Is Your House Actually Causing You to Lose Purchasing Power?

“Purchasing power is a license to purchase power.” –Raoul Vaneigem “The only honest dollar is a dollar of stable, debt-paying, purchasing power.” –Senator Robert Owen How many of you have heard this one? Your house is your biggest investment. With the burst of the housing bubble in the 2008 timeframe, a lot of people who […]

Hoarding, the Scarcity Mindset, and an Unnecessary Attachment to Your House

“I steal cracker packets. I hoard them. Once my collection is large enough, I’ll take them to the flea market and try to sell them to discerning lovers.” –Jarod Kintz My parents like to watch the show American Pickers, so when we go home for the holidays, we usually wind up watching an episode (or […]

Investments Where You Can Influence the Outcome

“Every man gotta right to decide his own destiny.” –Bob Marley I recently read a blog post by venture capitalist Fred Wilson about how they focus on the company that they invest in, not necessarily the investment. One sentence really stuck out to me: Venture capital is one of those asset classes where you can […]

Rebalancing Your Real Estate Portfolio

“There’s a lot of — I don’t know what the term is in Austrian, wheeling and dealing.” –Barack Obama If you are a real estate investor and you come from the Warren Buffett school of investing, then you’re probably likely to want to buy a property and hold onto it forever. That’s what I thought […]

Are You Prepared to Deal With the Human Side to Real Estate Investing?

“Tragedy is a tool for the living to gain wisdom, not a guide by which to live.” –Robert F. Kennedy I’m a big fan of real estate investing, particularly if one of your financial goals is to achieve PIRE. We own several properties ourselves and continue to accumulate rental properties. Given that I have zero […]

Rent or Buy a House? How Oswald Affects Your Decision

“I installed a skylight in my apartment… the people who live above me are furious!” –Stephen Wright When we first started our software development company, the three co-founders figured that we could be a virtual company and hire our team members anywhere in the world. It was software, and we were technologically savvy, so we […]