Whether you’re a first-time real estate investor or an experienced veteran, you can always do a little bit more to maximize profit in your investment properties. Here’s how you can get the most bang for your buck. 

Fix-and-Flip for Cheap

One of the most common types of investment properties are fix-and-flip properties. For the uninitiated, a fix-and-flip investment is when you buy a house that’s undervalued, most of the time because it’s old and run-down. You purchase it at a cheap price, fix it up and make it nice—thus improving its value—and then you sell it to make a profit.

Long term financial planning is not an easy task. You have to consider a myriad of potential setbacks, changes and opportunities that will arise over an extended time period. It can be exhausting to map out your plans, but still more draining to do what you need to do when sticking to those plans. 

Fortunately, once your plans are set you can put them out of your mind unless there is a major life transition. It’s those transitions that are the hardest to plan for financially.

We’re headed for another recession. At least, that’s what people are saying, both on the news and elsewhere in the media. However, with an economy that’s thriving right now, where is all of this recession talk coming from? 

While we’re not going to dive into the many variables that are included in modern economics, one element that has financial analysts shook is the inverted yield curve. However, outside of stock exchanges and broker offices, chances are that you don’t understand what this curve is and what it means for the economy. 

The newest version of the iPhone just came out, and it seems like all of your friends are getting it. The latest console has just been unveiled, and your buddies were some of the first to buy it. Does this sound familiar? 

These days, it seems like more and more people are participating in “conspicuous consumption.” Back in the ‘50s, this was referred to as “keeping up with the Joneses.” The Joneses were a well-to-do family that always had the latest appliances and vehicles, and they forced everyone on the block to catch up to their level. 

This post was last updated on January 20, 2021, to reflect all updated information and best serve your needs.

Full Disclosure: This article is not a get-rich-quick scheme of how to become a millionaire in your 60's. Rather, it's a list of sound principles and practices that you can put into place to become a millionaire at some point in your life even if not in your 60's. Becoming a millionaire and/or achieving financial independence takes discipline, hard work, and savings. I can assure you it WILL NOT happen overnight.

This post was last updated on January 20, 2021, to reflect all updated information and best serve your needs.

Full Disclosure: This article is not a get-rich-quick scheme of how to become a millionaire in your 50's. Rather, it's a list of sound principles and practices that you can put into place to become a millionaire at some point in your life even if not in your 50's. Becoming a millionaire and/or achieving financial independence takes discipline, hard work, and savings. I can assure you it WILL NOT happen overnight.

Organizing your financial life is a fundamental, critical step for wealth building. Establishing a budget, planning your savings and ensuring you are preparing for retirement now secures your future and ensures you stay on track to meet your personal financial goals. Given the plethora of financial advice available, it can be difficult to find and develop the right plan for you. 

There are some fundamentals that can be applied to anyone’s financial situation though, and creating an efficient financial life is as much about getting started as it is maintaining smart financial planning and decisions. Here is our brief guide to creating an efficient financial life that meets your needs.

Imagine going on a ten-month European adventure not having to worry about making money because your passive income is filling your bank account back home. Sounds nice, doesn’t it? 

Not sure exactly what passive income is? Well, passive income is when earnings are derived from a business (product or service) where there is little involvement by the person who created it. 

Have you ever thought about what financial freedom looks like? Or, has it never even crossed your mind simply because you’re just trying to make it to the next day. 

Regardless of whether you’ve actually thought about it or not, it’s something most people can’t even fathom but would love to achieve. However, the main issue lies in how to actually get there.

This post was last updated on January 20, 2021, to reflect all updated information and best serve your needs.

Full Disclosure: This article is not a get-rich-quick scheme of how to become a millionaire in your 30's. Rather, it's a list of sound principles and practices that you can put into place to become a millionaire at some point in your life even if not in your 30's (which is extremely difficult to do). Becoming a millionaire and/or achieving financial independence takes discipline, hard work, and savings. I can assure you it WILL NOT happen overnight.