Disposable income

Disposable income   The other day, I took my road bike to my local bike shop to get it looked at. It had something weird going on. On my previous ride, I started hearing a ticking sound in my wheel. Prior to the ticking sound, I was averaging over 18 mph. But when the tick sound started, it was all I could do to hit 15 1/2 mph, and it…

Why rentals are better than assignment fees

Why rentals are better than assignment fees   I read a great social media post this morning. It was from an investor who was writing to explain why long-term rentals are something wholesalers need to consider when they get houses under contract. And to support his position, he went through the numbers on a recent deal.   (Now, I went back to try find you the post so that I…

Going on an adventure

Going on an adventure   We just got back from driving an RV across the United States to see the Grand Canyon in Arizona. And it was awesome.   We rented a 30-foot class C motor home to take us on our journey. When it got delivered, the whole family excitedly piled in to check out the new ride. You should have seen the looks on my kids faces.  …

‘Someday’

‘Someday’   On a recent trip, I pulled off the highway and into a mom-and-pop filling station called the Sunset Gas & Grill. It was just outside the Dallas-Fort Worth area in Texas. I always thought filling station wasn’t an adequate way to describe such establishments because you don’t just fill there — you empty as well. And I really needed to.   I pulled alongside the pump in a…

Passive income equals freedom

Passive income equals freedom   I was sitting on a plane recently getting ready to take the longest flight I have ever been on. It was from Atlanta to Portland, and it was going to take 5 1/2 hours. And I was wondering what I was going to do with myself for that long.   When I boarded the plane, I was a little taken aback. It was huge. A…

2020: the year of clarity

2020: the year of clarity   As folks were doing their planning for the beginning of this year, a common theme was that 2020 was going to be “the year of clear vision.” I even have a really cool t-shirt printed with the saying that I got from a business mastermind meeting. Now that we are almost to the end of the year, things look a little different than expected….

Safe, secure income

Safe, secure income   “Go and get a safe and secure job with a good company with great benefits.” That was the advice my grandfather gave to my dad when he was a young man.     This advice was a little strange coming from my grandfather. You see, he ran his own pharmacy and soda fountain on the west side of Atlanta. He had always provided for his family…

It’s not what you make, but what you keep that matters

It’s not what you make, but what you keep that matters.   How many of you have heard stories about lottery winners who win it big, only to lose  everything in a short period of time? I was reading a web article on this subject recently and it was mind blowing. The article went through many stories of how different people had won millions, only to lose it in 10…

Rolling in the dough

Rolling in the dough   Ashley and I recently had an interesting conversation with some friends of ours. They were talking about a new car they wanted to buy. And when I say new, I mean brand new. And based off what I could tell, the starting price on this vehicle was going to be close to $35,000. That was the starting price.   As we talked further, our friends…

Think hard before killing your goose

Think hard before killing your goose   I’d like to tell you about one of Aesop’s Fables. It is one called “The Goose and the Golden Egg.” It’s a great story and it goes something like this:   There once was a farmer who had a goose he visited every day. One morning, he went to see the goose and noticed it had a glittery, golden egg laying in its…