Duuuuuudes!!!!! Happy Friday! Today is a big day… I’m in New York City right now. Took a last minute flight here yesterday, because today at 4pm EST I’m gonna be ringing the closing bell at the New York Stock Exchange!!! 🤯 Some of you might not know what this means or really care much about Read more about Miracle on 34th Street…[…]
Woohoo! It’s Tuesday! Time to celebrate!! Why celebrate on Tuesday?…. Well, why not? Got some Q&A from yesterday to share… And thank you to the peeps who participated! Next month I’m gonna ask YOU all the questions and will publish YOUR answers 🙂 ***** How is Cooper? (Jason R) Thanks for asking! He has regained Read more about Ask Me Anything – Round 2[…]
I’m not a stock market expert. But I’ve studied enough to know this… If you invest with the intent of revenge, greed, fear of missing out, getting rich quick, or hurting others, you will almost certainly fail in the long run. Rather, if you invest in value, think long term, master patience, study things thoroughly, Read more about GameStock Saga – check your motive[…]
Refinance Magic – Putting Equity to Work [Guest post by “K. Money!”] What if I told you that I could increase the production value of your rental property by 10-20% and I will PAY YOU $4,600 to do it, does that sound like something you’d be interested in!? Now you are probably thinking…… “This sounds Read more about Refinance Magic – Putting Equity to Work[…]
This is a simulation game to test whether you can predict the timing of the stock market… Try it: Market Timing Game All you do is click the [Start/Pause] button, and the graph will start moving. Then, use the [SELL] and [BUY] buttons to move your money in and out of the stock market. Goal is obviously Read more about Let’s play a game… Can you predict the stock market?[…]
Well it’s a fun week in the stock market… This week about 30% of the S&P500 will report their Q4 earnings from last year. Some stocks will skyrocket, others will plummet. Some investors will freak out and sell stuff, other investors will freak out and buy stuff. In times like this it’s important to remain Read more about Stay patient my friends…[…]
What is Financial FOMO? You’ve probably heard of regular FOMO, which is the fear of missing out. It’s when you worry or have anxiety about missing out on fun and memorable experiences in life. What about Financial FOMO or Investing FOMO? Financial FOMO is a little more specific to money and investing. It’s when you Read more about Financial FOMO: What, Why and How To Avoid It.[…]
The Pessimists are always right! (in the short term) – Guest post written by Joel’s Dad! – Do you ever get tempted to divide everyone up into optimists and pessimists? Optimists are always looking on the bright side; “glass half full”, ready to accept even the smallest chance of success against the odds. Read more about The Pessimists are Always Right (In the Short Term)[…]
Steve: Hey Joel, can I borrow $50,000? Joel: Ah… that’s a lot of money… What are you gonna do with it? Steve: Well, I have an opportunity to buy a rundown house. My plan is to fix it up, put a renter inside, and then sell it to another investor as a “turnkey” rental Read more about Accidental Hard Money Lending[…]
There are downsides to owning out of state rental properties. Some of them can be combated with careful planning and extra ongoing efforts, while others are simply unavoidable. None of my rental properties are even remotely close to where I live. (In fact, the closest property I own is 1,463 miles away – just a Read more about The Downsides to Owning Out of State Rental Properties (And How to Deal With Them)[…]
Sometimes I feel like the world‘s worst real estate investor. Even with all the books, podcasts, and knowledge I’ve consumed over the years, I still regularly screw up, waste time, lose money, and make rookie mistakes. I’m not alone… Perfect Investors: – don’t lose money, – don’t make mistakes – don’t need help Read more about Making Mistakes in Real Estate – We All Do It[…]
Earlier this year I found myself in a rut. A real estate investing rut. I had my head down focusing on buy/hold rental properties for so many years, I never really took a step back to consider my overall strategy and general position as an investor. In addition to this rut, a couple new factors Read more about Changing Real Estate Investing Strategies[…]
Investing in a House Flip For a long time my investment strategy has been “buy and hold” rentals. Specifically, small multi-family properties. This has been a slow and conservative way to building wealth through real estate. I’ve read about people that “flip” houses for quick profits, and it never really interested me in Read more about Funding a House Flip – Numbers, Notes, and Q&A![…]