Living a Stealth Wealth Lifestyle

Living a Stealth Wealth Lifestyle A few years ago, I went into my local bank branch to do a wire transfer. I wrote my name on the check-in sheet and helped myself to a free cup of coffee in the waiting area.  After a few minutes, a well-groomed young fellow in a suit and tie came over to greet me. As he reached to shake my hand, I noticed his eyes looking me up and down, studying my old t-shirt, dirty jeans, and worn-down Crocs. The banker led me to his cubicle while making small talk. He seemed like a[…]

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Starting a side hustle food blog, while keeping a full-time job!

Starting a side hustle food blog, while keeping a full-time job! [Are you a foodie? Want to start a side hustle blogging about it?! Today’s guest Brett started his blog FoodTruckEmpire.com in 2014 and has grown and maintained it even with regular full-time employment! Brett shares what it’s really like running a food blog on the side, annual revenue numbers, ups and downs, and advice on starting this type of business if it’s something you’d like to try.] ***** In the summer of 2014, I hit publish on the first post of my little food blog out of my one-bedroom[…]

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How and When to Hire a Property Manager for Your Real Estate Rental

How and When to Hire a Property Manager for Your Real Estate Rental Since I live in California and all my real estate rentals are in Texas, I heavily rely on property managers to look after the day-to-day landlord responsibilities. I get asked about this a lot… Who manages the properties? How do you find a good property manager? What stuff do they handle, and is it all worth the cost? This post is a brain dump of everything I know about property management, and why I believe it’s the backbone of your rental real estate business. Hiring the right[…]

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Why You Need an Investment Diary (With a Backup!)

Why You Need an Investment Diary (With a Backup!) Digging through my old emails, I found this one I sent to my brother five years ago… > On May 27, 2015, at 10:03 PM, Joel <@gmail.com> wrote: > Good news: We have signed all closing documents and transferred closing money to the escrow account. Just waiting for confirmation that all was settled correctly. We are officially homeowners as of 5/27/15! > Bad news: I lost ALL of the digital data I have been gathering for this property. I kept everything on a USB stick, that encountered an error yesterday. Sadly,[…]

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Coast Financial Independence: Building Wealth, Even If You’re Not Saving Any Money

Coast Financial Independence: Building Wealth, Even If You’re Not Saving Any Money The concept of “coast financial independence” can be tricky to understand. Here are some fun comments and questions I’ve received recently… “So, let me get this straight… if you are spending the exact same amount that you’re earning each year, it sounds like you’re living paycheck to paycheck! How do you grow wealth when you’re not putting anything into your retirement accounts?” “What happens if you accidentally lose your job or don’t earn enough each year. You’ll need to withdraw from your retirement accounts and you’ll be going[…]

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8 Best Ways to Invest in Real Estate: How to Get Started

The more you learn about real estate, the more you realize there are more ways to invest in real estate than just buying a house or two in the neighborhood and turning them into rental properties. Indeed, there are many alternative real estate investments out there. You might wonder why there are so many options – or which one is best. The reality is that there is not one single answer. Each type of investment has its own risk/reward profile. That being said, all of these are mostly hands-off investments. That means they won’t require much ongoing work. So if[…]

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Pandemic Options; Billionaire Ant Hill; Dunkin Munchkin Huntin’

Risk on; Risk off The global economy is sick … and I mean that literally, not in the ‘90s kinda way or in a Michael Jackson’s “Bad is good” kinda way. Over the weekend, the U.S. hit back-to-back record highs for new COVID-19 cases. According to Johns Hopkins University data, the seven-day average of new coronavirus cases in the U.S. spiked 22% compared to last week. And it’s getting worse. Food and Drug Administration Commissioner Dr. Scott Gottlieb warned: “I think we are right now at the cusp of what is going to be exponential spread in parts of the[…]

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America’s Greatest Decade Ever Has Arrived

We were promised flying cars. Instead, we got Facebook. It’s not that Facebook doesn’t have any utility. I’m thrilled that I can keep in touch with distant relatives and second grade classmates. It’s just that the utopian future we’ve always envisioned has yet to arrive. Sure, we’ve got smartphones and smartwatches that allow us to communicate with anyone, anywhere. We can also store tons of photos of our kids and pets. We also have smart TVs that let us stream our favorite shows and movies on demand. And there are smart coffee machines that will automatically order you another bag[…]

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Pension transfers: everything you need to know

You know you’re getting on a bit when YouTube targets you with pension transfer ads. At least it’s not burial plots I suppose. And the algorithm must know something about me, because I’m definitely feeling the urge to demystify the pension transfer process. In principle you can transfer your UK pension to another registered UK pension scheme in your name without breaking the rules and getting clobbered with a massive tax charge. In reality, the pension transfer rules vary between pension types and providers. The whole area is a minefield blanketed in a fog, mapped by Mr Muddle. But the[…]

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Big Upcoming Earnings Week For Big Tech

Earnings season is heating up, and market driving tech is up to bat. Can 2020’s market motivators achieve the lofty expectations that analysts’/investors’ have set? Will tech be able to sustain its parabolic gains through this Q3 earnings season? This crucial earnings season will be the final stress test for 2020’s biggest movers before this unprecedented election that could change the course of the equity market for the next 4 years. Below is next week’s batting order, and these market movers could be in for some action. I’ll break-down next week’s earnings line up into two categories: Tech Rockets &[…]

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