I have been following reporting about the changes that have happened in the real estate investment property market.
Partially I do that anyway, pandemic or not because I constantly work on growing my residential real estate portfolio to work towards my economic independence goal I call the Time Freedom Point. It’s the point where I don’t need to exchange time for money anymore and do what I love. Some will be exactly the same as now and a few things will be what I haven’t been able to do without money.
I also follow this so I am up to…
Since 1971 we have not had enough birth to replace the population. As long as less than 2.1 babies are born in each family, we will decline in the overall population.
Generally, we count generations in about 25-year intervals, so we know what happened in the last 50 years and how it impacts the number of people generally available to work.
The data shows that improvements in medicine and workplace safety have allowed all of us to live longer. That does not yet mean that we also work longer. In most developed countries people still expect to stop work and…
If you have been following my work in the Ideal Wealth Grower publication, our website, YouTube Channel, Podcast interviews, mindset manual, Bigger Pockets posts, you will have seen that I have been preaching investing in single-family homes for years now.
Because I live in an expensive and underperforming area of the country I suggest investing out-of-state in better-performing locations.
To make the whole approach passive I recommend working with a few select very high-quality turnkey providers.
If you have been following so far you know that this will lead to a portfolio of single-family homes that will produce positive cash…
These days we read and hear about a reemerging economy, increased demand, a return to some sort of normalcy, shortages of wood, computer chips, changes in employment — change all over.
The biggest change we all experienced came from the outside — the pandemic. The things we were used to were suddenly gone, closed, shut down, and no longer the way we were used to.
Reevaluation is a common reaction to sudden, strange stillness like that brought on by the pandemic, says Dr. Elinore McCance-Katz, who leads the U.S. Substance Abuse and Mental Health Services Administration. “It gives people a…
I have been a small business owner since 2005. When people talk about how hard it is to generate steady income as a business owner, they are right to say it’s hard.
We all learned that millions of people lost their jobs during the pandemic and the government provided financial support directly to all of us as well as to companies who applied for EIDL and PPP loans.
The expectation was that labor would come back to work as soon as conditions would allow it.
In reality, that return to work has been slower than many so-called ‘experts” anticipated.
Shortly after Thomas Friedman wrote and published the book “The World is Flat” in 2005, I had a chance to read it and marvel at his travel descriptions to Asia.
Tom Nissley described and summarized the content like this:
”What Friedman means by “flat” is “connected”: the lowering of trade and political barriers and the exponential technical advances of the digital revolution have made it possible to do business, or almost anything else, instantaneously with billions of other people across the planet. Globalization 3.0, …
In the last few weeks and months I have been asking myself the following questions:
I am curious what your answers are. For me, the answer to all the questions is: “No”.
That said, I just read online that the US stock…
When the pandemic made its way across the country and the whole economy was shut down in Q2/2020, the government stepped in with support programs like the CARES Act and other measures. That included the suspension of payment for certain loans. The most prominent was the suspension of student loans and the options to request forbearance for mortgages.
So let’s just quickly look at what forbearance means. Here is how Investopedia defines it:
Have you had a situation where you thought you knew something and it turns out what you believed all your life is not really true?
If you come to that realization for something that might be important to you but has not really had a huge impact on your livelihood, you might say: “wow, I never knew that” — and then move on with your life.
What happens if such a revelation actually affects your livelihood — or soon could?
Something like that recently happened to me — and, and I thought I was a good boy.
Let’s start at…
I am always interested to see and learn what other folks in the real estate investing community have to say and what they share.
One of these folks I respect a lot is Keith Weinhold. One thing I learned from him and apply to our own newsletter is the feature where he gives links to some interesting articles that have come out recently.
In the last newsletter, he posted a link to the Global Happiness index 2021.
I looked at the articles and the more I looked at them the angrier I got. Take a look: