(piling up books to deliver reviews!)
(piling up books to deliver reviews!)
Holding a PhD on Applied Mathematics, being type A personality and a little OCD, I typically estimate things very accurately and thoroughly (sometimes too much!). Turns out that I messed up big this time.
I am very proud of RP#3 – it will generate a 50% Cash on Cash return and I will add 6 units to my portfolio. This would not be very surprising if we weren’t talking about a <50k property…
When I bought it, I knew right away that I would have to spend serious dollars towards renovating it. However, I did underestimate what I was going to spend…
Recently, my laptop got hacked! As I use my laptop to access my bank accounts, online brokers and what not from it, I freaked out. After the adrenaline rush, I started to think of ways to get myself some extra security.
Bank accounts are naturally protected – people cannot really transfer money from their accounts without having another key (other than the password on the online platform) or confirming a code provided via SMS. This is called “two-step verification”. The principle is simple: in order to access one of your accounts, you must use something you know (such as your password) and something you have (such as your cell).
Other accounts (e.g. email) only rely on a single password (…that many people often re–use among all their accounts).
My dear dudes,
As promised, I will start to release reports on my online income. I won’t necessarily release one every month, as I will only release one if I make least $500 that month. As for December 2016, I’ve hit $1000, so it is actually ideal to start my reports on online income. I am projecting to do $20k on online income alone, during 2017. I think that online income may become a cornerstone of my Early Retirement!
My dear dudes,
After my reflection on 2016, it is time to clearly and realistically define my goals for 2017.
I am working towards 2017 being one of the most productive years of my life. I want to work mostly on 4 different angles: my finances, my self-development, my health, and of course, my blog. So, without further due, where we go…
My dear dudes,
Many thanks for sticking around during 2016, subscribing the blog, sending me supporting messages and opportunities to do business together. I am very happy that I revitalized this blog and put our community together. I’ve received a lot from you guys, and 2017 will be an explosive year. First, I hope that our recently created Facebook page continues to grow, as I think it is a great way to deliver news first-hand. Second, I will add a lot of summaries and reviews on the Books page (probably in chunks of 2/3). Third, I will finally publish my own book and exclusive articles on how to do some extra income, online. This post aims to do a reflection of 2016.
I started Fromcentstoretirement.com in March 2016 and this has been a truly amazing journey. I engaged with awesome thinking-alike people, was provided with multiple opportunities and the blog has helped me tremendously in keeping disciplined with my finances, looking for new income opportunities and keep updated regarding the world markets.
This page will teach you the most important stuff I’ve learned after blogging as a pro (despite I haven’t made that much money with the blog…) for 9 months. This is BS-free, direct information you can apply right away. Here we go:
I personally think that the best way to create a business today is by providing high value to people. Give them what they want. Yet, many businesses are still focused on spamming people, squeezing costs and improving margins, in the hopes that they sell a lot. Honestly, sounds wrong to me; I’d rather focus on delivering what people want and make them happy, creating recurrent costumers that will stick with the brand for years.
The vast majority of blogs out there are not businesses. Take my own example: even though I try to monetize my blog, I don’t really blog for money. I blog to keep myself motivated, to engage with people, to improve myself and to have people reading what I write and extracting value from it. I am a true believer of karma. Give so you can receive. That is why I intend to assemble one of the biggest online collection of summaries and reviews of books on personal finances (see it here, if you haven’t yet).
Book: Rich Dad Poor Dad
Rank: 10/10
Summary : here
In the book Rich Dad Poor Dad, Robert Kiyosaki introduces several simple, yet profound concepts pertaining to personal finances and how to manage them. The book is very digestible and covers a lot of aspects of personal finances for its relatively short size. It took me about 5 days to read the book, part-time. The book is great at showing the difference between the rich and the poor, even though it doesn’t describe a profile for the poor and the rich. Using its own experience, Robert Kiyosaki explains the advice he got from his dad and his friend’s dad (called rich dad in the book), and how it went on to influence his life.
The chapters are very well balanced and present a crucial idea, each of which was introduced by the rich dad.
These ideas are: 1) be financially educated, presenting mistakes that people commonly fall into, when they are not financially educated, 2) the importance of having a business apart from a regular job, and how that is crucial in the process of building wealth, 3) examples how deep value deals can be arranged and how the rich reach them, 4) how money can work for people rather than people working for money and 5) what obstacles there are to build wealth. Overall, I relate to Robert Kiyosaki’s story and second most of his claims.
I personally recommend this book to everyone who wants to learn fundamental aspects of personal finances and managing finances in general, as well as people who want to know what to do to start building wealth.
See more books, reviews and summaries here!