How to Solve Money Problems With This 3-Step System
When I was working full-time in the corporate world, I was always frustrated because it never felt like I had anything to show for my 60-hour work weeks. Yes, I was receiving a paycheck every two weeks. Each paycheck would quickly be consumed by our mortgage payments, car payments, utilities, taxes and all the other…
A Study of The F You Position
Note: This little ditty was excerpted from the December 2017 Issue of My Cashflownaire Letter. I’m a partner in a 24-unit apartment building here in Ohio. I manage this property with two of my partners. All three of us have a large portfolio of income properties. Our full time jobs, if you consider this a…
Use this simple plan to make your children wealthy
I’mma gonna share a secret with you. I have a plan to build a financial fortress for my daughters. My plan is to accumulate 50 shares of Amazon stock for both of my daughters. Both of my daughters have self-directed IRA accounts. More importantly, they both own income properties in their retirement accounts. Each month,…
How to invest like ‘Old Money’
Back in October, my daughter went to Homecoming with a large group of her friends. By large group, I mean around 40 kids. They met at one of the most prestigious country clubs in our area for pictures. All of the Moms immediately turned into paparazzi, snapping hundreds of pictures. I didn’t take one picture.…
“Here’s what the average retiree spends each month…”
Barron’s recently published an article highlighting what the average retiree spends each month. Here’s what I found in the article: “According to the latest Bureau of Labor Statistics data, which is based upon 2016 figures, “older households” – defined as those run by someone 65 and older – spend an average of $45,756 a year,…