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Stock Market Investing
Webull
Nef Find a reputable brokerage that has been in business awhile and review the fees, then go for the one that you like. WeBull or Robinhood will work too. The more important part of the decision is to chose a brokerage company and consistently fund the account. Good Luck. [ more ]
Maykel Yes [ more ]
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Book Club
How many finance books do you read?
Debra Robertson Book are always the best way to get knowledge because creation of any book will take a long time to write and very deep research, so if your book related to the syllabus of any subject than you have to know how to make a Wikipedia page for your book and your self to make your work publish and your life too, so people will know who hard you work to finish this book [ more ]
blaise_89 πŸ‘
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Book Club
If you had a chance to ask the author of your favorite money management book, what would you ask and why?
Reven World-famous Authors are all on Wikipedia if we have anything to know about them we just need to click on google and type the best writer, we get the result but what about the writer who has written a beautiful book but nobody knows about them it is better to promote your work so you will get the best result, 1st look for custom Wikipedia page creation service , who can help you in the creation of your 1st Wikipedia page [ more ]
Landon Martin The question that I would most like to ask is just "What is one piece of information that you wish you could add to or remove from the book?". I know a lot of authors will often release new editions of their books to update the information to fit their current ideas, but it would be interesting to me to see how their ideas have changed over time. [ more ]
Dashanera Don’t have a book. But how to handle emotional spending. [ more ]
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Book Club
What do you think are the best books to help someone master their money?
How to Create a Wiki It is better to check the list of writer on Wikipedia because the most of the writer get the Wikipedia page creation service to promote or let people to know about them or their book [ more ]
seguirat 8 Steps to 7 figures by Charles Carlson. Best book I've read on the subject so far. [ more ]
kommi πŸ‘
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Saving Money
Sold my house, new to investing, what now?

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Real Estate Investing
Need advise on selling a home
Nef Double check on the so-called savings with respect to the 'Agent Fee'. I stumbled on information that mentioned you truly don't or can't disregard this fee. It's somehow still part of the transaction. Maybe someone with more intimate knowledge can chime in and give a much more clearer description and if this is true or not. GLWS - And be careful with making an emotionally driven decision that may circle back to bite you. [ more ]
blaise_89 πŸ‘
Steve My recommendation would be to have it appraised and then sell it to either your friend or list it with a Realtor. If you sell it to your friend, which is totally your choice, they either have to come up with their own financing (like through a bank), or you would provide it, and there are other people that may help. No different than selling them your car. Either someone gives them the money to give to you, or they make payments to you. Also just because the Zestimate is a certain value does... [ more ]
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Debt Management
What it the best debt repayment strategy for getting rid of debt fast on a low income?
Nef Great topic question, I will bite: As you go down the rabbit hole of researching the topic of 'Getting Out of Debt' you will surely find that there are a few approaches to consider yet, the conclusion will be that the path chosen is simple to understand but very hard to stick to. My recommended approach to tackling debt while not having enough means (low income) are as follows. 1. Know Your Numbers: You have to know how much money is coming in and how much money is going out. Have a record... [ more ]
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Welcome - Start Here & Introduce Yourself
Freelance VOIP Engineer

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Retirement Planning
Who is Considering Retiring Early?
Nef @Riva951ie : Wow, that is so cool how things worked out in your favor albeit challenging. Hope this year bring more fruitfulness. [ more ]
Riva951ie @Nef I first bought a single family home (all 3 are). Honestly I was more forced to buy this since I did not qualify for much and having a truck payment did not help out either. However, my agent did recommend this area and the house value has gone up almost 300%! So in short, I qualified for so little and that was in my price range. This was in 2011 when I got the house for 83K =) [ more ]
blaise_89 πŸ‘
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Welcome - Start Here & Introduce Yourself
New to the group thanks for the add in.
blaise_89 πŸ‘
seguirat πŸ‘
jmaschak πŸ‘

