Do You Own Cash-Flowing Assets?

Do You Own Cash-Flowing Assets?

Since I was a kid, I had it set in my mind that I was going to be rich.  And for years, I thought that the only way to become rich was to accumulate as much money as possible.  And while that is one way to get rich, it’s probably not the most efficient – especially because inflation loves to work against the money that you’ve saved.  It took me a long time, but I’ve learned that the accumulation of cash-flowing assets is a much better way to reach financial freedom. What the heck is an asset?? An asset is just something of value.  If you’ve read any of Robert Kiyosaki’s books though, he takes it a step further and says

Shared Finances or Keep ‘Em Separated?

Shared Finances or Keep ‘Em Separated?

There are a couple of trains of thought on whether or not spouses should keep their finances separated out or whether they should be combined.  Some people are very adamant that, once you’re married, you are as one and all your finances should be joined together as such.  On the other side of the fence are those who feel that merging your money spells financial doom.  That, of course, leads to the question… Shared Finances or Keep ‘Em Separated? My wife and I keep a lot of our accounts separate – checking accounts, credit cards, Roth IRAs, etc.  But, I think that this is mostly because it’s how we’ve always done it since we’ve been together.  We also handle our finances differently from each other – I’m

Why I Changed the Funds in My 401(k)…

The 3 Simple Rules of Investing

I love reading.  I’ve always been a bookworm and, although I don’t have the time I used to, I still read quite a bit.  I actually find myself reading more nonfiction than fiction, but I love a good fiction book as well.  Recently though, I read a financial book that’s stuck in my head… and I’m not sure whether that’s a good or bad thing, but it made me question my retirement funds. The book I finished reading is The 3 Simple Rules of Investing: Why Everything You’ve Heard about Investing Is Wrong and What to Do Instead by Michael Edesess, Kwok L. Tsui, Carol Fabbri, and George Peacock. First off, please note that I was not asked to review this book or paid in any

73 Questions to Use When Interviewing Property Managers

73 Questions to Use When Interviewing Property Managers

Hey everyone – I’ve been wanting to find someone to do a guest post for a while now and recently I’ve been talking with Caleb Malik from Active Renter.  He’s put together an article that’s an excellent complement to my post Is a Property Manager Worth the Money? so I thought it would be a great opportunity to bring him in to share with you. So please enjoy!! — Jim   About the Author: Caleb Malik is a digital marketing coordinator for a property management company in Phoenix, Arizona. In his free time, he enjoys reading about the most recent real estate investing trends and blogging about property management. He also teaches communication courses at a community college and is on an unending quest

Our 8 Financial Goals for 2016

Top 10 Financial Goals for 2016

This past year was an exciting one for us, albeit a little bit of a roller coaster ride.  However, we were able to pick up a new rental property, max out my 401(k) and contribute up to the match in my wife’s account.  We also added to our Roth IRAs and a little bit in my HSA, and continued to save a good deal in our online savings account. No time to rest on our laurels though – last year’s financial goals are in the past!  We need to keep pushing toward moving our financial freedom and early retirement date up.  So without further ado… Our 8 Financial Goals for 2016 1) Build back up our online savings I’ve talked about how I think online savings