Why Getting a Deal Does Not Matter

Why Getting a Deal Does Not Matter

click photo for more information
Why Getting a Deal Does Not Matter
Why Getting a Deal Does Not Matter Here’s the thing, most folks spend far too much time focused on “getting a deal” and not enough time on preparing themselves to take one on.  The first step for everyone is to identify “what” a “deal” is, sadly, most cannot.  Learning what a deal looks like begins with establishing your investor identity first. Investor identity comes down to determining the type of investor you want to be, the asset class you choose to invest in, the risk tolerance you are comfortable with and the rate and type of return that is acceptable to you.  Are you focused on one thing? Or everything?  It is a fair question. Begin with the end in mind, which for me means that I need to think about my ultimate goal, my “why” if you will.  For me, I like to travel and see new places and experience new things.  This means that I need predictable streams of income that don’t require much of my attention.  For me, this means investing in multi-family real estate because I can employ teams and systems to do “the work” for me. Next, you must learn about responsible money management, especially [...]
0
222

Comments

Land Investing Mistakes—No Big Deal

click photo for more information
Land Investing Mistakes—No Big Deal
We all make mistakes in the land investing business, the good news is they are fixable but they also come with a valuable lesson! Scott Todd takes the controls for this week’s Round Table as [...]
1
110

How to get college scholarships in 2019 (how I got $100,000+)

click photo for more information
How to get college scholarships in 2019 (how I got $100,000+)
How to get scholarships in 3 easy steps Step 1: Adopt a robust “scholarship application mindset” Step 2: Learn to find the scholarships that will pay THOUSANDS Step 3: The only application [...]
0
64

How to talk to people (even if you don’t know what to say)

click photo for more information
How to talk to people (even if you don’t know what to say)
You’ve probably been there before: You walk up to a group of friends talking. Stand there awkwardly while waiting for one of them to notice you. Wish for death. You start telling a story to a grou [...]
0
55

Ways You Can Become Financially Stable

click photo for more information
Ways You Can Become Financially Stable
While figuring out whether you’re financially stable or not has a little more to do without just being able to decide if you could survive longer than paycheck to paycheck, but more has to do with a [...]
1
86

How to Save Money on Food Expenses

click photo for more information
How to Save Money on Food Expenses
While there are certain monthly expenses that can be cut if you try hard enough, such as a gym membership or even a cable bill with so many streaming options these days that it doesn’t make sense to [...]
0
103

The Biggest Retirement Planning Mistakes

click photo for more information
The Biggest Retirement Planning Mistakes
Staying on top of the family finances is a huge responsibly, probably one that should not be handled alone without the help of your significant other, or even a family member or friend that you trust [...]
1
99

15 lessons on money and marriage from couples who have been married 10+ years

click photo for more information
15 lessons on money and marriage from couples who have been married 10+ years
We asked members of the IWT community who have been married at least 10 years (aka “forever” in Hollywood years) to share their #1 piece of financial advice for couples. Here’s what they said: [...]
0
91

How to ask your boss for a promotion (with word-for-word scripts)

click photo for more information
How to ask your boss for a promotion (with word-for-word scripts)
Knowing how to ask for a promotion can make you rich Many of my students and friends who’ve used the techniques I’m going to share have successfully earned raises of $10,000 or more. But even if a [...]
0
103

Chasing The Deal For A Buyer—Determining When It’s Worth Your While

click photo for more information
Chasing The Deal For A Buyer—Determining When It’s Worth Your While
How far should you chase a deal for a buyer? Join Mark and this week’s cast of geeks as they help to determine if your time is worth the buyers demands. This week’s cast includes: Aaron W [...]
1
404

How to Reduce Monthly Money Wastes

click photo for more information
How to Reduce Monthly Money Wastes
Believe it or not, it can be harder to stay on top of your finances compared to losing weight, which is a popular resolution this time of year.  The problem is, you join the gym and try to make a [...]
0
116

