Usually, when people ask us this question the answer is easy. Find a good community. Determine if the rent (revenue) will be greater than your expenses. If it is, you’re good to go. Buy it, manage it and hang on for the ride. But yesterday someone screamed out, “No No, I’m not asking you about…
We get a lot of questions sent our way and we do our best to answer each and every one of them. Sometimes it takes us a bit longer than we would like but we get there. There is a long list of questions and answers online which you can click here to see, some…
Personally, we are guilty of not taking time to reflect often enough. To look back and remember what things were like when interest rates were in the teens, when the average new house price was $100,000 less (not long ago), etc. Or to recall all of the roadblocks and challenges that we have faced and…
Someone we take a lot of value from once explained the difference between “now income” and “future income”. Now income is money you go out and earn today. From your job. Or perhaps, from fulfilling orders in your business that have come in. From your day-to-day effort to produce immediate income. But ten years from…
I was talking to an old neighbour about finances and stuff the other day. The discussion turned towards how it takes more and more money to maintain a middle-class standard of living. He’s a doctor. When I mentioned that inflation is the silent little thief that is responsible for making it harder to pay the…
Why is arguably one of the most successful investors of all time churning out comments that any of us can poke holes in? Many people swear by his annual shareholder letter and hold it up as the gospel of investing. But his latest one posted in February has some absolutely strange comments in it.…
It’s becoming more and more obvious to all of us that job security is a thing of the past. Many of us will need to rely on ourselves, and our own ingenuity and hard work, for our financial well being. Even so called “guaranteed” pensions, government jobs with lifetime security… it’s all smoke and mirrors.…
