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Years and years ago, when I first started in real estate investing in my mid-20s I paid off all my bad debt in two years.
I had college loans, a lot of credit card debt, bad debt...
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Sitting down to iron out estate planning issues isn’t what anyone would consider a fun way to spend an evening, but taking the time to do it now while you are healthy, especially during an unpredictable...
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We all make financial mistakes. Sometimes, those mistakes end up costing us so much that we dig a hole we can’t climb out of.
As embarrassing as bankruptcy is, the gift of a fresh start is often...
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You know that scene in a movie when the protagonist gets a call saying they’ve been named the trustee or executor of a million-dollar estate? That doesn’t really happen that often. But if it does, you’ve...
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What does “wealthy” mean, anyway?
Almost no one even thinks of themselves as “wealthy.” No, really—only 28% of millionaires consider themselves rich.
Even our conceptions about what being wealthy looks like are mostly wrong. Fancy cars? Sprawling houses?...
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How often do you ask the big questions of life?
Why am I here? What was I put on the planet to do? Who ate the Outback leftovers that I clearly marked in the company fridge? Semi-boneless...
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When I play Monopoly with my kids, I often find myself thinking about some of the ridiculous rules and how they impact the game.
It seems weird to me that leveraging a property should take away all...
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Individuals with a high net worth face investment challenges that are fundamentally different than others just beginning to accumulate wealth. While the same rules apply to the affluent as they do to all investors, the psychology...
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A self-directed, or solo 401(k)—what the IRS calls a one-participant 401(k)—is a versatile retirement account perfect for investors and business owners. Prior to the solo 401(k), self-employed people didn’t have many options for retirement savings.
Born out...
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Tell me what you think of when you envision a self-made millionaire? Someone who spends lavishly on cars, homes, and vacations, sipping piña coladas on the beach without a care in the world?
As a little kid,...
