My “Embarrassing” Car

My current car embarrasses my two daughters. One of the embarrassing things about the car is that it is extremely loud. When I purchased this used car two years ago, the seller had just replaced the tires. They put the cheapest tires on the car and I’ve been driving it ever since with the same…

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The Fortress of F&!king Solitude

Warning this post and this video contain adult language! If you’re easily offended, please do not watch this video or read any further. Last week I participated in a conference call with a group of awesome investors from Canada. During the call, I was asked THE question I have been working on for the last…

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Trophy Assets

I’m not sure where I originally heard “trophy assets”, but I have been thinking a great deal about them lately. Here is how I have defined a trophy assets for my own purposes: An asset you would want to own for life. An asset that generates more income and increases in value over time. An…

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4 Ways to Achieve Financial Independence

There are 4 basic ways to achieve financial independence. Before I share these with you, I thought I would start with my updated definition of financial independence: Financial Independence – Having enough money coming in each month to cover your family’s living expenses without having to trade your time for the income. So if this…

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The Permanent Portfolio – Financial Planning for Real Estate Agents

Have you heard this investing strategy? “Put all of your eggs in one basket and then keep your eyes on the damn basket” Well, I put most of my eggs in one basket and have a big mess of broken eggs right now. Here’s what happened… I sold my real estate business with financing. This…

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