I know hats are out of fashion except at British royal wedding, when wearing the biggest, weirdest hat seems to be some kind of competition. I still think hat-wearing is a perfect metaphor for the different roles we take in life. Many of us will wear a huge collection of hats over the course of our […]
Category Archives: Philosophy
Money and spending are very psychological. After all, millions of dollars are spent daily on trying to convince you that you need a certain product or that your life would be better if you bought it. Trying to convince you that you’d be more confident, richer and more attractive if only you bought the right things. […]
If you’re a regular reader then you know I’ve said a few times now that landlording is not passive income. Period. Anyone who tells you otherwise is probably trying to sell you something. Maybe they are just naive. Perhaps you should question the source.
Notice that I didn’t say real estate investing is not passive income. That’s because there’s a million and one ways to invest in real estate and many of them are hands-off.
But it turns out that most of the supposedly “passive” sources of income are not passive at all.
Financial Independence as a race is an analogy that I’ve been thinking about for a while so I thought it was time to share it with all of you! And before you say “This article doesn’t apply to me since I’m not interested in financial independence,” I would say “unless you plan to work until […]
One thing I love about real estate investing is that you get to own something tangible, something physical. When you buy a share of stock, you’re buying a piece of a company. But when you buy a rental property, you’re buying a piece of a community.
Additionally, the average real estate transaction involves dozens of people and companies in many different areas. And that’s just to buy the place! After that you’ll need to renovate, find a tenant, and manage the property. You have to deal with all kinds of people.
Since you are dealing with real property and real people, it also means that you can make a real impact in your community…
Pardon me while I get a bit serious. (Knock it off. I can hear you groaning out there…) Any belief that you have now came from somewhere. You certainly weren’t born with any beliefs. Some experience you had shaped your thinking into what it is today. Maybe it was a direct experience. That is: something […]