Boosting Your Credit Score Can Save You Money

click photo for more information
Boosting Your Credit Score Can Save You Money
Whether you know it or not, your first impression to a potential lender is your credit score, which can not only decide your approval fate, but also, if approved, what your rate and terms are.  F [...]
1
102

160 Here Is The Deal

click photo for more information
160 Here Is The Deal
Here Is The Deal   You can’t FIND a deal. It's not possible. You gotta create them. For that to happen you must be direct to the decision maker. Stop bitching about the price of what is for sale an [...]
0
145

April 2018 Net Worth Update

click photo for more information
April 2018 Net Worth Update
  This is my official April 2018 Net Worth Update. Below are my actual numbers for ALL my investments and liabilities as of 05/01/2018. Detailed explanations and a quick summary can be found belo [...]
0
177

Peer-to-Peer Lending and a Savvy Investment Portfolio

click photo for more information
Peer-to-Peer Lending and a Savvy Investment Portfolio
Peer-to-peer lending is just one piece of the greater sharing economy that has boomed in the past ten to fifteen years. In a nutshell, it allows regular non-institutional investors with just a few hun [...]
0
154

159 It’s All About Mind Over Matter in 2019 with Rod Khleif

click photo for more information
159 It’s All About Mind Over Matter in 2019 with Rod Khleif
It's All About Mind Over Matter in 2019 with Rod Khleif   Rod Khlief is a man that needs little to no introduction, he is the host of the #1 Real Estate Podcast “Lifetime Cashflow Through Real Esta [...]
0
198

Honeymoon tour continued: My Rich Life travels in Africa

click photo for more information
Honeymoon tour continued: My Rich Life travels in Africa
I’ve been sharing my honeymoon stories and other aspects of my life on my Instagram stories. In the last installment of my Honeymoon Series, we explored Italy with our parents, and now we’ve move [...]
1
197

Money Dials: Why you spend the way you do

click photo for more information
Money Dials: Why you spend the way you do
Do you ever wonder why people spend their money the way they do? Why take an expensive Uber when you can walk 20 minutes to get to the same place? Why pay for first-class tickets when we’re all goin [...]
1
183

Money Mistakes You Should Avoid Going Forward

click photo for more information
Money Mistakes You Should Avoid Going Forward
You may think you are going about your finances the right way, month over month, year after year, making sure your bills are paid on time,and yes while that is important, there is actually much more t [...]
1
170

Honeymoon BTS: What a Rich Life looks like for me

click photo for more information
Honeymoon BTS: What a Rich Life looks like for me
I always knew that I wanted our honeymoon to be unforgettable. My wife and I were thinking about doing a safari, and when we went out with a few married friends and told them, they said, “That sound [...]
0
182

5 common tax myths could cost you thousands

click photo for more information
5 common tax myths could cost you thousands
Fact: Taxes are confusing — and it doesn’t help that there are so many myths that swirl around the subject. It makes sense though. There’s no class in high school on how to do taxes, and the su [...]
1
165

4 gift-giving tips to give the perfect present this holiday

click photo for more information
4 gift-giving tips to give the perfect present this holiday
Headlines like “Oprah’s favorite things!” or “Tech gifts for gadget geeks!” have been popping up in your Amazon sidebar for weeks, all of America’s malls are playing “Jingle Bell Rock” [...]
0
141

How You Can Avoid Any Potential Family Money Disasters

click photo for more information
How You Can Avoid Any Potential Family Money Disasters
It’s long been said that a large part of the reason for divorce is because of money, so in order to really avoid any potential family money disaster, it’s been to get out in front of it early on b [...]
0
155

5 ways to take control of your finances

click photo for more information
5 ways to take control of your finances
It’s a question I’ve been asked since starting I Will Teach You to Be Rich more than a decade ago: “How do I take control of my finances?” At first, it can be hard to answer &m [...]
0
195

Reasons Why You’re Always Broke

click photo for more information
Reasons Why You’re Always Broke
As the weather starts to turn and winter seemed to be in full force already, though it’s already almost Thanksgiving somehow, I can already notice the furnace kicking on more than normal and can ant [...]
0
178