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Welcome - Start Here & Introduce Yourself
seems like a nice place to join
BCFeher Like your site and YouTubes! Keep up the good work............. [ more ]
blaise_89 πŸ‘
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Retirement Planning
Long Term Strategy vs Risky Short Term Returns
J-Oldani πŸ‘
Trevor you both touch on a point: invest in 401K as much as your employer matches is the general advice. Tend to agree, however there are additional options to continue on 401k without matching. Something else mentioned is the idea of taxable retirement income vs non taxable (Roth). So thinking this is my action plan: In my circumstances I am past the beginning steps: 2k emergency fund, 8 month expenses liquid savings, no student, car or CC debt, no debt at all till I buy a home. 401K up to... [ more ]
Riva951ie Hello @Trevor , I was in the same predicament as you mentioned above on this thread. After doing some googling and reading a slight page of Dave Ramseys book, he pretty much mentioned the same thing that @Maykel said. Max out 401K. After that, invest in IRA (I would say ROTH) so when you pull out in the future, its already taxed. I personally am doing this now. Just started it. I would not want to get taxed from only pulling out from 401K. You mentioned real estate, I would recommend this... [ more ]
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Saving Money
What were some things you did to save money during the pandemic?
blaise_89 I spent 3 months at my parent's home during the first and the second hard lockdowns that we had in Italy. My side hustle became babysitting my 2 years old niece, so my brother also saved something. [ more ]
Nef If [you are not in immediate need] save your stimulus money. It's a quick and easy way to build that first 1-2K short term emergency fund. This decision will be worth the sacrifice. [ more ]
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Real Estate Investing
getting into rental properties
Nef @American.Champion , It is great you are starting early in life. Time will be your best asset. Make a strong effort in educating yourself in real estate, never stop learning. Also become disciplined in the art of savings. Having 'skin' in the game with your hard cash goes a long way to build credibility which will allow more opportunities to be presented. Be great at analyzing deals quickly and as accurate as you can - whether it be a single/multi, a house hack or flipped home. Keep in mind... [ more ]
Riva951ie Hello @American.Champion I would personally not be buying at this moment since it is a sellers market. I been holding off on buying since the prices are so high. I rather wait it out a while longer to get a better deal. I know we cannot time the market, BUT me personally, will take that risk and wait. For now, I am saving up more capital to give a bigger down payment to drop monthly payment. If you buy at a higher prices, your ROI will be lower. I have 3 properties in California. 1 in Norcal... [ more ]
Gabe Private lenders, hard money, transactional funding lenders usually don’t care about your credit score as much as they do the deal. If they do ask for a credit report, it’s to look over your credit history to verify your credit worthiness. Also, the interest will be steep, but still a good way to get funding fast. [ more ]
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Taxes
What is your favorite hack to save money on taxes?
Riva951ie @Nathan_Gregory For me it would be: Depreciation from rental properties Tithing/donating at my local church. 401K [ more ]
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Buying A Home
How was your experience buying your first home? Any advice for first time home-buyers?
Riva951ie Hello @Nathan_Gregory What I did was talk to 2 realtors at the same time (Without them knowing). I wanted to know who was more transparent with me with the whole process. After I found out who was more informative/transparent I chose them. Along with feeling comfortable with them. Also did a lot of googling so I would not get fooled. Or at least try to minimize those possibilities. Also, cant go in blindly into this process. Also, once you are qualified, the realtors will obviously try and... [ more ]
blaise_89 πŸ‘
Kathleen Nguyen It can be very intimidating, especially in a seller's market. However, find a good agent that is experienced and they will be able to guide you. Buying your first home should not be done by yourself (I am biased but for very good reasons). There are a lot of mistakes that you can make. Most important is having a good down payment so that your payment is manageable. If your mortgage payment is too high (above 45% of your total income- can vary slightly), then it may be too much of a stretch. [ more ]
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Debt Management
Paying Off a Mortgage
Riva951ie Hello @RP I had the same thought process, but I took the other route of just paying off the home. I thought this would best fit my case to produce more ROI to buy another home and have a lower debt to income ratio. Also, this would open more doors for me to cash in on the full amount of $$ from this rental. Also, to not end up paying triple for the house after the 30 year. You can also do what @Nathan_Gregory mentioned and refi to lower interest, BUT still pay the full price that you were... [ more ]
RP It's an interesting debate. Say if your mortgage rate is 2%, is it worth putting an extra $1000/mo when you could be putting that into an investment portfolio, which will *likely* yield greater than 2% over the course of 10 years? I have decided to NOT pay down the mortgage, but put these extra savings into investments with the goal of pulling out to pay off the mortgage in 5 years. I've decided this for two reasons: 1) Assuming the investments go up 5-10%, that's a few more thousand dollars... [ more ]
Nathan_Gregory Hi @Landon Martin , Just one strategy that comes to mind for me is refinancing. One advantage to this is if you have certain factors in place like a high credit score and equity in your home, you can refinance your mortgage for a lower rate, which will drastically reduce your payments per month. You can then take advantage of these lower payments by making two bi-weekly payments per month, which may help you pay off your mortgage twice as fast. We wrote a complete guide on this, which goes... [ more ]
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Welcome - Start Here & Introduce Yourself
Watch Out For Scammers on ALL of Our Platforms!
blaise_89 πŸ‘

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Book Club
"Money Make **it Happen"

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Stock Market Investing
Gasp! Minority Mindset Replied To My Comment!
Nathan_Gregory Hi Blake, This is a scam account that is using a fake account that looks like the Minority Mindset to scam our audience. We have reported the account & many other like this one, so please DO NOT interact or give this account any money/personal details. Instead, please report them and any other accounts like this one that you see on our videos or page. Keep in mind that we will NEVER ask you for money through any app, including WhatsApp. In addition, we have a checkmark next to our name,... [ more ]
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