One mistake is to vastly over-estimate the amount of capital needed to start an enterprise, and to simultaneously vastly overestimate the anticipated revenues (cash flow). A big mistake is not to START, ASAP. Generally it is possible to start any enterprise on a shoestring, and to expand using profits generated. It is also easier to…
DetailsWhy is becoming wealthy so difficult? Who said it is difficult? It is “Easy as pie.” I was just talking to my step-son today about several opportunities I had steered him into over the years. He could have become a Billionaire with very little work, and without any investment. But “shudda-wudda-cudda” counts for nothing. One…
DetailsWhen I was in the Wharton School of Finance (over 60 years ago), a topic that came up was the “risk-reward ratio.” This common idea was and still taught is that if one took a big risk of leveraging & losing all their money, they could either A) lose it all or B) have a…
Details“Everyone I know who has invested in rental properties – that numbers at least 100 – lives a hellish life of problems, 24 hour issues, misery, loss of value, and sometimes bankruptcy. That’s 100% of those I have met. So does anyone actually make money in real estate?”R. Blouch I was inspired when I was…
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