Deal Or No Deal Of The Week – Best Kept Secrets Of The Geek Team

click photo for more information
Deal Or No Deal Of The Week – Best Kept Secrets Of The Geek Team
In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Mike Zaino Erik Peterson Tate Litchfield Scott Todd Scott shares his excitement as we head into his most [...]
0
316

Q&A: What to do when you lose $113,000 in the market

click photo for more information
Q&A: What to do when you lose $113,000 in the market
When the stock market took a hit in October 2018, we saw the usual knee-jerk headlines: Blip or downturn? What the market meltdown means for your money Is it time to sell before we hit bottom? Stoc [...]
0
179

Intake Challenges—Dealing With Deal Breakers

click photo for more information
Intake Challenges—Dealing With Deal Breakers
In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Mimi Schmidt Tate Litchfield Scott Bossman Erik Peterson Aaron Williams Scott Todd Scott Bossman brings u [...]
0
172

Credit dispute: How to dispute any credit issue

click photo for more information
Credit dispute: How to dispute any credit issue
Errors and your credit history. Name a more iconic duo. I’ll wait. You can’t. Errors in your credit can occur for a variety of reasons, from simple reporting issues from the creditors’ side to m [...]
0
203

How to freelance: 5 steps to profit

click photo for more information
How to freelance: 5 steps to profit
Learning how to freelance is the first step toward an unlimited earning potential. It’s a wonder why more people don’t do it — especially when there are so many good reasons to: Flexibility. [...]
0
239

How You Can Save Money this Winter

click photo for more information
How You Can Save Money this Winter
While winter certainly does not prompt a time to save money, but now is as good of time as every to start making money moves that will help you save money and be able to get ahead, for example, paying [...]
0
246

How to negotiate rent to save THOUSANDS per year

click photo for more information
How to negotiate rent to save THOUSANDS per year
I’m going to show you exactly how to negotiate your rent so you can put a couple thousand dollars — or more — in your pocket this year. Most people don’t think negotiating their rent can save [...]
0
201

The Market Speaks To Marketing—Are You Getting It Right?

click photo for more information
The Market Speaks To Marketing—Are You Getting It Right?
In today’s episode of The Art of Passive Income—Round Table edition, Mark and the panel of Geeks… Mimi Schmidt Tate Litchfield Mike Zaino Jeannie Morem Erik Peterson Scott Todd …were st [...]
0
154

Expediting Choke Points—Strategies To Keep The Deal Moving Forward

click photo for more information
Expediting Choke Points—Strategies To Keep The Deal Moving Forward
In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Tate Litchfield Jeannie Morem Erik Peterson Aaron Williams Scott Todd Occasionally we run into obstacles i [...]
0
156

Easy Ways to Cut Costs to Save Big Money

click photo for more information
Easy Ways to Cut Costs to Save Big Money
By the time you pay the bills, contribute to your emergency fund, not to mention put in what you can for retirement, there sure is not much leftover, which makes it all more important where every doll [...]
0
160

How You Can Stay On Top of Your Finances

click photo for more information
How You Can Stay On Top of Your Finances
Life certainly does move pretty fast.  It may just seem like you just finished school and started your career, and then suddenly you’re “grown up”, have a family of your own, and you start to t [...]
0
185

Credit Card Mistakes You Could Be Making

click photo for more information
Credit Card Mistakes You Could Be Making
You know if you’ve ever applied for a mortgage, loan, or the credit card you use for purchases, that your credit score is a major factor in the rate you receive, and how you handle your credit card [...]
0
199

7 Passive Income Ideas – That Aren’t Stocks

click photo for more information
7 Passive Income Ideas – That Aren’t Stocks
Everyone wants more money, but very few people are willing to go get a second job. Most of us can barely handle the first job, much less a second one. A common thread among these people is passive inc [...]
0
145

