From the category archives:


Post image for I Love Other People’s Money!

What is other people’s money?  When you buy real estate, you usually get a mortgage which is other people’s money.  It is a way of leveraging your down payment in order to buy an asset.  When you borrow money to buy a business, it is other people’s money. Whenever you borrow money to make an investment or financial transaction, you may be using other people’s money (OPM) in the form of a loan. Read More…

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Post image for Why You Should Think Twice about Paying Off Debt!

Do you pay off debt or invest?  Many personal financial bloggers suggest to always pay off debt.  It is not that simple!  Whenever you have to make a financial or any kind of decision, you should examine all the alternatives.  It is commonly called opportunity costOpportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). Read More…

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Post image for How to Select Investment Property?

Finding a good investment property is no easy task!   Many people buy a home to raise a family, a hedge against inflation or flip and make a quick profit.  There are still others who buy homes as an alternative to investing in the stock market.  It may be a vacation home or a rental property, but it is still an investment!  If you want to find a good investment property, you need to know what to look for in a property.   Read More…

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Post image for Should You Invest in Rental Property or a REIT?

I love rental property!  I bought my first home when I was twenty-seven (27) years old.  My next investment was a nine (9) unit apartment building when I was thirty-one (31) years old.  Over seven (7) years, I accumulated more properties.  By the time I was thirty-eight (38) years old, I achieved financial freedom.  Investing has its risks and rewards.  Can you invest in rental property without being a landlord? Read More…

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Post image for Rental Property Investing Tips

I love rental property!  Where else can you leverage your investment for thirty (30) years at a low interest rate and have someone else pay for it?  Real estate and rental property are not risk-free; however it is one way to accumulate wealth!  It starts with savings and how you invest your money.  You can start out small by renting out your first home.  What are you waiting for? Read More…

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Post image for Nearly Half of all Americans Die Broke in Retirement!

Nearly half of Americans will be broke in retirement!  They will rely solely on Social Security to support themselves.   What if Social Security changes and how will you survive the changes?  How do you see your retirement?  Do you have enough savings for a comfortable retirement?  Will you live off of Social Security or keep working?  What will you do? Read More…

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Post image for Retirement and a Stool!

What does retirement have to do with a stool?  The three legged stool describes a retirement strategy of Social Security, pension and personal savings.  This strategy is dated since very few employers offer pensions.  What changed?  Most employers replaced pensions with 401k plans where employees contribute on a pretax basis to an annual limit.  These funds grow on a tax deferred basis until withdrawal. Read More…

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Post image for I Am Getting Younger

I am getting younger!   My hair is still gray and chronologically I am still sixty-five (65) years old, but I feel much younger. According to, I am  ten (10) years younger to be exact!  Maybe it was the hip car, I just bought?  Maybe my recent blood work will reveal something?  Maybe, it is all the attention I get from much younger women!  Why does this matter?  It means I will live longer! Read More…

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Post image for My Investment Strategy

My investment strategy is pretty simple!  I do not try to time the market or look for the perfect time to buy or sell.  I keep it simple and it works very well.  I did not bail when the market was diving for the bottom in 2008. As we all know, the stock market is volatile and a sound investment strategy is needed.   Now that I told you about all the things I do not do, I will now share what I do. Read More…

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I Love Taxes

by Krantcents · 21 comments

Post image for I Love Taxes

I love taxes which is a huge paradigm shift for me!  I used to hate taxes so much that I used the tax code to reduce my taxes to zero.  Yes, that is right, I paid zero taxes for a very long time legally!  When you invest in assets, you can depreciate them and use depreciation to reduce your taxes.  Is that the only way to reduce your taxes?  No, learn what rich people do to lower their taxes. Read More…

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