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Archive for December, 2011


Why the U.S. was Downgraded…

“Why the U.S. was downgraded…

  • U.S. Tax revenue: $2,170,000,000,000
  • Fed budget: $3,820,000,000,000
  • New debt: $ 1,650,000,000,000
  • National debt: $14,271,000,000,000
  • Recent budget cuts: $ 38,500,000,000

Let’s now remove eight zeros and pretend it’s a household budget…

  • Annual family income: $21,700
  • Money the family spent: $38,200
  • New debt on the credit card: $16,500
  • Outstanding balance on the credit card: $142,710
  • Total budget cuts: $385 ” – Anonymous

Those glib, self-serving dip-wads in the Congress and Federal Government are killing us.  Thanks to Josh Mettle’s Blog for this enlightenment!



Robert Kiyosaki on Entrepreneurs

Entrepreneurs need to work 24/7 during the start-up phase, often working for free for months and even years. It's the number of hours worked for free that defines entrepreneurs and separates them from employees.

Robert Kiyosaki

MIDAS TOUCH – Why Some Entrepreneurs Get Rich and Why Most Don’t


Donald Trump on Entrepreneurs (Brutal!)

Most people would be entrepreneurs if winning were guaranteed. .... And that is the reason why most people don't become entrepreneurs. They simply fear failing more than they desire winning.

Donald Trump

MIDAS TOUCH – Why Some Entrepreneurs Get Rich and Why Most Don’t


How to get the gov’t to pay you $1,250 every month

gov't bucksHere’s a terrific article from Mark Ford in DailyWealth:

“Every month, the government deposits $1,250 into my bank account. But I’m not collecting Social Security. And I’m not talking about tax refunds or municipal bonds.

I’m talking about Section 8 housing.

Section 8 housing (officially Section 8 of the United States Housing Act of 1937) is the government program that helps about 3.1 million low-income families pay rent. It operates through several programs, the largest of which is the Housing Choice Voucher program. It was meant to pay for “a portion” of the rents and utilities of those in its care. But often, as you will see, payments are greater than competitive rental prices.

Here’s a real-life example…

Peter, my partner in local real estate ventures, recently bought a house in a working-class neighborhood. In 2008, the house sold for $500,000. Three years later, we bought it for $80,000 and renovated it for another $15,000. It’s a three-bedroom, two-bath house with a fenced-in yard, new appliances, and tile floors.

Instead of renting it on the open market, Peter offered it to the local Section 8 housing authorities. They found a young lady with three children to take it. She seems to be an upstanding citizen – she is clean and sober and holds down a steady job. Her only “issue” is that she’s had three kids from different men who don’t feel it’s their job to provide for their children.

The Section 8 people offered to pay us $1,500 a month for this property, which is about $300 more than it’s worth. After Peter and I cover the monthly expenses – the mortgage, maintenance, and taxes – we are netting more than 12% on our cash. That’s darn good money in today’s world. So there must be a catch, right?

I figured the catch would be…”

Read full article



Investors: Heads-up! It’s Time to Buy

homes for saleJust in case you’re not paying close attention… It’s time to buy!

Here’s some evidence:

Steve Sjuggerud’s Daily Wealth:  Those Fools… The Housing Bust is OVER

“In America, the bursting of the housing bubble isn’t halfway over. It’s COMPLETELY over.”

Steve Sjuggerud’s Daily Wealth:  You Don’t Believe My Housing Argument? Here’s Proof…

“Right now is the moment to make your deal. The time for extraordinary deals like this will pass… quicker than you think.”

Wall Street Journal:  It’s Time to Buy That House

“[W]hen mortgage rates are taken into consideration, houses are the most affordable they have been in decades.”  Now Might Be the Best Time Ever to Buy a Home

“[R]ents remain sky-high in the U.S. right now, and in many markets it’s actually cheaper to buy a home than rent a two-bedroom apartment.”

AG Beat:  The state of long term real estate investing – the perfect storm is here

“If you have the wherewithal to invest now, do it. Do it wisely, but do it now.”

JP Morgan Market Insights:  Housing: A Time To Buy

“[T]he numbers tell us it is a time to buy.”

Best Articles:  The Housing Bust is Over

“You may be surprised to hear it, but thanks to lower mortgage rates and lower home prices, homes are affordable… They’re just as affordable now as they were right before they boomed in the 2000s.”

I’ll be out inspecting property and making offers on January 2nd.  Hope to run into you! 🙂