Improving a Credit Score

click photo for more information
Improving a Credit Score
Credit repair is like losing weight. It is a process that takes time and with no quick ways to fix it. Doing away with the negative information on one’s credit report and trying to catch up on due b [...]
0
167

Ways to Avoid Overspending

click photo for more information
Ways to Avoid Overspending
Let’s face it, when it comes to spending, there’s not a whole lot left in our bank account after paying bills, not to mention have enough for food and gas, so it makes sense to what to treat yours [...]
0
170

Money Moves That Should Start to Occur Now

click photo for more information
Money Moves That Should Start to Occur Now
Handling the household finances is not an easy task, one that should not be handled alone.  Whether you share the finances with a significant other, as it’s important to keep them in the loop at al [...]
0
218

How to End the Days of Living Paycheck to Paycheck

click photo for more information
How to End the Days of Living Paycheck to Paycheck
When it comes to the monthly finances, it probably doesn’t take much before the bank account is on empty after paying bills, not to mention hopefully contributing to retirement account, or having an [...]
0
188

How You Could be Hurting Your Credit Score

click photo for more information
How You Could be Hurting Your Credit Score
If you’ve ever applied for a mortgage, loan, or even tried to get insurance, your credit score is a major factor in not only your approval, but at what rate you receive.  The higher the credit scor [...]
0
156

Why Using a Credit Card Makes Solid Financial Sense

click photo for more information
Why Using a Credit Card Makes Solid Financial Sense
It used to be that using a credit card could give off the perception that because you’re charging, you don’t actually have the sufficient funds to make the purchase.  While I suppose that could b [...]
0
144

Cashflow Ninja W/ M.C. Laubscher (Ep 151)- How to Create Income Streams with Notes

click photo for more information
Cashflow Ninja W/ M.C. Laubscher (Ep 151)- How to Create Income Streams with Notes
LISTEN HERE My guest today is Paige Panzarello. Paige is the “Cashflow Chick”.  Having been a Real Estate investor and entrepreneur for over 20 years, Paige has had experience in many differe [...]
0
190

Tax Consequences of Selling a Los Angeles Inherited House

click photo for more information
Tax Consequences of Selling a Los Angeles Inherited House
Usually, people have questions about inheriting a house. Some want to talk about the tax consequences of selling a Los Angeles Inherited house. The tax implications can seem confusing. Most people don [...]
0
158

Save Money by Accelerating Our Mortgage Payoff

click photo for more information
Save Money by Accelerating Our Mortgage Payoff
Let’s save money by accelerating our mortgage payoff. Face it interest rates rising recently signal that the FED is succeeding in getting overall inflation up to two percent. In some areas, inflatio [...]
0
204

Little Fees that Eat Away Your Income

click photo for more information
Little Fees that Eat Away Your Income
When Sam and Holly’s parents retired, they had prepared for this moment many years ago by buying real estate that provided an income. They found every rental property they owned needed treatment a [...]
0
164

Coach George Raveling — A Legend on Sports, Business, and The Great Game of Life (#332)

click photo for more information
Coach George Raveling — A Legend on Sports, Business, and The Great Game of Life (#332)
“I’ve always had this theory that, if you help enough people get what they want, you’ll always get what you want.” — George Raveling Coach George Raveling (@GeorgeRaveling) i [...]
0
194

Random Show — Fasting, Biohacking, and Tony Robbins (#333)

click photo for more information
Random Show — Fasting, Biohacking, and Tony Robbins (#333)
Serial entrepreneur, world-class investor, eagle scout, and all around wild and crazy guy Kevin Rose (@KevinRose), rejoins me for another episode of The Random Show. We discuss Kevin’s new diet [...]
0
221

SPI 206: How SPI Reader Robert Duff Is Building Passive Income with Books on Amazon

click photo for more information
SPI 206: How SPI Reader Robert Duff Is Building Passive Income with Books on Amazon
Here with me this week is Robert Duff, Ph.D., a psychologist who's supplementing his income by selling his books on Amazon. [...]
0
184
load more posts