Use This “Accounting” Idea to Become a Better Investor
One of the classes I had to take in college for my accounting degree was Managerial Accounting. The class taught us how to measure and analyze manufacturing costs for individual businesses. If an accountant (or entrepreneur) miscalculates these costs, the business stands to lose a lot of fungolas (the word Gary Halbert used for money).…
How to Turn Equity Into Cashflow Without Debt
Last year, I bought this foreclosure to help pay for my daughter’s college education: It’s a nice 3-bedroom home on a quiet tree lined street here in Ohio. The purchase price was 49,500. After closing, I invested another 5,000 to get the home ready for showings and ended up renting it for $975 a month.…
How You Can Build Health Equity
Have you seen this advertisement? It’s very good from a marketing perspective. If you can do any one of these physical activities, you may qualify for a discounted $3,000,000 life insurance policy. You can see what rates you qualify for here. (This is not an affiliate link and I have no affiliation with this company.)…
The Velocity of Money (Revisited)
This lesson is really adapted from Robert Kiyosaki’s book, “Who Took My Money?” You might want to add this book to your reading list! He writes that the velocity of money is one of the reasons why the rich get richer while the average investor risks losing a large portion of their savings. From Robert’s…
9 Ways You Can Use the Placebo Effect to Your Advantage
A few weeks ago, I stopped watching and reading the news. I’m also not paying any attention to the daily updates of reported numbers for the coronavirus. I’m proactively avoiding all of this for two important reasons: 1. I’m not willing to live in fear. (ain’t got no time for that)2. I understand the true…