All Forum Posts by: Vince Beusan

@Jon Huber  thanks for sharing, great points.  Refuse to be complacent, and be persistent and consistent.

@Account Closed  thanks for sharing.  It is great to have the support and belief from your spouse that you will be successful.  That means a lot to have that love & support in you.  Congratulations on making the shift.  

What were the titles of the (3) real estate books on your nightstand?

@Steve Olafson Thanks for sharing & congratulations on your success! Leaving your large company after three years is courageous, and impressive. Sometimes some need to see ones success before they start to believe they too can achieve it for themselves. "Seeing is believing." I think partnering with someone who you know, perhaps even trust with a proven successful track-record is a great way to get started. Were the deals you partnered with your former co-worker all Multi-family units, SFR's or combination of both?

@J Scott  thanks!  I need to read E-Myth, it's been mentioned over and over again by many during the BP Podcasts.  Focus on what matters most in growing your business, and working on taking yourself out of the business, instead of working in it.  I like that.

Napoleon Hill, "Think And Grow Rich" was a profound book that help change the set of my sail.   Just as a ship can change course with the wind, you can change the direction of your life by the setting of your sail.

In it, he has analyzed and carefully interviewed over (500) financially successful people over many years to compile information for the secret to their success.   

If you have read it great, if you have not, no problem there are many other great books having been written on the subject that has helped 'change the set of your sail'.  I am curious as to the variety of answers that will be written and collected when one describes:  

What was the book that "changed the set of your sail?"

& "What makes you successful?"

@Account Closed  great question.  Yes, the referenced example comes from a book by Andy Tanner "401(k)aos How Our Dream of Retirement Became a Nightmare of Chaos" forward by Robert Kiyosaki - Chapter 10, pages 127 - 134.

Disclaimer, I am not an investment expert, nor claim to know all the fees associated with 401(k).  I read to improve my personal financial education and share information I believe is helpful that hopefully provokes thought to ask the right questions of your personal financial goals and of your 401(k) administrator.  I am glad you have a no fee 401(k) plan offered by your employer, I would bet not all do.

One of the most enlightening things that I had learned, and you many find interesting, and frankly I found upsetting because I was never explained this by my CPA/Investment adviser, is that:

401(k) plans are savings plans not investment plans. When the money is withdrawn upon, the 'bait & switch' being sold by the government is that the 40l(k) is an investment vehicle; when in fact 401(k) plans are taxed at ordinary income (35%), not 15% as would be an investor who is investing for capital gains.   That's a significant monetary difference for my goals, whether that is taxed at the beginning of the 401k plan or at the tail end upon withdrawal.

@Nathan Lacey  @Eric L. I stand corrected, it is Facebook co-founder Eduardo Saverin who had renounced his citizenship prior to the Facebook IPO, not E. Schmidt.    Schmidt's babies are increase internet regulations with net-neutrality (doing away with the first amendment) and the pro-global warming scam, but I digress.

The topic is economic collapse, and it will because of the growing unfunded liabilities now at $100 trillion and $18 trillion /yr operating debt, & growing every year, and a collapse in the economy will not be as a result of advances in technology.  The country survived the industrial revolution and came out stronger than before.

If big government got out of the way and allowed the free market capitalist system to prevail and work, and remove regulations for people to prosper in liberty, the country could change course, however capitalism is under constant attack.

Eric, CEO of Google, has renounced his American Citizenship for tax purposes. He's a hypocrite that speaks with other elites that see the big picture. Enormous debt that will never be paid. I read a lot about economics and am very concerned about the $100trillion in unfunded liabilities and $18trillion /yr operating debt, as every American should be. The debt enslaves future unborn generations with debt, that unconscionable. The path of monetizing American debt through the Fed is unsustainable. The laws of economics are also like natural law. Robert Kiyosaki talks about this in his book The Prophecy. Fredrick Hayek, renown economist, wrote about this in his book 'The Road to Serfdom.' Money is an idea, it's value is what other countries trust the value is. It's no longer backed by gold since Nixon took the USA off the gold standard in '71 If and when countries no longer trust in the Dollar and the USA' ability to pay their debts a collapse will occur. It's not impossible. See Zimbabwe, Weimar Republic, Iceland, Greece, Rome

Bobby Narinov I agree with you. Take responsibility to teach your children at home. I bought Kids Cash Flow and play the game with my children to teach they to win the game of money and get out of the rat race. The game is genius ! We've been playing well over a year now; one Ages 4 now 5, the other age 5 now 6. It's fun and the concepts are learned in a fun environment. The Department of no education and Public schools create employees with no financial education whatsoever. With Federal control of education it's only worse, rotten to the core -'common core' group think, dumbing down bright students. Parents take control and take on the responsibility of providing financial education at home. We enjoy the game, and it's taught my wife a lot about money too! Happy investing.

@Anthony Russell  welcome to BP!

@Brian Freeman  I'm interested in being added to your buyers list.   Thanks!