Let’s get back to basics. Here are some fundamentals on which to build your wealth: Cash Flow: Cash is king. Especially when you start out, focus on investments that produce cash flow. This is how you are going to become financially free. Once you get enough checks in the mail without trading your time for […]
In the investment world, you will often hear the terms ROI or cash on cash. ROI stands for return on investment. That means how much yield you are getting on your money in a given investment. Cash on cash (COC) is a little different and it is probably best to use the example of real […]
I hate when financial advisors start talking about buckets. It makes me want to punch them in the nose. You know what I’m talking about—the bucket strategy. You got your growth buck—the one with stocks and mutual funds. I hear financial advisors say this one grows at about 10 percent. Then there is the next […]
Robert Kiyosaki famously says “savers are losers”. What does this mean? Would you leave your money in the bank if they took money out of the account every month instead of giving you interest? My guess is that you would try to figure out where else to keep your money. After all, who wants a […]
This week’s weekly wealth widget is sort of no-brainer for most of us. However, if you are still sitting on real estate sidelines, this one is for you. Here are just a few reasons why you strongly consider investing in residential real estate. You own a real asset that does not fluctuate on a day […]
This week, we are going to talk about a topic that tends to be a hot button topic–leverage. First of all, let’s define leverage. Broadly speaking, leverage in finance could define anything that has the ability to increase investment returns. It could be something like having great financial advisors or help to maximize your own […]
Wealth Formula Nation, Welcome back to our weekly wealth widget. Last week we defined capitalization rate aka “cap rate”. To review, cap rate=NOI/Purchase price. Cap rate can also be seen as the yield of a given asset without leverage. How is cap rate used practically speaking? Well, markets typically have a market cap rate which […]
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