Every for-profit business requires positive Net Operating Income (NOI), including your rental property business. This calculation is used to analyze the profitability of income-generating real estate investments and equals all revenue from the property, minus all necessary operating expenses, excluding mortgage payments.
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Every successful individual regardless of the field, did so by outworking the competition.
Read MoreI started publishing Wealth Building Powers blog when I was suddenly sidelined from my professional career for health reasons. I worked in a field that strives to protect the lives and health of employees and the neighbors in the surrounding communities. I enjoyed my field and miss it as I made a difference by sending employees home safely at the end of their shifts and the end of their work ...
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What is the one thing we do not want to happen in retirement? I say death, but as this is an investment and finance blog- RUNNING OUT OF MONEY! Financial professionals recommend to maintain your current lifestyle in retirement, you need about 70-90% of your FINAL income, EACH YEAR. If your retirement final income is $100,000 you need $70,000 to $90,000 annual income. Because of the extension of life expectancy and ...
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Have you noticed how many new car commercials are on television EVERY day? The automobile manufactures spend $ BILLIONS advertisement dollars annually. They hire young, good-looking actors, leaping for joy to acquire a 72-month car payment! Because the car manufacturer and dealers want YOUR HARD EARNED MONEY! If you resist these ads and YOUR own excuses, and invest 30 years of new car money, you will grow YOUR ...
Read MoreI have recently read several articles stating cash is awful. It concerns me so much, I am willing to make the ultimate sacrifice and take that EVIL cash off your hands. Just mail that evil paper money to me! In reality, we use cash to buy assets that hopefully will increase in value AND beat inflation. Every investment I have made (good and bad), came from cash - home ...
Read MoreThis week, lets start with a quiz: How much money would you have today, if you had invested $10,000 in an S&P 500 Index Fund, in 1980? With no additional deposits. That’s right one $10,000 deposit and no more! A. $380,000 B. $276,000 C. $433,000 D. 760,000 I will show you the correct answer below and how much you could potentially earn if you did the same thing today. First, lets talk about compound Interest. Although, ...
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