You want to have more time so that you don't miss any more games, recitals, picnics, etc. We all do. Once you realize that time is finite you begin to appreciate your time and guard it a lot more….
Read moreFear to the Rescue
As humans it is only natural to have fear regarding a new activity or a new risk when you don’t know for sure the outcome. But then again, there would be no risk if you new the outcome.
Read moreMore Time and Money...
I was raised to get a good job and make sure my bills were paid. We NEVER even had a conversation about business, money, passive income, or financial freedom.
Read moreThe Over Simple "30% Rule"
Don’t over complicate your process to evaluate a rental property. Simply use the 30% rule and build your empire!
Read moreWhen in Rome...be a Grizzly Bear
...If a parent can’t manage his or her own household, they sure as hell can’t run a business.
Read moreYou're F*cking Crazy...
Different actions get different results. Mr. Tenant is a typical hard-working American that serves his country and takes care of his family. All he knows is to work hard, get a paycheck, pay the bills, and if there is anything left over, we can buy “stuff”…
Read moreFrom Mexico: What Passive Income Has Done From Our Family!
As our family sits on the beach in Tulum, Mexico we reflect on our journey. It all began with the desire to own our time. To live life on our terms. To not work for money and to have our money work for us
Read moreDon't be a "YES MAN". This is YOUR business!
Contrary to popular belief, the customer is NOT always right…
Read moreHow NOT to go Broke in Business
How to avoid the pitfall of “more money, more problems”. It boils down to “Delayed Gratification”. What most new entrepreneurs don’t do is have a 3-5 year financial plan. I’ll give you a little insight into our 5-year plan. We knew that our business probably wasn’t going to take off immediately. We knew that we had a lot to learn, but if we stuck with it that success would come. And boy were we right!
Read moreProtect Your ASSets!
My wife called me and said, “Mrs. Jones just called me and said that her knee hurts and that she wants our insurance information”.
“Who is Mrs. Jones?” I said.
My wife, “The lady that walked through Loon Dr. last week”, which is a house that we had just acquired and put up for rent.
When you are successful, people will see that. It is an unfortunate part of our culture such that anyone can sue anyone for anything. We are good at covering and protecting ourselves. Mrs. Jones realized quickly that we weren’t an easy target and quickly withdrew her concerns about our insurance. I guess her knee didn’t really hurt that bad after all.
Read more5 Bank Accounts Your Business Needs!
You can do a lot with a checking account, but you are going to need more than a checking account to run a successful business. Check out the accounts that we use to manage our cash flow and profit!
Read moreWaiting for the "Right Time"
…This is exactly how starting a business is. You have a grand plan for being successful. You plan out your grand opening. You know how you are going to start marketing, how you are going to raise the funds for operating cost, what your profit margins are going to be, you have even projected your first year of profit. You are just waiting for the right time so that nothing can go wrong.
Read more4 Reasons Rental Real Estate is KING!
Many, I dare say most, of the millionaires in America, have achieved their wealth through owning rental real estate. However, you never see them on TV. Why is that? Because owning rental real estate is not sexy or exciting. That wasn’t a typo.
Turn on HGTV or any number of those shows and you’ll see people flipping homes and selling for much higher than their purchase price. They don’t show most of the details and it leads the tv audience to believe that it is just that simple.
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