The next two Twin Cities Rich Dads and Moms Cashflow Club are coming up. There’s is a game today, October 20, 2007, here in Leominster and another game in Fitchburg on October 27, 2007. Networking starts at 5PM, and the game starts at 6.
Subscribe to the newsletter for directions and to RSVP if you are coming and sharing in pizza. It’s free to play. Expect to contribute $5-7 if you want pizza.
Last month in Leominster, we had a hard money lender as speaker, 14 people here during networking and 11 playing on two tables. In Fitchburg last month, we had 14 people on 3 tables.
We play both Cashflow 101 and Cashflow 202 and all are welcome.
Continued here:
October 2007 Cashflow Games
Tonight, on “Mad Money”, Jim Cramer said “cash is king”. I know it’s not the first time he’s made this pronouncement and he was talking about stock portfolios.
He says that if you have only 5% cash in your portfolio, you are maxed out. He recommended keeping at 10% cash portfolio with a strategy of taking some gains off of the table (he calls it “schnitzel”), even if that means you raise your cash position to 40%.
He talked about making this mistake himself in the past.
I think this applies to real estate also. I know I’ve made this mistake before and I’ll bet most real estate investors have too.
Read the original:
Jim Cramer: Cash is king
I’m pretty sure that everyone reading this blog is trying to escape the rat race.
We need tools to do that so to help you evaluate real estate, I’ve posted some mortgage calculators at Beko Investments.
So now you all have access to this kind of tool and don’t have to go searching for them. I still prefer a good old financial calculator (link to come so you can buy one) but they aren’t always with you. So check these omortgage calculators out.
Source:
Real estate tools
As you can tell by the image, I am ready to be completely transparent with you all.
Things are not good. Each month, my wife and I are in the hole deeper than the month before. We have had medical expenses in the past few months that have really taken us off our normal routine and they are consuming us. I am also dealing with corporate taxes right now (due next Monday) with a new bookkeeper and a new accountant. We are also dealing with a refinance on our home (5-year balloon due early next year), which we did not expect to be in this long. Add on top of that everything that is happening at Rich Dad right now (the impending buy-out, new web site architecture due on 28 October, and many, many other projects that are just as important), and you have a recipe for depression, anxiety, and despair.
On the good side, I have never had so many opportunities for business and personal growth in my life. I am learning how to be a television and film producer from our in-house expert, Richard Taylor. I have several opportunities to expand my business outside of Rich Dad that could be huge depending on how they go. I am ready to launch a documentary series on the health and fitness process I have been going through since May of this year. My kids are doing incredibly well in school and their extracurricular activities. My wife is pursuing her passion by volunteering at a local restaurant, just so she can learn from them. Robert wants me to be the designated teacher for Rich Dad Education. Etc, etc, etc.
So, what is wrong with this picture? Robert mentioned yesterday a story from R. Buckminster Fuller who said to himself in 1927, I am going to stop working for money and do what God intended me to do. In focusing on my purpose, the money should follow…and it did. Robert made the same decision in 1980…and it worked for him as well. Is that what I need to do? Am I focusing too hard on the money? Am I attracting more of what I don’t want?
Read more from the original source:
Time to Open Up
