Balance Sheet Affluent

Income Statement vs Balance Sheet Affluence – Which Type of Affluence Do you Want?

Thomas J Stanley discusses two types of wealthy people in his best selling book The Millionaire Mind. Those who are Income Statement Affluent and those who are Balance Sheet Affluent.  Robert Kiyosaki also discusses a similar concept in his book Rich Dad’s Cash Flow Quadrant. Except, he divides people into four categories: Employees, Self-Employed, Business Owners, and Investors. To draw a…

Advice for the Millennial Investor

Advice for the Millennial Investor: Part II

Advice for the Millennial Investor: Part II In Part I, we discussed building the habit of saving a portion of your income for investment purposes. Now it’s time to explore what to invest in – I will discuss traditional and alternative investments for the long-term (retirement). As well as building an experiment fund, separate from…

My First Real Estate Investment

A 48 unit multifamily property.   The Beginning The journey toward my first real estate investment began only a few months after attending the multifamily weekend in August 2014. At the April 2015 group meeting I saw one of the guys I met at the multifamily weekend. He became a coaching client of the real estate…