PeerStreet Review: My $10,000 Real Estate Crowdfunding Experiment

re you an accredited investor looking for a way to get involved in real estate investing without actually owning and managing a piece of property yourself? I have my own rental property, but I can't imagine taking on another one at this point. And the turnkey stuff either seems shady or too involved. So I've been looking at all of the various options, and asking some friends. Coach Carson, author of Retire Early with Real Estate, suggested I look into PeerStreet. … [Read more...]

How Much Cash Should You Keep In Savings? (Plus Where to Keep It)

hey say everyone should have three-to-six months’ worth of expenses in an emergency fund. Unfortunately, if you follow this rule you probably have quite a bit of cash earning almost nothing in interest--and losing money to inflation. Where you save your money can be just as important as how much you have saved. Here’s what you need to know about where you should be stashing your rainy day money: Cash Savings at Home Anyone who has lived through a major natural … [Read more...]

How to Track Your Net Worth [+ My Net Worth]

You're probably reading this site because you want to see your financial life improve? Maybe move toward financial independence? Good on you, my friend! A great way to get better at something is to start tracking it. Let's talk about measuring and tracking your net worth. Simply put, your personal net worth is equal to your assets (the things you own) minus your liabilities (i.e. debts). The trick to getting an accurate number is to carefully examine what you … [Read more...]

The Cash Flow Analysis for Our Rental Property (at Year End 2017)

It’s time once again to do our annual rental property cash flow analysis. To see previous years, visit the link at the bottom of the post. wenty-seventeen was the absolute best year ever for our rental property: 100% occupied, no major repairs, not a peep from our tenant, and the biggest cash flow amount ever! If you're new to my recaps, this is property is our old personal residence - a Frisco, TX townhome we purchased in 2007 and converted to a rental property in … [Read more...]

045: Become the Investor in Your Family with Brian Bain

Brian is the founder of Investor in the Family and Online Investor Conference. At Investor in the Family, Brian's goal is to help protect investors from making big mistakes that jeopardize their portfolios and financial futures. Brian lives in Dallas with his wife and son. So let’s dig in. Let’s meet today’s Master of Money…. Listen to the Episode with Brian Bain Listen to it on iTunes. Stream by clicking here. Download as an MP3 by right-clicking … [Read more...]

036: Increase Your Profits Like a Boss with Hilary Hendershott

Hilary Hendershott is the host of Profit Boss Radio, a weekly podcast for women and money. Hilary has an MBA, and she’s a Certified Financial Planner. She’s a TEDx speaker, and she’s been featured in the Wall Street Journal, NBC, ABC, FOX, DailyWorth, and more. In this episode, Hilary and I talk about her interesting history with money, her financial failures and successes, and her amazing plans for the future. I had a lot of fun with this conversation. Listen to the … [Read more...]

035: The Secrets to Investing Success and Building Wealth with Author Dr. Daniel Crosby

Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Daniel was named one of Investment News "40 Under 40" and a "financial blogger you should be reading" by AARP. Daniel's second book, Personal Benchmark was a New York Times bestseller. His latest book is . In this episode, Daniel and I discuss how he’s made the most of his … [Read more...]

033: Stop Worrying About Money with J. David Stein from Money for the Rest of Us

David Stein produces and hosts the top-10 iTunes ranked investing podcast Money For the Rest of Us where he teaches over 25,000 listeners per episode about money, how it works, how to invest it, and how to live without worrying about it. So let’s dig in. Let’s meet today’s Master of Money…. Listen to This Episode with David Listen to it on iTunes. Stream by clicking here. Download as an MP3 by right-clicking here and choosing "save as." I hope you … [Read more...]

Ally Invest [formerly TradeKing] Review: Online Stock Broker with Award-Winning History

Trading stocks online for the first time can be a scary venture, especially if you’re not familiar with what an online stock broker can offer. Using a reputable company with a good track record should give you some peace of mind. TradeKing was one of the top online stock trading providers until the company was acquired by Ally Financial in 2016. Since then, Ally Invest (as it's been re-branded) has continued to offer a variety of investment options with most of … [Read more...]

How I Raised the Rent on Our Rental Property without Being a Mean Landlord

This past year we lost a long-time tenant. Sad. While we were bummed to lose them. The change gave us the opportunity to raise the rent and improve the monthly cash flow. We were able to increase the rent on our rental property by $300 - from $1,875 to $2,175 per month. That’s quite a jump. But it was necessary to keep up with rising property taxes and the increased demand for the unit. In this article, I’ll break down why you might want to raise your rent, how … [Read more...]

015: How to Organize and Invest Your Money with America’s Millennial Money Expert Robert Farrington

Robert Farrington is America's Millennial Money Expert and Founder of TheCollegeInvestor.com. Robert is on a mission to help millennials get out of student loan debt and start building wealth for their future. Robert is the quintessential master of his money. At such a young age in his early 30s he’s showing us all how it’s done. Really impressive. In this episode, you’ll hear Robert share how he’s managed to pay off debt and make huge strides with his … [Read more...]

6 Ways to Invest in Real Estate (from $10 to $100,000)

[PT's note: This comprehensive article was contributed by Eric Bowlin from IdealREI.com. I first heard Eric on this Bigger Pockets episode. He lives here in Texas with me now and we regularly get together for lunch and talk real estate and business. Here's Eric....] t’s remarkable to see how real estate investing can create so much wealth. You see it everywhere – TV, the web, or your friend who randomly decided to flip a house, it seems like everyone is making money … [Read more...]