How To Persevere in Blogging: Article 100
I wouldn’t call my life a big raging success, but I’ve set out to do lots things and I’ve achieved some of them. This is the 100th article published on Unbound Investor, so I’m going to spend the rest of this essay pretending like I know something about blogging and perseverance. I’m not sure what I’m trying to say in this article, I just wanted to reflect on what it took to get to 100. Here are some of my random thoughts and lessons: New bloggers spend a long time writing to nobody 10 articles is more than it sounds like Keyword research is super important It’s much easier to write what you already know than it is to write about something you need to learn Making your first dollar online is super exciting, but your second dollar is not…
Book Review: Buy Then Build
Buy Then Build is a great resource for investors looking to buy a business. The author, Walker Deibel, is a self proclaimed “acquisition entrepreneur,” which is what he calls the intersection of entrepreneurship and investing. Overall, I strongly recommend the book for anyone interested in buying a business for the first time. Real Estate Was Too Slow I became interested in buying a business after setting some pretty over the top financial goals. Kate and I were making $70,000 a year from our Airbnb investments, allowing Kate to quit her job. But we wanted to create $350,000 of yearly income over the next two years, and real estate investing wasn’t going to get us there. As I continued researching the most lucrative investments, the one that clearly seemed to be the best for both short and long term was business…
How to Record Your Daily Affirmations
Last year I decided to write down some affirmations to read aloud to myself every day. This year I wanted to try recording my affirmations and listening to them instead.
Taking a $40,000 Salary To Extreme Wealth
It’s Christmas time 2020 while I’m writing this, and to treat myself I decided to write an abbreviated version of a fun idea I had when I first started this blog. There are millions of humans in our world that make a yearly salary of approximately $40,000 USD. Some of them will go on to become extremely wealthy, while others will eventually declare bankruptcy. I thought it would be interesting to explore what takes a person making $40,000 per year into extreme debt, no wealth, some wealth, or extreme wealth. How much can our actions, our personal finance knowledge/execution and our investing knowledge/execution really affect our eventual net worth? Let’s find out. How To Turn $40,000 Per Year Into Extreme Debt First, it’s important to understand how a person ends up in crippling debt. Financially speaking, being in a spot…
My Growth Mindset Story (So Far)
Today, I just wanted to write down some thoughts. I’m not sure how coherent this article is, but there’s no doubt that your mindset plays a paramount role in your ability to achieve financial success. Here are some random excerpts from my mind. Before Investing We bought our first investment property late in 2017. That whole year, Kate and I had been reading books, listening to podcasts and generally taking steps towards our first investment. But I graduated from University in 2012 and I had been working full time for about 5 years before that first purchase. Honestly, it’s really hard for me to remember what life was like before that switch got flipped. We had a dog, we both went to work and came home, and in the evenings we tried to spend time with friends and family or…
Best Grill for Airbnb: There’s Only One Answer
In my mind, charcoal grills are the best for Airbnb. No, they aren't the most glamorous and they certainly don't feel luxurious, but they check every box. Plain and simple is always better than confusing or occasionally problematic. So I say go with a charcoal grill for your Airbnb, plain and simple.
Financing My Online Business Acquisition
If you read my post Complete List of 21 Marketplaces to Buy a Website, then you know I’m planning to acquire an online business. The next step I’m choosing to take is to secure financing for my eventual purchase. I’ve been casually browsing several of my favorite marketplaces, but I haven’t begun writing down my requirements for my future website. Why? Partially because my real estate investing experience has taught me that have pre-approval for your investments makes it much, much easier to make your offer and move quickly. At least in real estate, being able to move quickly is often the factor that decides who gets the deal done. So I’m hypothesizing that the same could be true in online business acquisition. And partially because several of the website brokers require proof of funds before they allow you to…
How Do Mutual Fund Managers Make Money?
The problem with how mutual fund managers make money is that their pay structure is not in line with the needs of their investors.
Money Does Grow On Trees: Cash Flowing Land
You know the old saying “money doesn’t grow on trees,” well it turns out you can purchase land (with trees) that cash flows. So maybe the money doesn’t actually grown ON the trees, but the land that houses the trees can put money in your pocket every month. 10 Ways To Cash Flow Land I’m becoming more and more intrigued by land as a cash flowing investment. Mostly because there seem to be some truly passive ways to create cash flow from land. Any investment that can create cash flow while appreciating in value, with practically no involvement from me, is very attractive to me. 1. Sell the land with seller financing This seems to be the most common process for cash flowing land, but I’ll be honest, there’s a scummy feel to it. It goes like this. You sell…
How To Politely Decline A Rental Applicant
It is possible to politely decline a rental applicant. Start by defining and communicating all your acceptance criteria right from the start.