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#SpendingDetox
For the Spending Detox challenge, I'm choosing #1, #2, and #6
Nathan_Gregory UPDATE FOR MY SPENDING DETOX CHALLENGE: Okay, so, I decided to not spend any money from Black Friday through Cyber Monday of this year. I did not realize how tough this would be... There was so many things that I wanted to buy that weekend I almost lost the challenge I think 100 times lol. However, I stuck it out, and didn't spend any unnecessary money on those days and now I have a ton of cash in my bank account to add onto for 2021 or invest next year, while the rest of my friends are... [ more ]
Lynn Lewis πŸ‘
J-Oldani πŸ‘
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Real Estate Investing
getting into rental properties
Steve I recommend people get licensed. In many states, accepting a fee for real estate services requires a license. To me, it is always a good time to get started. For financing questions as a lender. [ more ]
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Stock Market Investing
Stocks for 2021
Annie I think that's a great thought. I'm looking at health ETFs for 2021. [ more ]
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#SpendingDetox
I'm choosing #3 Don't Overpay
blaise_89 I bought some "Amazon's Choice" stuff for my 2 years old niece... I'll try to stick to my commitment throughout December. [ more ]
TravisB πŸ‘
Lynn Lewis πŸ‘
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Stock Market Investing
Why doesn't Jaspreet recommend investing in previous metals like gold as much as he promotes real estate-investing?
blaise_89 I've been following their channel for 3 years, and I'd like to share my interpretation. Jaspreet usually refers to gold and Bitcoin not as an investment, but as an hedge against inflation and market overvaluation . They look at them as indicators moved by the choices made by "big investors", in the light of their interpretations and predictions on our economy. From this perspective, we have gold close to its highest evaluation in history , and this seems to suggest that big investors... [ more ]
blaise_89 πŸ‘
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Starting A Business/Side Hustles
Hustles with the lowest entry-requirements?

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Welcome - Start Here & Introduce Yourself
Introduction
blaise_89 πŸ‘

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Debt Management
Paying Off a Mortgage
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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Real Estate Investing
Real Estate Investors: Are You Buying, Selling, or Waiting right now??
RP Hi Nathan, I am keeping an eye on the market and would make a move if the numbers/scenario fit, but I'm also being patient. There are still decent properties on the market now but you need to be informed, know your numbers and know what works for you. Be patient, because it is a seller's market and you don't want to be in over your head and spend too much. Best to wait it out and keep your eye out for the right one. [ more ]
Riva951ie Hello! I am currently waiting during these weird times. It seems to be more of a seller market, hence why I am holding off. During this time, I am focusing on paying off one rental property and also saving up to buy the 4th for me to live in when things cool down a bit. I know Jaspreet also has a video on his IG stating that he is also holding off. Just does not make sense to buy right now depending on your goals. For me, it does not make sense. [ more ]
Michael Treas Hello All, My family was flipping before flipping was considered flipping so its something I’ve always wanted to do. I’ve heard many mention another housing market crash so I’m using this time to learn and study all I can so hopefully when the market prices go down I can make some good deals. -Michael [ more ]
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Welcome - Start Here & Introduce Yourself
Hi I'm Russ
jmaschak πŸ‘
Annie πŸ‘
blaise_89 πŸ‘

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Book Club
Anyone Read "Never Split the Difference" by C Voos
RP I got the audio book about 3 years ago. Chris is not narrating, but the narrator has a similar style of speaking as CV and does a good job. There are a lot of great tools in this book that you can use not only in negotiation but in every day life. It's not dense, but there's a lot in there, I find that I'm constantly referring back to ideas and concepts depending on my needs at the time. It's a great book and worth every penny! I would imagine the hard copy would be as good as the audio... [ more ]
Nef Ok, love the concise summary. Thanks for sharing @Steve . [ more ]
Steve I haven't read it, though heard the premise long ago. Figure out the pain points someone has, and then negotiate with those in mind. Steve [ more ]
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Welcome - Start Here & Introduce Yourself
Hi I’m Elexis!
blaise_89 πŸ‘

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Welcome - Start Here & Introduce Yourself
Hi
jmaschak πŸ‘
blaise_89 πŸ‘

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Stock Market Investing
Any suggestions on my portfolio?

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#SpendingDetox
I'm Choosing Spending Detox Challenges #1 and #4
blaise_89 πŸ‘
Nathan_Gregory πŸ‘

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Book Club
What do you think are the best books to help someone master their money?
Nate Sampson ❀️
Steve Profit First, Go For No, Networking On Purpose, Forever Employable. [ more ]
Maykel I have not read these, but I just got them. I have seen a lot of recommendations for them so I shall pass them on to you. 1. The richest man in Babylon 2. The Bogleheads guide to investing 3. The intelligent investor [ more ]
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Stock Market Investing
What’s your favorite stock market investing app?
ALLEYBOY760 I have M1 over a month now and have had Etrade for 6+ years. I wish M1 was around when I started learning this field years ago, it so much funner being able to play with the big boys with only pennies to the dollar compared to the $$$ on each stock. Etrade is a nice straight direct forum that is nicer now that I have put time into studying it. [ more ]
Funance Theorist. Ameritrade/Thinkorswim is clearly the best most reliable and successful platform. The others either don't have enough tools or simply don't have the reputation worth joining on for. Look at Robinhood whose main investor base is extremely novice and is known for days of server overload and awfull customer service. Seriously the barriers to entry for low-end investing apps arent very much look at the 18-year-old kid who killed himself because of margin trading on robinhood. [ more ]
Landon Martin I have been using M1 Finance for awhile now and have been very happy with it. I really like building the pie chart portfolio that the money will automatically divide between and invest in. I also like that M1 allows you to own fractional shares of a company so that all of your money can be immediately invested and you dont have to save up until you can buy a full share of a company. A couple downsides to M1 is that you dont have exposure to the full market because they only allow certain... [ more ]
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Welcome - Start Here & Introduce Yourself
Hey everyone!
Carlton Johnson Hi Everyone! I'm Carlton and I am from Atlanta, Georgia. I am a recent subscriber to Minority Mindset and love what I see on the videos with Jaspreet. I own a small business consultancy and provide small business consulting services (think accountant on steroids), but interestingly enough I hold a Ph.D. in Metaphysical Science and provide Reiki therapy to clients (not the business ones, of course 😁). Looking forward to interacting with everyone. [ more ]
Annie Hi, and I'm Annie. My focus is on helping my children complete their education -- two are in college right now -- and set myself up for a comfortable retirement in about 10-12 years. [ more ]
blaise_89 πŸ‘
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#SpendingDetox
Spending Detox, I’m choosing #2 and #3!
blaise_89 πŸ‘
Nathan_Gregory This is great! I'm usually pretty bad a giving gifts around the holidays, so I definitely understand buying expensive last-minute gifts, although, I usually do it as a way to compensate for being a bad gift giver. Also, the "White Elephant" gift giving is definitely out for my friends and family this year too. Not worth the stress or hit to the bank. Good luck with the challenge, keep us updated with how it goes! [ more ]
Nathan_Gregory πŸ‘
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#SpendingDetox
Declare a β€˜Zero Spending Zone’
TravisB πŸ‘
Nathan_Gregory πŸ‘
Nathan_Gregory Same, that's exactly why I chose this one as well. I really want to condition myself so that spending is a conscious choice, rather than just something that I "do" just because it's the holidays. Keep us updated with how it's going! 😁 [ more ]
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