Category Archives for Building Wealth
Phases of Real Estate Investing
Many investors go through three distinct phases while investing in real estate. Of course this will depend on your goals. For example if they are planning on using the funds as their primary income source. How these investors do their purchases and think of investing is quite different and distinct, depending on the phase that […]
Continue readingWhy Do You Feel Like You Are Never Getting Ahead With Your Mutual Funds?
The financial services industry is huge and they have a multi-billion-dollar marketing machine behind them. I often find people accept what they are being told instead of trying to dig a little deeper and find out what is really going on behind the numbers and behind what is being said. I want to expose one […]
Continue readingHow Does a Seasoned Real Estate Investor Approach Risk?
Risk is one of the most misunderstood terms when discussing investing in any asset class. If you can understand what risk means, you will see as I have seen, that seasoned real estate investors are one of the least risky investors. If you were to ask someone what they needed to do in order to […]
Continue readingThe Seven Deadly Real Estate Investment Sins
Real estate investors can be hurt by mistaken beliefs around achieving success through investing in real estate. There are certain beliefs that real estate investors who have achieved wealth in the $10 – $100 million net worth range, that they don’t share with others. The most damaging of those beliefs are included here. By understanding […]
Continue readingCreate Your Own Learning Library
If you want to improve or change your situation, then education is an important part of doing that. Applying what you learn is just as important as educating yourself. At DurhamREI meetings I have mentioned that I read 3-4 books a month, which help to sharpen my saw and keep me focused. I’m really proud […]
Continue readingYou Can Create Wealth by Using Multiple Streams of Income
There are only six ways that you can create wealth. You can inherit it(1), marry it(2), win it(3), steal it(4), work for it(5), or invest to get it(6). I’m not really interested in the first 4 ways to create wealth as I don’t see them as something that many people can reasonably expect to do […]
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