Last week, I told you that I’ve been out shopping for commercial real-estate and ended up with not one, but two, high rise condo/office development lots … [AJC: for those of you who have been keeping up with this blog, you will know that I feel that development is really a MM201 activity, whereas I was really out shopping for MM301 buy/hold commercial real-estate 'with a twist' - i.e. something I can rehab or otherwise add value to before letting it out - instead, I kind of just '... Read Full Story

Take Mike’s point about raising business capital, from this recent post: Investment money [for your business] should come from cash flow and not bank loans I happen to agree, mainly because business funding is hard to come by and can be very expensive … … when, the BEST place to find the capital to run and grow your business is from the gap between: a. Your Sales, and b. Your Costs. This is nominally called PROFIT, but that is dangerous because it implies that you can spend ... Read Full Story

This video has nothing to do with money per se other than (maybe) helping you realize that IF you want to be successful, you have to be able to see things that others can’t and learn to differentiate between the real and the unreal. If you want to find the ’secret’ in the above video, then you really need to watch this version, then watch the first one again: Maybe, it’s all the people giving you common wisdom financial advice who have everything backwards? Read Full Story

There’s nothing wrong with being debt free … … which seems like I am flipping, when I should be flopping, about debt. Until you realize that I can just as equally claim that there’s nothing wrong with being in debt, either. You see, it depends. In fact, what I contend is that the majority of my readers NEED to be in debt … but, that’s not the same as advocating debt for debt’s sake. Confused? Let me explain by introducing you to a new reader, Lee, who... Read Full Story

Yes, I have been out shopping … … last week I bought not one, but two, commercial properties: - One is a warehouse/showroom that needs extensive renovation, and - The other is a quadraplex (four apartments on one title/deed). The first one (the warehouse) is one of those properties that you drive past for years and years and think to yourself: “Wouldn’t it be great to own that property … one day?” Well, I happened to drive past ‘one day’ and a F... Read Full Story

It’s fairly safe to say that Mike is NOT a fan: I happened to stumble on this site doing some research on debt free. No wonder I’ve never heard of this site or even the radio show apparently associated with it. Anyone who thinks that living debt free is the wrong thing to do needs to have their head examined. That’s like saying Ohh we shouldnt live debt free we’re on the planet to make banks rich on our hard earned money. Nice mentality you got there. It just doesn’t hold any water. The... Read Full Story

… love him or hate him, you can’t argue with the success of the Trumpster. This video even gives you some insight into WHY he brought the “Hollywood to real-estate”, but the real messages are in the last couple of minutes of this video … watch and learn from the Master Read Full Story

Recently, I pointed all of the difficulties of the Entrepreneur’s Holy Grail – the IPO [cue angels] … … for all these reasons – and more – I didn’t IPO my businesses … but, I found something almost as good: 7million7years Patented Instant IPO It works like this: Step 1 Make sure that your company is profitable and has a reasonable track record of growing profits. This should value your company at 3 to 5 times earnings (i.e. annual net profit aft... Read Full Story

For a while now the web has been a’twitter with ebooks spouting the idea of Multiple Income Streams … … literally, here is an example from Twitter: Multiple Income Streams is the ONLY way to Achieve Extreme Wealth … I’m not so sure that was true for me – hence it can’t be ONLY But, is it true even if we substitute ‘usually’ for ‘only’? Again, I don’t think so … in fact, I feel that most people achieve a very high... Read Full Story

If you needed any evidence that the ‘global financial crisis’ – on a global macro level – and problems with the US real-estate market – on a global micro level – are still affecting people in the their day to day lives, you need read no further than Rischa in Seattle’s comment [AJC: I've added punctuation for your reading pleasure]: From what I’ve read I think we’re screwed, but I’m not even sure what we can do. Here is the scenario:... Read Full Story