Posts

Don't just flip and run, reflection is the key to balance

-
"Reflection balances experience, it allows us to process our sensory data and file it away and make sense of the world." In Mind Like Water: Keeping Your Balance in a Chaotic World , Jim Ballard talks about meditation, reflection, and thinking in a mind like water state. I bought this some time ago and have been reading it slowly. It's definately a find at your local library, or used via ebay or Amazon .
Read more

Cutting back isn't as hard as it sounds!

-
Easy as 1,2,3 claims the Motley Fool article How to Retire Faster . I've tried many of the tips and techniques outlined in the article, and it was quite easy to cut back 10-20% without much effort. Eating out less, cutting monthly services, cut out a dinner or latte here and there, it all adds up to a substantial savings. Consider how much $5 a week adds up to ($260) or how much your $70 cable bill ($840) is costing you. Ask yourself, what services can you do without? What would you do with $ 900 a year if you didn't watch as much TV or drink as many Lattes?
Read more

Don't just sit there... Flip some Real Estate!

-
Image
A few years ago, one of my coworkers retired to a life of real estate flipping. He was earning more money in a few months flipping California property than he earned at his 50-60 hour job in a year. While flipping is one of the most popular ways to automate your income, many people are having a hard time flipping with great success. Before you enter the world of flipping, consider your local real estate market, how well do you understand the dynamics? Is flipping for everyone? Certainly not, but knowledge is power, right? Amazon has quite a few books on real estate flipping, such as Real Estate Flipping: Grow Rich Buying and Selling Property . This book discusses the process of flipping real estate in a pretty easy to understand format. It covers a few financing options, tax issues, and even helps you understand things like residential vs. commercial. Many get rich quick schemes promise to make you instant money, if only that were the case! Your best bet with flipping real estate is to...
Read more