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We have all heard that two-thirds of business startups fail in the first decade. If you’re like me, you encountered this statistic but dismissed it, telling yourself, “That won’t be me!” Now, a couple of months or years later, you may be wondering why things haven’t taken off like you thought they would. This issue […]

No doubt, statistics and data can play a huge role in what investments are likely to succeed and which ones have a higher chance of tanking. Both of these, statistics and data, can give a very good picture as to the potential future of an investment or an investment’s potential. However, I oftentimes hear people […]

Despite what you may hear from “successful” investors who build big, complex empires of hundreds or thousands of rental units, you can accomplish all of your financial independence dreams with a small, simple portfolio of real estate investments. It turns out that bigger isn’t always better. Of course, there’s nothing wrong with going big in real […]

Once a month, I get the pleasure of going in to a class of high school seniors to introduce the concept of financial independence. This often leads to talks of house hacking, frugality, and personal finance.In the most recent lesson, Scott Trench, financial independence extraordinaire and author of Set for Life, joined me. As we were talking about meaningful […]

For the longest time, there was an unwritten pact in America. It went something like this: First, you attend school, show up on time, and listen to your teachers so you can get good grades and a reputable college degree. Then, there will be a nice corporate job waiting for you where you show up […]

Not reacting immediately but making sure the other person feels heard is key. Feedback, in whatever form, can have a positive impact on any working professional, helping them assess what they are doing right or where there is room for improvement. Criticism or negative feedback in particular is quite valuable as it can lead to increased performance, […]

What’s a better investment, stocks or real estate? And, while we’re asking this grandiose question, what’s a safer investment? You probably have an opinion already as to the answer to both of these questions. It’s good to have opinions about important questions. And these certainly are important questions – they directly affect how you grow your wealth. But […]

Like most pieces of the property management puzzle, raising the rent is part art, part science. There’s a human element to it—that’s where the “art” comes into play. Fortunately, even that can be systematized. Far too many landlords hesitate and fear raising the rent. But it’s a part of the business, as raising prices is […]

Most people think there are two options when buying rental property. Option A is to buy in a hot market with little to no cash flow and wait for appreciation. If you’ve been listening to the BiggerPockets Podcast for a while, you know this method is frowned upon by most investors here. Option B is to buy […]