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Feb 8, 7 Ways To Change Your Family Financial Tree
As a father I have the ability to change my family tree. That means that If I come from a family where money was a problem, either there wasn't enough of it, it wasn't managed correctly or it was...
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Feb 11, How I Messed Up A Potential Great Deal
In real estate like so many other business opportunities, every once in a while a "deal" comes up and you have to jump on it faster than you can say "deal or no deal". Well, it turns out that I just...
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Feb 25, Learning From Real Millionaires...
I had the opportunity recently to attend a conference where the majority of the attendants were field supervisors in a construction related industry. As a project manager I send these guys out to my...
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Mar 1, Rental House Update...We Are Selling!
It seems that because of the low housing inventory here in Atlanta demand for houses has gone through the roof. I bet many other major cities are seeing the same too. To illustrate let me tell you what...
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Mar 9, The Risks of Taking on Debt
I was recently researching the tax records of a property I want to to buy and noticed that the house had been refinanced numerous times only to end in foreclosure. I think it's a good example of how...
View ArticleApr 8, Do You have Passion for What You Do?
Ran into this short clip about Steve Jobs' thoughts on passion for your work. It made me think quite a bit and wonder what areas in my life do I feel passionate about. It's not just passion for the...
View ArticleApr 11, Rental House Update and What You Must Know Before Purchasing Rental...
In the previous post about this house I wrote about how we had taken a chance and decided to sell the house instead of rent it. It turned out that the interest for purchasing was much higher than the...
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Apr 16, Potential Deal?...Don't Walk, Run!
This week I was reminded that when opportunity knocks the advantage goes to the proactive person and not the reactive one. You see, I got an email with a potential deal in my preferred area of real...
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Feb 13, Proven Strategies for Building Personal Wealth - Part I
The hardest part of building personal wealth for me was getting started. There are so many unknowns and things to do, but if you follow these tried and true strategies you will be on the way to wealth...
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Feb 14, Proven Strategies for Building Personal Wealth - Part II
Debt management, real estate investing basics and personal finance education are three more strategies that you need to consider on the road to wealth. See how these recommendations can fit your...
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Feb 22, A Six Step Plan for Credit Debt Relief
I am convinced that one of the reasons my wife and I have been able to build wealth on our single income has been our choice to avoid credit card debt. Unfortunately, because of credit we “enjoy” the...
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Feb 28, Credit Card Debt Solutions
Credit card debt solutions services have been made into a profitable and sometimes fraudulent business. As such many people have been duped to believe that solutions to credit card debt can only be...
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Mar 5, Signs That You Need Credit Counseling Debt Relief
Debt is the opposite of wealth. As long as you are in debt you will not be able to build wealth. If you are dealing with too much debt there are resources to help you deal with it. Credit counseling...
View ArticleMar 7, Going From Debt to Wealth by Focusing on Wealth
To many people the phrase debt to wealth sounds like nothing more than wishful thinking. You may think that turning debt into wealth might just not be possible because you cannot even fathom how to get...
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Mar 12, Your Personal Net Worth: Tracking Your Wealth
Calculating your personal net worth is the most important figure you can have in order to get a view of your financial position. Watching over time how your net worth increases is a powerful motivator...
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Mar 14, Investing in HUD Foreclosures
HUD foreclosures can offer a great opportunity for real estate investing. But how do you know you are getting a good deal when buying a foreclosure? If you are buying a home after foreclosure, as an...
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Mar 18, Want to Flip Houses? What You Can Do With $20k...
I received a question from a reader asking if every time you rehab a house you have to spend $30,000, $40,000 or more doing a rehab. The answer is no. House #5 is a good example of that. This was a...
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Mar 23, Selling Rental Property...Even If It's Making Money
The common advice given when considering selling rental property is to consider whether the property is producing positive monthly cash flow or not. You obviously want to get rid of a looser but what...
View ArticleMar 29, Setting Goals and The Quarterly Review...
I have been a bit silent on the site as of the last week. A work trip combined with way too much work are to blame... I have somehow managed to find the time very early in the mornings to write some...
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Apr 5, Before Purchasing Rental Property...What You Can Learn From My Mistakes
Purchasing rental property can help you build wealth…but before you consider buying rental property I want you to be well aware of what you are getting into and what to watch out for. In the first part...
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Apr 19, Personal Finance Basics For Families
There are some personal finance basics that will not change regardless of whether you are single, married or have children. However once you grow your family with the first child there are some basics...
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Apr 24, 6 Reasons Why Real Estate Investing Rocks!
Unless you have been hanging out with the Taliban you have probably heard that real estate all over the US is on the way up... This is yet another example of the cyclical nature of real estate. And as...
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May 17, My Investing Strategy is Dead... What Now?
You might have noticed that it has been awhile since I have announced a new house flipping project on this site. That is indicative of how the real estate investing market has changed in Atlanta...
View ArticleMay 31, 7 Steps To Help You Achieve Your Wealth Goals
Creating a plan for building wealth is an essential step when learning how to build wealth. When you plan you create the road map to get where you want to be but you need to make sure that the reasons...
View ArticleJun 21, Ten Things More Important Than Money
(Once in a while I repost an older article for the benefit of newer readers, enjoy!)In the pursuit of building wealth and achieving your financial goals it is easy to focus on money. However we need to...
