There are some interesting startups in the real estate world: https://better.com/ – No mortgage commissions. I might just use them for my next purchase. https://www.lendinghome.com/ – hard money lending at 90% LTC, 80% LTV https://www.opendoor.com/how-it-works – skipping real estate agents. https://www.redfin.com/ – real estate agents with half the fee. I think the real estate industry is ripe for disruption.
Month: February 2017
Starts out by talking about Trump. It’s absolutely crazy that Trump doesn’t use Google. But more interesting is how the nature of jobs will change. Cuban thinks that even most programmers will be gone in the next 5-10 years. And that liberal arts majors will be the real winners in the next 10-20 years.
Why We Chose Profit
“Why We Chose Profit” from 37 signals. Favorite quote: “Profit is the ultimate shield against bullshit.” Interesting that even though they have over 50 employees, they are still an LLC and not a C corp, and this simple structure allows them to pay monthly dividends to their employees as they see fit.
The Reason for this blog
It occurred to me the other day that the title of this blog and the very first post seemed a bit “privileged.” It might come across that I’m asking “how do you milk other people of their money?” or how are some people “lucky enough to inherit this money?” I think the former is dishonest, […]
Question: I would like to hear from someone who didn’t have any money and used someone else’s $$$’s to invest. I don’t understand this concept and need to learn more about it. Answer: It’s everywhere! Probably the most common strategy is in real estate – it’s not “no money” – but 20% money. For instance, a […]
Getting Laid Off
Often if you say you’ve been laid off, you get these sorry looks or sorry comments. It took me my first layoff to figure out a layoff is not the same as getting fired. You get fired when you are bad at your job. You get laid off when something out of your control happens […]
I didn’t think it was possible to actually *lose* money with passive income. Turns out I’m wrong. Here’s the summary: https://www.dropbox.com/s/cqnpw0mh327lw59/Screenshot%202017-02-06%2001.05.09.png?dl=0 https://www.dropbox.com/s/xowbu1iu82c2k6c/Screenshot%202017-02-06%2001.05.27.png?dl=0 Notable Items: Lending Club Increased my position in lending club from roughly $6k to $10k, and decreased my monthly contributions to retirement from $400 down to $100. As I see it, you […]
Here’s the summary: https://www.dropbox.com/s/7fji81fhe4hn11v/Screenshot%202017-02-05%2001.20.25.png?dl=0 https://www.dropbox.com/s/1osvu0bflyjs4da/Screenshot%202017-02-05%2001.16.36.png?dl=0 Capital One Savings/Money Market I’ve got about $50k in savings. I’ve always been what the M1 group calls an “avoider”. It’s basically someone who doesn’t want to think about money. What this meant for me was that I would save some money, but I’d never check my bank […]
As my “day” job winds down and I try to replace my active income with passive income, I figure I should start posting monthly “income reports”. A bunch of other bloggers are doing this. It’s fascinating to watch. Although I doubt anyone is reading this (as of yet), I think posting this publicly will hold […]
How does one become rich? How does one do it without working? These are the things I plan to figure out soon and the purpose for this blog.