful person you know.  Maybe we’re talking about a work colleague or a mentor.  Maybe this is someone you knew growing up or in school — and you can’t believe how much he or she has achieved since then.

Read more »

Personality Types and Real Estate Investing

A few years ago, I was chatting about financial freedom with a close friend.  My friend was very interested in becoming financially independent, and really wanted to discuss how she could increase her wealth.

However, when I shared my journey to financial independence, she had a lot of reservations.

Read more »

Myths and Fallacies That Limit Financial Liberation

Financial liberation is beyond most people’s reach because of the following four myths and destructive mind-sets:

1. The Retirement Myth
2. The Financial Freedom Myth
3. The Entitlement Mentality
4. The Fallacy of “Someday”

The Retirement Myth

The retirement myth is the idea that the purpose of life is to work for thirty years, save enough money, and then stop working and live off one’s savings. This destructive myth causes many people to stay in jobs they don’t like and that don’t allow them full expression of their best talents. It makes us sell our “birthright” for a “mess of pottage” in the form of golden handcuffs and benefits. It often leads to small lives built around limited dreams.

Read more »

The Secret to Investing That Most People Miss

Secret to SuccessSurprisingly, most of us chronically overlook our most valuable asset, which is our own self!

So how do you invest in yourself?

The first often ignored step is taking the time to figure out what your ideal life looks like, financially, occupationally and otherwise, so that you can design your investing, and you finances in general, to complement your long and short-term objectives.

Read more »

50 Best Success Quotes of All Time

1. “Identify your problems but give your power and energy to solutions.” — Tony Robbins

2. “You live longer once you realize that any time spent being unhappy is wasted.” — Ruth E. Renkl

3. “The only true wisdom is knowing that you know nothing.” — Socrates

4. “If you are not willing to risk the usual you will have to settle for the ordinary.” — Jim Rohn

Read more »

29 Pieces of Advice from a Seasoned Real Estate Investor

29 Pieces of Advice from a Seasoned Real Estate Investor

1. It’s not how much money you make that matters, it’s how much you keep.

2. Don’t let friends, family, or co-workers talk you out of real estate investing unless they have more money than they know what to do with. If that’s the case, do what they’re doing.

3. Free contracts are worth what you pay for them. Have your contracts approved by an attorney who will defend them in court. If you have to ask why, you’re new to the business.

Read more »

A Balanced Life – Part 2

Please read part 1 of A Balanced Life.

Most people are time wasters.  They waste their own time, and they waste your time as well.  To be successful and happy, you must discipline yourself to work all the time you work.  The average employee works at about 50 percent of capacity.  Fully 80 percent of people working today are underemployed in that their jobs do not really demand their full capacities.  Only 5 percent of workers surveyed recently felt that they were working at the outside limits of their potentials.

Read more »

A Balanced Life – Part 1

I just returned from a long-overdue two-week family vacation in Thailand.  It was amazing!  I recommend adding it to your bucket list.

Being there gave me some time to think about life’s priorities and how to better balance my life.  So this week I want to share something a little different with you in our newsletter…

Read more »

Best Real Estate Investing Advice Ever

I recently finished recording a podcast as the featured guest on “Best Real Estate Investing Advice Ever” hosted by Joe Fairless.  This is consistently one of the top rated investing podcasts on iTunes and I encourage you to check it out.  The podcast featuring my interview (#111) was released on iTunes on December 21, 2014.  (You can listen to the episode below.)

In my interview as a guest on the “Best Real Estate Investing Advice Ever,” the host ended the show with what he called the “lightning round” where he asked me some rapid fire questions:

  • What your best investing advice ever?
  • What book has been the most helpful to your investing?
  • What event or audio program has had the most impact on your life?
  • What’s the best real estate investment you’ve ever made?

Read more »

The Richer You Are the Older You’ll Get

Money may not buy love, but it appears to buy years.

Economist Barry Bosworth at the Brookings Institution crunched the numbers and found that the richer you are, the longer you’ll live.  And it’s a gap that is widening, particularly among women.

Mr. Bosworth parsed this data from the University of Michigan’s Health and Retirement Study, a survey that tracks the health and work-life of 26,000 Americans as they age and retire.  It is especially valuable as it tracks the same individuals every two years in what’s known as a longitudinal study, to see how their lives unfold.

Read more »

The Law of Now

Optimism can only be rewarding if one takes action. Without it, it’s like driving a car that runs out of fuel; you’ll never arrive at your goal. Your past mistakes or apprehension about the future has nothing to do with what you can do today or what you should act upon. Decision-making may be risky but there are great results if it is coupled with a conscious effort to do what is right.

People are generally reluctant to kick start their plans right away because they are either afraid to commit mistakes or they can make foolish decisions. They dread of becoming listless, indifferent to taking a step to realize their potential.

Read more »