10 Valuable Assets To Buy In Your 20s
My person definition of “investing” is the acquisition of cash flowing assets. This definition doesn’t fit everyone, but it’s how I’ve come to frame my investing decisions. Regardless of whether cash flow is at the top of your list, acquiring assets throughout your life is a recipe for a financially free future. I define “asset” as anything that returns more monetary value than you spent to acquire it. And I have here a list of 10 assets that anyone in their 20s should be looking to invest in. 1. Dividend Stocks Benefits Regular payouts in cash Very passive Big gains can be realized over long periods of time Drawbacks Very low cash on cash return Very average overall return on investment Meaningful growth takes a long time Dividend stocks are my top asset pick for someone in their 20s. The…
How Much Do Bloggers Make Per Post?
Every blogger, every blog and every blog post has different earnings numbers. There are many factors that affect how much you can make from blogging. However, when we look on a broader scale and average together hundreds of articles, I think we can deduce what the average blogger makes per article. This is exactly what I’ve done. Although to be fair my numbers today are based primarily on the earnings from my own blogs. All in all I believe the average blogger who studies, works hard and perseveres to reach the 100 article mark can expect to make at least $2-5 per month for each article they write. Now I’ll show you where I got that number. Two Ways To Think About It There are two ways to think about how much a blog post makes. Each way has it’s…
How To Prepare For, Fight and Survive Inflation
There’s been a lot of talk recently about spikes in inflation (at least in the US). There are a lot of factors that cause prices to increase, but most of those things are outside our control. As prices rise, we must find ways to change our spending habits and/or increase our income in order to survive. I will be documenting my three primary strategies to prepare for, fight and survive the effects of inflation. And they are: Monitor your spending and foster good spending habits Constantly fight to improve your cash flow situation with three strategies Invest every dollar you can spare to ensure your long term security from inflation The key to improving your financial status is to continue learning and investing. If you sit idle for too long then inflation will catch and surpass your finances until you…
How Much Cash Flow Do I Need to Retire?
If you want to retire, you’re going need enough cash flow to cover all the expenses in your life. So in order to determine exactly how much cash flow you need you’ll need to do an extensive and in-depth analysis of your personal finances. It’s your job to comb through your bank statements, credit card statements, cash transactions and all records of your spending to determine exactly how much money you spend in a month (or a year). Your monthly (or yearly) cash flow will need to equal or surpass that amount before you can safely retire. Your Minimum Requirement is Net Zero Cash Flow Cash flow is literally just the amount of cash flowing into your bank account minus the cash flowing out of your bank account. The absolute minimum you need to retire is net zero cash flow…
How To Get 30 Percent ROI On Your Investments
Yes it is possible to consistently get 30% ROI on your investments, but it’s not possible through your typical methods of investing. In the five years since I’ve started investing seriously, I’ve seen that returns of nearly 30% are possible in real estate. And we’ve achieved that mostly through investing in Airbnbs. I also have investor friends who have seen returns even far greater than 30% through purchasing businesses. So let’s look at the two repeatable ways I’ve seen investors get 30% ROI or better, and maybe some examples of other huge returns that may not be as repeatable. Can You Consistently Get 30% in the Stock Market? For someone to get 30% ROI over a long period of time in the stock market is truly exceptional. Many consider Warren Buffet to be the greatest investor who ever lived, and…
The Three Rules Anyone Can Use To Save Money
An argument could be made that there is really only one way to save money, by spending less than you currently spend. However, I don’t think this observation is particularly helpful. It’s quite easy to come up with examples of money saving habits, but each example only applies to some, not all. I wanted to come up with a few generic rules that can be applied to everyone. Here’s my attempt at creating the three rules that anyone can use to save money. Budget Reduce recurring expenses Rework your debt Before we get started, let’s set up an example that we can reference throughout the article. Here’s your imaginary finances: Income: $2,000 per month Mortgage: $700 per month Student loan: $400 per month Rule #1: Budget (of any kind) First and foremost, a person must have an awareness of what…
50 Ways To Make Money While You Sleep
There are many paths to financial freedom and that's great, because there are many different types of people. Sometimes the difference between success and failure is just whether you come across the right path. I'm hoping my list of 50 ways to make money while you sleep will expose you to many paths to a better financial future.
My Average Airbnb Booking Rate Percentage
After looking at the last 12 months of booking rates for my three Airbnb listings, our average booking rate was around 2.5%. Elsewhere online, I've seen hosts reporting numbers between 0.5% and about 3.0%.
Our Average Airbnb Views Stats
In order to make money on Airbnb, you need bookings, and you can't get bookings without views. I believe you can run a successful Airbnb (at least 40% occupancy) with an average of 200 views per month.
Passive Income Investments
Over the last three years, I've created over $3,000 per month in passive income through investing in real estate. These real estate investments allow me to make money without clocking in and out of a job. But passive income investments are everywhere.
Claim Financial Freedom With Cash Flowing Assets