How NOT to Go Broke (A Study of 188 Celebrities Going Bankrupt)
After the big real estate crash of 2008, a friend sent me the book book titled “They Went Broke – Bankruptcies and Money Disasters of the Rich and Famous.” Oddly enough, the book was written by an attorney, Roland Gary Jones, who was having money problems! He wrote: “I’m writing this book primarily because I…
How to NOT Lose Money In The Next Market Crash (whenever that may be)
Last year, I stumbled across an article on Fool.com with this headline: “Buffett to Berkshire Shareholders: Be Prepared to Lose Half Your Money” The headline is really just a marketing hook to get readership. The key sentence in the article is actually this: “Buffett warns Berkshire investors that losses of 50% or more are not…
The TWO Money Rules of One of The Richest Men in the World: J. Paul Getty
Last year, I went to see the movie “All The Money In The World” when it was in the theaters. It’s the true story of the kidnapping of J. Paul Getty’s grandson. At the time of the kidnapping, Getty was one of the richest men in the world. His grandson was kidnapped as a way…
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…
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