Financial Resource: Beginner Investing to Financial Independence!

A financial education blog to share experiences on 401K, assets, budgeting, cashflow, early retirement, finance, financial freedom, investing, money management and retirement planning using posts, podcasts and video.

Archive for the 'Real Estate' Category

A Basic Guide To Beginner Investing

July 16th, 2008 by Matt Ehrlin

Many people delay planning their financial future as they do not believe they are in a stable enough position to do so. They may believe they don’t have the funds available to start an investing program. But the nice thing about beginner investing is it can be started on any budget. Investing covers many areas such as stocks, commodities, real estate, finance, bonds, mutual funds, currency, mortgages, etc.

The choices available are huge and will depend on your individual needs but this is probably the best way that any individual can plan to look after their family in future years. Here is some useful basic information if you are looking to do this.

If you are considering the stock market then you will need to plan on studying the companies you wish to invest in otherwise you might as well throw your money away. This is traditionally the number one place to invest. Careful research into individual companies is required before stock and mutual funds are purchased as investments. There are many areas where a novice investor can stumble; let’s face it even the rofessionals get it wrong here sometimes.

The quickest way to get started is by doing it online and it is also the fastest growing sector of investment as it can be carried out by just about anyone providing they have a computer and an internet connection. Using your computer you can research the companies that are offering shares and have a good idea of their performance before you make a decision to invest in them.

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Category: Bonds, Financial Planning, Investing, Mortgages, Real Estate | No Comments »

Wealth and Prosperity through Character Development

May 7th, 2008 by Mind Treasures

Do you think your character has any relationship with your finances?

Are you Purposeful (goals & objectives)? Are you Patient (saving)? Are you Responsible (borrowing)? Are you Moderate (balance & budgeting)? Are you Selfless (retirement)? Are you Reliable (credit)? Are you Courageous (business & investing)? Are you Punctual? (35% of U.S. FICO is based on this character) and the list goes on.

True Wealth & Prosperity can only be achieved by discovering and developing one’s hidden treasures:

“Regard man as a mine rich in gems of inestimable value. Education can, alone, cause it to reveal its treasures, and enable mankind to benefit therefrom.”

Of course development of hidden potentials (virtues) must be complemented with learning and implementing various elements of local economy in daily financial activities.

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Category: 401(k), Bonds, Business, Environment, Financial Markets, Financial Planning, General, Investing, Mortgages, Real Estate, Retirement Planning, Spending, Stocks, Tax, World, financial education | No Comments »

Plumbing and tenants are driving you CRAZY? Consider Self Storage Investments!

April 24th, 2008 by Johnny Cashflow

In order to get to my financial freedom, I too started with investing in real estate, just as you might have heard from many other investors.  My story is similar in which I acquired my first piece of real estate as a home and investment and from there I went on to purchase several properties that allowed me to become free of the corporate world. 

So the question is why Self Storage? 

After having to deal with my many issues related to owning residential real estate.  And I am certain that you all know of the head aches related to dealing with tenants and all related issues.  We have had nightmare stories from, our tenants turning the neighbourhood into gang infested areas, to prostitution to the final straw of drug dealing.

You might ask why did we let these people into our apartments to begin with.  Well first off, we did not let these people into our apartments and secondly, I am not sure how they have one side to them when applying for tenancy and another once they have moved in.  Anyhow, this article is not about my woes in owning apartment buildings.

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Category: Business, Investing, Real Estate, Self or Mini Storage | No Comments »

10 Money Saving Tips

March 20th, 2008 by Money Manager

Here are my weekly money savings tips:

1. Maintain a good credit score! It will save you thousands of dollars in the short and long term when you need to borrow money to buy a car or a home. Creditors will give you an interest rate and the loan amount based on your income and credit score.

2. Large sums of money should NEVER be left in a checking account or even a low-interest bank savings account. Rather, put the money into a high interest savings account (like an ING savings), money market fund, or other forms of short term high interest investments with a fixed return.

3. If you have an employer matching 401K plan, maximize your contributions, so that you double your money!

4. Set aside 10% of your paycheck towards some form of long term savings account, like a money market account, mutual fund, retirement plan, or 401K.  As you pay amount increases, your contribution will also increase automatically. 10% will also ensure that you stay ahead of inflation.

5. One of the best investments you can make is to first pay off all your high credit card debts. Credit cards typically carry a high interest rate and by paying off these debts, you get one of the best returns available which also is tax-free.

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Category: 401(k), Financial Markets, Financial Planning, Investing, Real Estate, Retirement Planning, Spending, Stocks | 1 Comment »

Top Ten Rules for Success by Donald Trump

March 18th, 2008 by Your Financial Resource

We received our Trump University Newsletter in which it was headlined “My Top Ten Rules of Success by Donald Trump” and so upon reading it, we felt that it was imperative that our readers have a chance to also read it and comment where necessary.

