Showing posts from March, 2017

How one person became an instant millionaire

The creator of the Weed eater George Ballas, was an instant millionaire when he created this product. Something important to note, George created the Weed Eater during a recession with higher unemployment and gas prices than now! Let me ask you this, do you know any homeowner without a weed eater? My thoughts exactly.

When George created the weed eater, the idea was to simple. Create something that the market needed, and to be unique from everything else.  
Just a little FACT: 12.5% of our citizens are millionaires

According the to book Millionaire Next Door, more than 80% of those Millionaires are first generation. (Which means self made wealth, NOT inherited.) That's more than anywhere else in the world. To me, wealth is not necessarily just about money but rather, options. Just think of the opportunities/freedom available with that much capital.

Due to be nature of our modern connected devices and lighting fast internet speeds, this is the easiest time to become a millionaire in …

The Myth of the Forever Home

As referenced in my last post, I am now a DIY debt-free Real Estate investor. More Specifically, I am fixing up a Repossessed home to keep and convert into a rental property. My goal here is to generate another stream of income.

As I venture on this path, I am befuddled by the consumerist marketing mentality which is thrust upon me by the retail mecca industry and their home improvement stores. For example, the term, "This is my forever home", or "this is your forever home", is commonly used when trying to force me into paying extra for something. This is a trap! Another gotcha is the manufactured emotion that gets distributed around the term "Sale" price. Whenever someone tries to get you to buy something simply because it's on sale, you need to stop. Stop what you are doing and do some math, crunch the numbers. Ask yourself, "is this really a good deal for me at this particular time?" Compare the sale price to what the market is offering…

Book Review: Black Rednecks & White Liberals

Black Rednecks & White Liberals by Thomas Sowell
My rating: 5 of 5 stars

Do you value true progress? Do you value economic development? Do you value financial Independence? If applied, the lessons in this book albeit sobering, are invaluable. This is not a self-help book: this a history/economic examination of the current people/cultures and their success as well as financial wreckage. This book is a deep history lesson on why some cultures succeeded in different environments as well as why other cultures are currently struggling today. I will leave you with one quote from this book below that utterly left me speechless.

 In reference to the modern ghettos in the US,

 It is understandable that some people are concerned about image, about what in private life might be expressed as:“What will the neighbors think?” But, when your children are dying, you don’t worry about what the neighbors think.

 View all my reviews