THE UNSETTLING ECONOMIC HISTORY BEHIND OUR BAD NEIGHBORHOODS

Rough American Neighborhood

I’ve done my fair share of traveling around this country. Indiana, Florida, Hawaii, Oregon, Nevada, Virginia, Arizona, Washington, Ohio, California, Texas, etc… And one of the things I’ve noticed is that financially challenged communities are prevalent in nearly every major metropolitan area.  In fact, I can say with confidence that practically every big city has a “rough” part of town.  In the more extreme cases, drugs and gangs emerge, which can often lead to violent crimes.  It’s really quite tragic, and I know we’ve all seen it. What accompanies these struggling parts of American cities is an equally disturbing economic Continue reading

INVESTING IN LAS VEGAS? NOPE.

LasVegasNevada

On a recent flight back to California, I struck up a conversation with a fellow traveler.  Turns out we actually went to the same middle school even though we were a few years apart in age.  Small world, huh?  Eventually we started chatting about why we were on a flight.  He told me that he was heading out to a friend’s wedding, and I explained that I had just spent a few days in the Midwest visiting some of my rental properties.   That captured his interest, and he asked if I was planning to invest in Las Vegas since it’s Continue reading

THE PROBLEMS WITH YOUR JOB

Frustrated Employee

I can feel you rolling your eyes right now. As if you really need me pointing out everything that’s wrong with your job, huh?  I’m sure you’re more than capable of figuring out this one on your own. Well, there are a lot of problems with the whole job concept in general: workplace politics, discrimination, sitting in traffic, high taxes, favoritism, lack of control, big egos… I could keep going. Well, I’m of the opinion that the biggest travesty associated with jobs is that they commit the cardinal sin of directly linking time with earnings.  With a job, you’re trading hours Continue reading

THE THREE APPROACHES TO INVESTING

Investing for Capital Appreciation

As you begin exploring the investment landscape, you’ll quickly realize that there are plenty of investment choices to select from.  There’s no shortage of available options.  Nevertheless, when you break down all the various financial strategies and techniques, there are really only three primary approaches to investing that we can pursue as self-directed stewards of our money: 1)   Investing for Tax Reduction 2)   Investing for Capital Appreciation 3)   Investing for Income Let’s take a look at these three approaches individually: INVESTING FOR TAX REDUCTION With this approach, you’re investing to reduce your tax exposure.  Taxes are right up there with Continue reading