7 Lessons I Learned From Failing at Real Estate Investing
A lot of people make money investing in real estate. But there’s the real version and the TV version. I fell for the TV version. Based on little more than a book from a self-proclaimed real estate superstar, I blazed forward and bought my first real estate investment property. It was a complete failure. I learned seven lessons from that …
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The Differences Between ETFs vs Mutual Funds
ETFs and mutual funds are another of those investment terms that seem interchangeable. And while they frequently come up in the same discussion, they’re actually very distinct investments. Both are funds made up of dozens or hundreds of different securities. But how they’re managed, and how they’re used in an investment portfolio can seriously vary. Let’s investigate the differences between …
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7 Rules I Learned After Going Broke in Real Estate Investing
The following is a real-life story submitted by a fellow blogger. Creating long-term wealth in real estate investing is about understanding the rules and not going broke. I had owned seven houses by the time I was 24 years old. I was all-in on the dream of real estate riches and driving a Porsche Boxster. I was pulling in almost …
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How to Discover Your Financial Grit
You might be under the illusion that financial success is all about smarts. Nope. Think again. You can be the smartest mathematical guru in the world and find yourself broke. Why is this? Don’t all the smart people get the best-paying jobs and a Lamborghini or two? Isn’t it the smart people who can shrug their shoulders at briefcases full of cash …
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7 Personal Finance Lessons I Wish Everyone Learned in High School
Imagine if what you know now, you knew way back in high school. How much better off would you be? When I was in high school, I didn’t learn anything about money, budgeting, or investing. While I’m a financial planner now, I didn’t learn most financial basics until my junior year of college. What’s crazy is I did take a …
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5 Crucial Lessons I Learned by Starting My Own Business
As a kid, I had no aspirations of being a business owner or entrepreneur. I was a baseball card collector investing way too much money in Jose Canseco baseball cards. (That probably ranks as one of the worst investments I’ve ever made, but, hey – I was just a kid). Even going into college, I really didn’t know what I …
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