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Minority Mindset Community
Network with other Minority Mindset thinkers.

Tagged With "Book at your Convenient"

Tagged With "Book at your Convenient"

  • Buying A Home
    It's been a crazy year for home-buying, especially if its your first time doing so. I'm just curious: If you've bought a home this year, what's been your experience with that? Has the pandemic truly effected the options/process?
  • Starting A Business/Side Hustles
    The ability to work from home is huge. And, it looks like there's a TON of businesses that might be switching to the format full-time. What's one of the best jobs that's easy to get into and worth your time that you've found this year? Anything that might outlive the pandemic?
  • Topic Reply
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    If you plan to use a Realtor, it is a personality fit, so interview a few and don't feel guilty about firing them if it doesn't work out. Find one that you believe will be able to tell you the bad news, and that will allow you to view the homes you want to view versus the ones they want to view. I work with a lot of first-time Buyers and most require more in-depth education than the internet provides. When looking at homes, the amenities you see in the first 10 seconds make everyone feel...
  • Topic Reply
    I think it's important to self-evaluate our interests if you're looking for an income source that takes as little experience as possible. For example, we all have certain interests, and most of the time we are doing these things on a daily basis already. It's just a matter of realizing a way to utilize our interests to generate an income. If you spend 3 hours a day reading and writing - can you figure out a way to get paid to read and write? Maybe you could reach out and become a contributor...
  • Saving Money
    We've all heard tricks like paying yourself first, but what's one super unique thing that you routinely do to save more money every month? What's your #1 budget hack!?
  • Debt Management
    What is the best strategy for paying off a mortgage early? How do you know how much extra you can put towards your home without losing out on investment opportunities? If the interest rate on the mortgage is fairly low then is there even an advantage to paying the loan off early?
  • Topic Reply
    @Landon Martin I love the auto deposit idea! One of the best ways to go about your saving/budgeting is staying organized and using certain plans and aspects to your advantage. Has the pandemic affected your budgeting at all? (Has it made it easier, better, or harder to stick to?)
  • Debt Management
    Federal student loan payments aren't mandatory until January of 2021, so would it be better to refinance loans then, or is now the best time, because interest rates are so low? Any thoughts???
  • Topic Reply
    @Landon Martin Great tips! Traditional investing can be a great way to build some wealth over time, but like you said, your money is sort of trapped until you are of retirement age. Not a bad way to get to a million though!
  • Topic Reply
    Thank you Landon! I appreciate your advice, and I looked into the state income tax implications for my own state and found no benefits in sight hahahaha, yeah it might be better to just throw whatever I would've contributed into a savings account and collect the 1-2% interest. Also you'd be surprised, from what i can see, and have heard, Med school is more about sustaining an uncommonly high work ethic over a period of decades than it is about being smart.
  • Taxes
    Not sure how to look up taxes or even how to do my taxes yet haha. But I was wondering if there is a reliable website that explains the tax rules within a certain district. (income taxes, property taxes, stock taxes?, sales taxes, etc). Your help would be greatly appreciated!
  • Topic Reply
    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.
  • Topic Reply
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    Usually you can find tax information on the website for your city, county, state, etc. by searching for it online and then looking for a website for that location. When searching on the state or federal level you could also look for websites that have a ".gov" address. They will have the most accurate information because they are actually run by the state or federal government. There might be better places to look but for the limited amount of research that I have done on taxes, that is...
  • Topic Reply
    @Nathan_Gregory So far my experience has been great on my end besides a few hick-ups, but its normal. Cant always be smooth. I have 3 properties. 2 in SoCal and 1 in NorCal. Its definitely easy passive income when things go great. When you find a great tenant, its awesome. Coming up with capital can be challenging depending on your financial situation.
  • Starting A Business/Side Hustles
    It looks like many companies are switching to remote work for good and other industries may not return after the pandemic at all. What I want to know is, will working-from-home become the new standard for businesses, will jobs return after the pandemic is over? Or is the job market in the US changing dramatically right before our eyes? What are your thoughts? 🤔🤔
  • Topic Reply
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    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...
  • Topic Reply
    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.
  • Topic Reply
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    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...
  • Starting A Business/Side Hustles
    How have you had to adjust your business or side hustle based on the pandemic this year? What advantages/disadvantages has it posed, and what's your future plan if the economy goes south again? Thoughts?
  • Welcome - Start Here & Introduce Yourself
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    Hello & welcome to the Minority Mindset Community! Let’s get to know each other. Leave a comment with your name, where you are from, and something interesting about yourself (did you know I love tennis?) I look forward to meeting you!
  • Topic Reply
    😀☝️
    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...
  • #SpendingDetox
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    Spending during the holidays: Year after year, the holidays slowly shift from joyful winter glee, to a race to see who can spend the most money. Retailers all vying for your attention, with bargain gifts abound, and who can forget a present for your step-mom, cousins, siblings, friends and the pup or kitty. It's no wonder why people feel drained and spent come January 1st! But, what if there was a better way to keep more money in your wallet this holiday season, without losing any of that...
  • Topic Reply
    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.
  • Book Club
    I am thinking of purchasing the book Never Split the Difference by Chris Voos. I want to ask your thoughts on it? I am definitely intrigued and do hope it has substance to it. A second question: Has anyone done the audio book version instead? Is it Chris Voos narrating it? Looking forward to reading your thoughts. :Nef:
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