Comments on: That’s Too Risky! Overcoming a Poverty-Mindset

By: Randy

Randy — Wed, 09 Sep 2009 19:16:04 +0000

Wow! I am constantly trying to increase my knowledge base, but times are changing constantly and it’s hard to keep up with all the new technology each month. Eventually you run into the concept of time is money, and another company may be able to do something much faster and the price is worth saving all that time.

By: Gopalakrishnan

Gopalakrishnan — Mon, 23 Jun 2008 18:25:48 +0000

My be but I think this post needs some modification to fit into the near future. As of now it doesn't needs any modification, but when time goes it needs some change. All 2008 Latest recent Model Placement Papers

By: Fixemup Terry

Fixemup Terry — Mon, 24 Dec 2007 07:06:06 +0000

Connie,

Good point.

By: fathersez

fathersez — Mon, 24 Dec 2007 02:05:07 +0000

This is a great post.

I am working on getting my children to follow this plan and start whilst they are young.

Happy New Year!

By: Connie Brzowski

Connie Brzowski — Sun, 23 Dec 2007 18:21:52 +0000

For clarification, let me say I’m a firm believer in getting a good education, keeping your day job and diversifying with real estate investment. However, it goes without saying that real estate isn’t for everyone.

I know of someone who tried real estate and decided early on he didn’t want to deal with people issues… so he bought a coin-op laundry mat and eventually owned several by retirement.

Same principle, different vehicle

By: Fixemup Terry

Fixemup Terry — Sun, 23 Dec 2007 17:29:44 +0000

Connie,

Excellent article.

Many people say that being a landlord is hard work and not eveyone is suited for it. I think it’s more a matter of motivation than of ability. If you keep your mind fixed on the reward of steady, and usually increasing, income over the course of your life, that provides pretty good motivation.

Can I learn to deal with tenants if it provides me with financial security for my family and I? If the choice is learning people management skills and financial security vs. not learning people management skills and financial struggles, the choice is simple.

By: John Hunter

John Hunter — Sun, 23 Dec 2007 16:54:46 +0000

I agree with the benefits of diversifying income streams. I also believe that becoming dependent on just real estate is a problem (especially if it is one city). It can definitely work – it is has some risk. Having multiple sources of income (or assets for retirement) is best: income from job, rental income, stocks, pension, social security, annuity, small business, real estate assets… Likely you won’t have all of these but having several is good. And things like staged retirement can help a great deal (going part time instead of full time to not working go to 24 hours a week or something for several years…).