“Are you going to sell your properties?” Now that I live in a different state than my rental investments, I hear this question a lot. But people with the long-term Afford Anything mindset might phrase this differently. Instead of “will you sell?,” the better question might be, “how can you hold?” How will I manage…
This is Part II of the Passive Income for Beginners series. Start by reading Part I here. When I quit my 9-to-5 job, I had no concept of passive income. Like most people, I conceptualized money in terms of time: “they pay $25 per hour” or “she makes $60,000 per year.” When I quit my…
Imagine this: You hop on a flight to Brazil or Costa Rica or Thailand. You spend a month reveling in the sand and surf. You taste new foods. You discover new music. You spot wildlife you’ve never imagined. You don’t check email the entire time. Heck, you don’t even post photos to Facebook. You’re radically offline — like…
An Afford Anything reader recently emailed me about this dilemma: He’s upside-down on his home. He owes more than the house is worth. But he wants to take advantage of today’s low housing prices, which will let him move his daughter into the best school district in town. He can put 10 percent down on…
Many of my readers are rental property investors (or aspiring investors). But not all of them live in “cheap locations.” Several readers have asked what how to invest if they live in a place where houses don’t meet the One Percent Rule. Let’s answer this question by featuring Brian and Kristin, a couple in Arlington, Virginia,…
You know that sinking feeling in the pit of your stomach, when you decide to remodel your kitchen … … and you think it’ll cost $5,000 …. … and it ends up costing triple your estimate? Yeah.
Note from Paula: In my last post — Part 1 – I described how I searched for a rental house. In today’s post, I’ll spill the details of how I put the deal together. **** To say that the house is a “fixer upper” is too polite. The house is –- well, it’s safe for…
Want to learn how to double … triple … even 10x your money? Read on. If you’re like most people, your only money-making asset is your ability to work. Take that away, and you’re sunk. But here’s a little-known truth: our ability to work is limited by our time, energy, and desire. Our money’s ability…