flip.it/.AvQD9 Richard and Betty James had a great idea. But they had one thing that was even more important. As Inc. colleague Bill Murphy, Jr. tells the story in a recent edition of his excellent daily newsletter, Understandably, in 1943 Richard James was working on a way to use tension springs to keep instruments on ships in place when they encountered rough seas. One day he accidentally dropped one of his springs. The spring "stepped" down a shelf, ...
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INVESTMENT RENTAL PROPERTIES CAN MAKE YOU A MILLIONAIRE! Good news - there are great investment properties out there, you just need to find one. Here are five key steps to finding that great investment property:First find a Great Location Show Your Ability to Pay for the PropertyIdentify the Type of Property and How Much You Want to SpendHire the Right Real Estate AgentInternal Rate of Return >10% FIRST FIND ...
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IT’S ALL ABOUT THE LOCATION SILLY Over the past 30+ years, I have purchased seventeen investment properties. Some HORRIBLE (I sold) and some great (Still Own). Here are my lessons to help you find a great location that generates high rents and above average long-term returns. FINDING GREAT RENTAL PROPERTY LOCATIONS WOULD YOU LIVE THERE? WOULD YOU LIVE THERE? I made the mistake of buying five properties, I would never voluntarily live. Yep, I sold those five, AT ...
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I grew up in small southern town in North Carolina (NC) where there were more chickens than people. In High School, my classmates self-divided into two groups being those who applied to college and those who wanted to immediately work after graduation. Since birth I heard, “you are going to college OR ELSE” so I applied to college and graduated with a degree in Chemical Engineering. One of my classmates ...
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Investments , REAL ESTATE INVESTMENTS
2020 WAS THE RIGHT TIME TO INCREASE MY REAL ESTATE PORTFOLIO BY $1 MILLION
COVID - 19 has drastically reduced tax revenues while also increasing the expenditures of: Cities, Counties, States and the Federal Government. So what are the plans to close the Billions in gaps? Look in the mirror! Politicians tend to stick to their tried and true option of RAISING OUR TAXES. In anticipation of high taxes climbing and the escalating violence in some cities; thousands of homeowners are fleeing the highest ...
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Since the March crash, the stock market is on a bull run and new investors are jumping in the pool! Just in March 2020, more people opened an account with E-Trade than all of 2019! Several of you have asked my advice on buying individual stocks. A STOCK PRICE CAN DO THREE THINGS: Go Up Stay Flat Go Down. You and I want to invest in companies whose shares are going up. ...
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Both major and small brokerage firms, such as Fidelity and Charles Schwab now permit the purchase of fractional shares. A fractional share purchase allows you to buy a small portion of a stock, with as little as $5.00. Meaning you can own a fraction of an expensive stock like Amazon or Tesla. {Not recommending these stocks!} BROKERAGE FIRMS ALLOWING FRACTIONAL SHARE PURCHASES BROKERAGE TRADING FEES ACCOUNT MINIMUMS and MINIMUM SIZED FRACTIONAL SHARES Charles Schwab $0/trade $5.00 minimum ...
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Albert Einstein stated, “Compound interest is the 8th wonder of the world. He who understands it, (the financially literate) earns it; he who doesn't, pays it.” Compounding normally refers to a bank account, and generally means you will collect interest on your money. Moreover, compounding also applies to other investments such as real estate and stock ownership. Example- On January 2, 2020, you purchased one share of Powers, Inc., at a price of ...
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This has been a tough week. Peaceful protestors; Criminals looting and damaging businesses and properties; Two Police officers killed, and hundreds wounded; Social media overflowing with words, pictures, slogans. So far, the only solution I have heard widely articulated is defund the Police. IF BLACK LIVES MATTER, DEFUNDING THE POLICE IS THE WORSE IDEA I HAVE HEARD THIS WEEK Chicago demonstrates the results when you inadequately fund the Police. Chicago’s ratio of Police ...
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Financial Literacy , Investments , WEALTH BUILDING POWERS
UNIVERSITY OF CALIFORNIA IS DROPPING THE SAT AND ACT STANDARIDIZED TEST FOR POLITICAL REASONS. A DECISION THAT WILL HARM MINORITY AND ALL STUDENTS!
CONTRIBUTING AUTHOR – BILL POWERS; Author of The Pharm House & The Torch is Passed http://authorbillpowers.com The University of California (UC) decided to eliminate the SAT and ACT as an admissions criterion because the standardized tests were deemed to be discriminatory against minorities. UC failed to explain or even address how Asians appear to be immune to the discriminatory effects of the SAT/ACT. The school setup a committee to identify a possible “non-discriminatory” replacement ...
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