At, we follow Mr. Donald Trump as he is a very successful businessman and we all have a lot to learn from his experiences.  So without any bias or further comments…

Here’s the complete top 10 list Donald Trump gives when he speaks at colleges:

1. Never give up! Do not settle for remaining in your comfort zone. Remaining complacent is a good way to get nowhere.

2. Be passionate! If you love what you’re doing, it will never seem like work.

3. Be focused! Ask yourself: What should I be thinking about right now? Shut out interference. In this age of multitasking, this is a valuable technique to acquire. 

4. Keep your momentum! Listen, apply and move forward. Do not procrastinate.

5. See yourself as victorious! That will focus you in the right direction. 

6. Be tenacious! Being stubborn can work wonders.

7. Be lucky! The old saying, “The harder I work, the luckier I get” is absolutely right on.

8. Believe in yourself! If you don’t, no one else will either. Think of yourself as a one-man or one-woman army.

9. Ask yourself: What am I pretending not to see? There may be some great opportunities right around you, even if things aren’t looking so great. Great adversity can turn into great victory.

10.  Look at the solution, not the problem. And never give up! Never never never give up. This thought deserves to be said (and remembered and applied) many times. It’s that important.

 Please tell us what you think and should you have a Top Ten Rules that we can learn from, please do let us know.

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Category: General, Investing, Real Estate | 1 Comment »

FR1 - Financial Freedom: Getting Started

February 26th, 2008 by Your Financial Resource

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Welcome to episode FR1 on We are delighted to have you join us today.

Our first episode is to discuss “financial freedom” and what it means to you?

One definition of financial freedom is “a well-planned lifestyle where one no longer is required to work for income to cover their expenses”. Doesn’t this sound great? However, contrary to popular belief, it does not require being free of debt, as a debt payment is just another expense like food, travel, gas, and other living costs that all of us have. Typically, financial freedom or financial independence can be attained in one of two ways (or a combination of the two):

1. Earn enough passive investment income so that one can cover all their expenses.

2. Create a large enough “nest egg” that can be liquidated over time to cover one’s expenses.
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Category: Financial Markets, General, Investing, Podcast, Real Estate, Spending | No Comments »

China on my mind

February 14th, 2008 by Dollar$ & Sense

Recently my wife and I visited China and Thailand during November and December of 2007. It was an eye opening experience for me. Thailand was nice, the usual tourist spots, warm weather, sunny beaches, and yummy delicious Thai food. China, on the other hand, was a sight to see! Its not like any other place I have visited before, the culture, the people, the food, the historic places…  OK, you probably don’t want to hear me ramble about my 5 week vacation right? There is something else we need to talk about - related to finance of course - the emerging China markets - or has it already emerged and positioned itself as one of the biggest, dominant, and powerful markets now? People, we need to look at China and if you are wondering how to profit in the Chinese markets, you better start your research now!

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Category: Bonds, Environment, Financial Markets, Investing, Real Estate, World | No Comments »

World Concerns about US Housing Market - G7 Leaders meet and discuss in Tokyo

February 13th, 2008 by Johnny Cashflow

In summary the video posted here will show you  that a group of G7 leaders recently met in Tokyo to discuss the world economy.  They state that the Global economy could get worse and is mainly the cause of the crumbling US housing market.  Presently the losses of the banks amount to approximately 100 Billion dollars in relation to this housing market down-slide.  That is a lot of money!  The G7 leaders were comprised of finance ministers from Japan, United States, Canada, Italy, Britain, Germany and France (for those who did not know what G7 is?) from which the Japanese and French leaders stated that they were not concerned about their regions as the fundamentals remained firm for the economical conditions in Japan and France.  I would love to know why Japan and France are standing firm on their fundamentals and what is anticipated for their future economic conditions if the US market tumbles futher downward.

I am not sure how to take the comments made on this video and how to prepare ourselves for what is yet to come all because of the housing market debacle that was mainly generated from capitalistic greed.  In many an instance I was privy to dealings with Real Estate Brokers who were selling overpriced homes to under qualified buyers.   So the Brokers got rich on these innocent victims who only wanted to fulfil the american dream of buying a house in America and so did the banks by charging outlandish fees.

At the end of day we all will have to pay…

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Category: Financial Markets, Real Estate, World | No Comments »

Senate Approves Stimulus Package with Loan Limit Increase

February 8th, 2008 by Dollar$ & Sense

Great forum! Thanks. Here is some news that might uplift those home buyers out there in the high priced California real estate market. The United States Senate voted today to approve a multi-billion-dollar economic stimulus bill which includes a CBIA-supported increase in the federal conforming loan limit. The loan limit increase means that federally guaranteed loans, which carry lower financing costs for homebuyers, will rise to $730,000 in California’s high-cost housing markets providing needed mortgage capital and, hopefully, much-needed stimulus to dormant home sales. The stimulus package, approved by a vote of 81 to 16, must go back to the House of Representatives for a vote - expected to be a formality - before its expected arrival on the President’s desk next week. More on this important development in next week’s Monday Morning Report. Thanks to all CBIA members who weighed in on the bill over the past several weeks.So what does this mean to the average home buyer? Lower interest rates on those high priced homes in California and other markets!

Here is the link to the entire article:

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Category: Real Estate | 1 Comment »