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Articles tagged investment tips.
12 articles
Have you ever wondered, why some people’s wealth building activities are met with success after success whereas others constantly crash and burn? The key is a solid foundation to wealth building. In this interview, Rob Aalders and Nate Chai share several tips on how to create a solid foundation to build wealth. This interview was
Risk elimination is an essential business skill especially when property investment is involved. In this interview, Eugene Gamble and Ben Chai share several tips on how to eliminate and reduce risk in property investment. This interview was taken at the JT Foxx family reunion (now Mega Success event) for wealthy entrepreneurs and business people. For
No matter which side of the debate you were on, Brexit has passed and we all be Brexit-ing from the EU. Naturally, this caused panic amongst the financial institutions and risk-hating stock market aficionados. One effect of the referendum is that we cannot have another referendum for 25 years, so get strapped in readers, it’s
Before I go through the costs of my first flip, I need you to know something… I still have these coat hooks lying around my bedroom floor. I have no clue how to put them up. Zoom into the picture. Can you see the dust on them?! Yeah, that’s how long they have been there
Here at Five Years to Financial Freedom, we talk a lot about saving money, how to be more frugal, and what you should be doing with the money you save. Now, that’s all well and good but I came to the realisation that knowing what’s worth spending money on is as important as knowing what
Property investing is not for everyone. The amount of time it takes to set up and (initially) maintain the investment is massive. On top of all that is the fact that you are somewhat responsible for someone’s living conditions… and then there’s the issue of capital. Perhaps you can’t invest in your local area because
Those who say buying property is easy are either: Lying Have been in the game for years Zen monks that have a high tolerance to stressful situations Before I looked for my first deal, I interrogated anyone I met who had already completed one. Where is the property? How did you source it? Was that
One incredible nugget that can be found in property education is to “find your property investment area”. This useful nugget is essential to be an effective investor. However over the course of my journey I’ve found some investors seem to be paralysed by their inability to find their perfect property investment area. They say things like: “I haven’t
This week I’ve been on a bit of an investing binge, reading Investing for Dummies (review here), and If You Can (27 pages, insightful, and free). After reading more and more about investing, I’ve realised something… I don’t want to invest. At least, not yet. Turns out that there are a few things that you should do before you
+ Ben Chai runs down the seven deadly sins that every property investor makes, and how you can avoid making them yourself. Over my two and a half decades of property investing, I’ve seen a lot of mistakes property investors including myself have made in deals. Here are seven of the most common mistakes and how
So there’s this guy, Lord Kelvin, whose work helped define both the first and second law of thermodynamics. He was such an intellectual badass they named absolute temperatures after him (hence kelvins). He also did some incredible things for data transference, but I digress. Lord Kelvin said this amazing thing: Where does all your money
For most of us the stock market is seen as a way for wealthy people to gamble their wealth on businesses rather than at the black jack table. The truth is that, whilst at the casino the house always wins, you can play the stock market to generate wealth. After the (rather grueling) experience of reading