Here’s a simple truth. It’s almost impossible to become financially independent working a 9 to 5. As Robert Kiyosaki points out in his book Rich Dad, Poor Dad, the disadvantages of being an employee are just too numerous. Taxes, for one, crush your wealth building ability. Worse yet, you’re not guaranteed job security. And if you don’t work (get sick, injured, laid off, etc), … [Read more...]
Building Wealth Through Real Estate: Hacks, Tricks, and Tips
Last week we revealed the formula for true wealth formation: Income - Expenses = Capital (seed money) left over to invest in wealth building assets. Unfortunately, too many of us believe that investing in our primary residence is the surest path to wealth creation. Now don’t get me wrong. I am a strong advocate of home ownership. But owning a home is about having a place … [Read more...]