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Jul 4, Making Money With Full Time Real Estate Investing
An Interview with Danny Johnson a Full Time Investor I recently had the privilege of speaking with Danny Johnson from FlippingJunkie.com, an experienced and very active real estate investor in the San...
View ArticleNov 24, Failure is not falling down, failure is not getting up...
One of the reasons I have enjoyed athletics and competition for such a long time is because of all the great life lessons that it offers. As someone who is going through some very challenging times...
View ArticleDec 20, Making Money With Full Time Real Estate Investing - Part 2
Finding Motivated Sellers... Fast forward to the present and Danny has been steadily doing real estate investing deals for the last 10 years and he's been making a full time living at it. But the thing...
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Jan 11, Quitting My Job, Starting My Own Business...
The time has come for me to move away from Corporate America, move away from making a living with a J-O-B and dedicate myself to a new challenge... I quit my job and I have started a new business! I...
View ArticleFeb 1, Why I Wish I Had "Nicer" Things But I Don't...
I live in a fairly affluent area of Atlanta. I am not necessarily surrounded by millionaires, at least not immediately, but it is definitely a middle to upper middle income area. Since I have traveled...
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Feb 15, Surprise, Surprise! - Wealth-Steps.com Traffic Over The Last Year
I just wanted to share with you some surprising facts about this websites' traffic over the last year. I know some of my readers also run websites and blogs of their own so I think this might be...
View ArticleMar 15, The Wealth Creation "Secrets" of the Richest 1%
Is there such a thing as “wealth creation secrets” at the top 1%? I read an interesting article about the wealth distribution in the US. It’s not just where the wealth is at but more about how at the...
View ArticleApr 19, Using Lines of Credit for Buying Real Estate - When to Refinance...
Question?... I have a secured credit line of one million dollars. Through this credit line real estate was purchased and the entire credit line was used.
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Jun 4, Bob Parsons® 16 Rules for Success in Business and Life in General
These are pretty popular but I am sure there are some of you out there that have not seen them or it might just be helpful to read them again. In case you are not familiar, Bob Parson is the founder...
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Jun 28, Dealing With the Uncertainty of Entrepreneurship
You have probably heard the saying “Be careful what you wish for, you just might get it…” Well I did and I have. I longed wished to be on my own, run my own show, have my own business, call my own...
View ArticleJul 5, Getting Started with Flipping Houses
Hi my name is Austin and I'm 19 years old and would love to do house flipping for a living my dad and I did one house a few years ago. we learned a lot
View ArticleAug 8, Rental Agreement - First Time Landlord
Do you have any examples of rental contracts that you use for your properties? I'm looking into my first rental property and would appreciate some direction
View ArticleAug 18, HVAC Inspection question
How / can a furnace be inspected / tested when the gas to the residence is shut off?
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Aug 23, House Flipping Tips : Hiring Contractors
Hiring the RIGHT contractors is a critical part of the house flipping business. The following tips are based on what we have learned from our flips and dealing with dozens of contractors. When...
View ArticleMar 7, Going From Debt to Wealth by Focusing on Wealth
To many people the phrase debt to wealth sounds like nothing more than wishful thinking. You may think that turning debt into wealth might just not be possible because you cannot even fathom how to get...
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Nov 29, How to Rent a House - Tenant Turnover in Rental House #1
After a very long tenancy my tenants in rental house #1 had to move. I was truly sorry to see them go, not just because of the vacancy factor but because they were good people, we got along well, they...
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Jan 7, A Year of Entrepreneurship
Wow, what a year!As I write this I have no doubt that 2014 will go down as the hardest year of my life, period.That is saying a lot, I know. Hard to quantify too. But the challenges that I faced this...
View ArticleJun 7, Millionaires Who Are Frugal When They Don’t Have to Be
Came across this article on The New York Times about the non-assuming and surprising lifestyle of actual millionaires (not appearance millionaires). I am not surprised at all of reading this. I written...
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Jun 13, Simple Net Worth Calculation
Your net worth calculation can help you measure your financial well-being. By knowing what your net worth is right now and then tracking it over time you can measure the progress you make as you build...
View ArticleDec 4, Wealth
I would like to thank you for sharing priceless,valuable information on wealth. I am a aambitious women of God who desires to own real estate property.
View ArticleAug 13, Finding distressed properties
What tools do you use for finding distressed properties? LUIS COMMENTS... More than tools it's about resources and many times people. You can use
View ArticleAug 13, Marketing and finding properties to flip?
I'm interested to hear how you best utilize your time with your marketing and what avenues you use to find your properties to flip as far as marketing
View ArticleDec 3, Business Structure for Flipping Houses
What business structure S corp or LLC do you use to buy and flip houses? Also, how can I reduce taxes if I am working full time with a high salary? Thanks!
View ArticleDec 3, 10 Ways Your Job Makes it Hard to Build Wealth
It's not that you can't build wealth with a job but by understanding what might be keeping you behind you can do something about it...
View ArticleJan 30, How much money do i need to start flipping !
how much money do i need in my bank account to get started flipping ? LM says: Allen, without you providing more details it's just not possible for
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