Have you heard the news? There is a student loan crisis in the United States! According to Forbes.com, Americans collectively owe 1.5 trillion dollars in student loan debt. I believe young people looking to grow their futures and build careers are going in the wrong direction. For those that want to build a business or invest in real estate, how is one to build cash with huge loan balances lasting years after graduation? With the high costs of tuition and fees, it must be impossible to get a college degree without a massive amount of debt, right?
Wrong! Dead wrong!
This is how I GOT PAID to earn three college degrees and a training certificate. By minimizing outgoing expenses, I was able to accumulate over one million dollars in real estate by the age of 30. Let's get started!
First and foremost, I did not come from a wealthy family that funded my college. My family was not overly wealthy; yet, we also were not going hungry. We were comfortably...
In this episode, we get a chance to deep dive fix and flips with Dan Krupa, former Army Infantry Officer, and CEO of Revile Homes. Dan gives us insight into some of the good practices while getting into the Flipping game. This is one you don't want to miss!
The One Thing by Gary Keller
The Cashflow Quadrant by Robert Kiyosaki
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To find out how you can build $10,000 a month in Passive...
Contributed by Chad Payton
I’m assuming that you have read the recent exchanges between Suze Orman and Mr. Money Mustache on the topic of the FIRE movement. I tend to be more in line with the FIRE movement philosophically, however, I think that they are both playing an inefficient financial game that may or may not set them up for financial independence. The debate is interesting when you step back and analyze what they are actually arguing. They both maintain that you should accumulate net worth over time and at some point, based on a set of assumptions, begin to withdrawal for cash flow. The investing strategy is more or less the same. Put your money into the market with a diversified strategy consisting primarily of paper assets. The only real difference is the magic number of how much to accumulate prior to the drawdown phase. Suze maintains that you should build up between 8-10 Million dollars and Mr. Money Mustache says it can be done with $500k - $800k and maintain...
The FHA has revised its lending guidelines - are we headed for another financial crisis?
I keep seeing a certain Wall Street Journal Article being bandied about today along with some pretty strong claims that “it’s 2008 ALL OVER AGAIN!”. Besides simply wanting to tell everyone to calm down (last time I checked we’re adults) I think it’s a fairly interesting topic for investors to be considering and discussing. In the interest of education and thoughtful discourse, I wanted to address the article topic and give some thoughts and resources.
First, let’s talk about what the WSJ article says AND where they got their information from (I’m going to totally shock you and give original sources). WSJ got their information from this HUD Update released on March 14 outlining the reasoning and restrictions being placed on the Total Mortgage Scorecard and focuses its article on the number of people that the FHA will be excluded from lending...
Hey, what's going on guys. Welcome to the active duty passive income podcast. Today’s episode is going to be on an awesome strategy that you can use to build equity into your home fast or potentially pay off your loan faster. So you can use that money to invest, to save or to do whatever the heck it is you want.
Hey,freedom fighters welcome to the active duty passive income podcast. The only place where military members, veterans and their families learn how to build wealth through real estate investing. I'm your host Mike Foster and I'm here to show you how to stop wasting your benefits. Now get off your ass, step up to the firing line and make ready for today's lesson. Shooter stand by.
Hey what's going on guys, welcome to the active duty passive income podcast. Today’s episode is going to be so crazy. Alright listen this is a strategy on how you can pay your mortgage off as quickly as possible really in as little as 5 years, maybe a little...
You know that feeling when you hit a goal that you've been working towards for so long. Man, let me tell you this interview that you are about to hear is amazing and it is with none other than Clayton Morris. He’s been a silent mentor of mine for so long and he is going to inspire you to take action.
Hey freedom fighters, welcome to the active duty passive income podcast. The only place where military members, veterans and their families learn how to build wealth through real estate investing. I'm your host Mike Foster and I'm here to show you how to stop wasting your benefits. Now get off your ass, step up to the firing line and make ready for today's lesson. Shooter stand by.
Mike: Hey hey what's going on guys, welcome to the active CB passive income podcast. I am super super excited today to have a legend on the show. He’s been a silent mentor of mine. But he's a father, he's husband, he's a real estate investor and he's a former Fox...