…an abandoned greenhouse. Ugh. And I’m standing there thinking, “Ohhh, this is the “what if” worst-case scenario that scares others from investing!” Then I sprang into action. First, I called…
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Five People, One Income, and Self-Made Success
…up, and had it rented in two months. I don’t view the rental income as “income”. It all goes to paying down the debt. The sooner I pay it down,…
The Airbnb Experiment: 42 Guests, 1 Police Visit, and $19,000
…Eight crazy months, 42 guests, one police incident, and $19,000 in gross income. I’ve packaged the adventures, ideas and full disclosure of the numbers into this blog post. Brace yourself,…
Should You Buy a Vacation Rental?
…can be lucrative, if you buy the right place at the right price and manage it well. But I wouldn’t call it an “investment.” I’d call it a “business.” “Uh,…
#91: How to Spend Less, Earn More, and Grow the Gap
…it’s more important to earn more vs. save more. This argument is like chocolate vs. vanilla. Cats vs. dogs. Pepsi vs. coke. You get the idea. Everybody takes a side….
How I’m Making an Extra $3,450 Per Year with Three Weeks of Part-Time Work
…micro-managing territory and only intervene if something was actually important to the final outcome. Still, it’s a reasonable question to ask why I chose to be so actively involved in…
Everything I Know About Blogging, Condensed into One Post
…in a given topic. For example: If you’re interested in rental properties, I’d like to send you more information about how to be a successful investor. If you’re not, I…
How to Buy Real Estate When Everything is Expensive
…annual rent is $12,000. The P/R ratio is $300,000/$12,000 = 25. If you’re renting in a neighborhood with these types of numbers, remain a renter in that location. “I don’t…
#198: The Japanese Art of Being a Zen Millionaire, with Ken Honda
…peace. If you’re still anxious about money, then your real anxiety is not about the digits in your bank account. It’s an anxiety around the idea that perhaps your friends…
#318: Ask Paula – How to Think About Finances at the 30,000-Foot Level
…I open a SEP IRA? Grace asks (at 34:47 minutes): I’m sort of in panic-mode as I’m wondering if I messed up my tax planning for retirement. I’m an independent…
