The Newbie Investors

Because life's complicated enough

Tips For Millennials Interested in Real Estate

There are more ways than one when it comes to investing in real estate and many people are taking different routes depending on their job, credit score, financial history, etc. However, there are always some key principles that every investor should follow no matter what path they take. This will be especially crucial when they are new to investing.

Below you will find a few ways that you can start preparing for your first real estate investment.  Continue reading “Tips For Millennials Interested in Real Estate”

Don’t Know Where to Start as a Newbie Investor? Check This Out!

Hi Everyone,

Sorry for the lack of posting of late. I’ve been pretty occupied with the online sales I’m doing and I also just got my real estate license! Now don’t worry. I didn’t just start in real estate. I’ve already been versed in the areas of home loans, remodel/construction and buy/hold opportunities. So feel free to reach out with any questions. Continue reading “Don’t Know Where to Start as a Newbie Investor? Check This Out!”

5 Money Mistakes Hurting Your Net Worth

We measure ourselves against our peers, probably in more ways than we can count. However comparing each other financially seems to stick out among the rest, whether it be cars, houses, vacations, you name it.

It’s unbelievably easy to make one’s life look amazing through the power of social media, and it can really create a distorted reality for young folks such as us to chase. Continue reading “5 Money Mistakes Hurting Your Net Worth”

The 7 Essential Lessons You Must Learn About Money and Life

Over the past few months, since I’ve created this site I’ve talked about various things about budgeting, traveling, life tips and overall smartness to creating a secure financial future.

In order to do that I’ve held on to a few key ideas as to how I believe we can achieve this.

  1. You can create financial independence: the ability to quit trading your time for money because your investments cover all your necessary expenses.
  2. Your financial independence comes from your passive income.
  3. To build this passive income you first need to create a gap of what your earn and what you spend. Your job is straightforward: build the gap, invest it, repeat.

Once you reach financial independence, your options are endless. No more working in a crappy cubicle, punching a time clock or spending time with irritating clients. You can spend more time with family, friends and have an ability to run your own life.

Below you will find a list of 7 things that I believe will help you step closer to financial independence.

1. The Best Thing Money Buys is Time

You can choose to spend your money however you’d like, however, I recommend you spend money buying our most precious asset: Time.

Time is our equalizer. Everyone gets 168 hours per week. Nobody (besides maybe Hermione and her time-tuner pendant) can change this. Our time no matter how far away it may seem has an expiration date.

Money, on the other hand, is essentially unlimited. If we lose it, spend it, or let it slip away, we can always make more.

To put this simply, this means you shouldn’t be an extreme cheapskate unless it’s absolutely necessary. Don’t waste your Saturday visiting multiple malls or grocery stores just to get those special buy-one-get-one deals. Spend that extra $30 buying all your gifts and food in one spot so you can devote those extra two hours to enjoying a nice lunch or dinner with your friends and family. Don’t waste hours clipping coupons or washing reusable Ziploc bags when you can put that time towards spending an hour playing football with your kids.

2. Rebel Against The Norm

It’s interesting how our society works and their expectations on how we should spend our money.

If we spend $10,000 on a brand new car, nobody asks how you could afford it or tell you how lucky you are.

However, if we flip this around and say we spent the same $10,000 taking a trip across Europe eating amazing food and taking in scenic sites they look at us with raised eyebrows. They suddenly assume you’re filthy rich or are now up to our eyeballs in credit card debt. Nobody seems quite content with simply saying you hustled hard and spent wayyyy less than I earned.

If we buy a house for ourselves, nobody questions our purchase or automatically assumes we’re loaded. Switch this around and say we bought an investment property, this will raise more eyebrows.

“Where did you get that kind of money?” ” Are you some fancy investor?”

We’re spending the same amount of money but we’re buying different things. They bought a nice house, we bought a nice investment.

Society deems this weird. They’ll raise eyebrows, question you and make assumptions.

But it’s okay! You’re part of a rebellion remember? Your goal is to separate yourself from the pack. Otherwise, you’ll spend the same way everyone else does, carry the same debt they do and work til they’re 70 wondering where life went. Is this all there is?

You deserve better!

3. Money Buys Choices, Not Stuff

It’s easy to make statements like “money doesn’t matter”, “money isn’t everything”, or “I’d rather be happy than rich.”

Those sentiments, however, are quite frankly baffling. Why do most people work 8+ hours a day only to claim money doesn’t matter? Clearly, it does, which is why most people wake up every day to an alarm.

Want to switch jobs? Let one parent stay-at-home? Move to the beach? You’ll need cash.

I’m not saying you need millions. But you’ll need some money. Money brings you mobility and opportunity – which are far more valuable than big-screen TVs and random gadgets.

Money (in sufficient quantity) gives you the freedom to quit your job if you choose. Once you have enough investments, you’ll decide exactly how you spend each day. You can choose to keep working if that’s your calling. Or you could choose to stop. Your decision is entirely in your hands, and “How can I buy groceries?” isn’t a question that enters the picture. You’ve already conquered that part. You’re exercising choice.

That’s why money matters.

4. You Can Afford Anything, Just Not Everything

Don’t tell me what your values are. Show me how you spend your money, and I’ll know what you value.

I don’t want to hear you “can’t afford to save money, travel or invest if you’re simultaneously buying nice clothes and eating out every night.

Now I’m not saying there’s anything wrong with this, but don’t claim that bigger goals are out of reach. Don’t utter the self-defeating phrase of “I can’t afford it”. It sounds weak. It’s disempowering. It’s a limiting belief.

Instead ask yourself how you can afford everything in your life whether it be your new iPad, your new-ish car or restaurant habit.

There’s nothing wrong with enjoying these things, the problem only emerges when you adopt these values and tell me at the same time you can’t afford something else.

5. Try to Have No Budget

Even though I blog about finance, I don’t have a detailed budget. In fact, I think budgets are boring, restrictive and tedious. And that’s okay, I can with this tendency.

That’s why I practice having no budget and follow this one simple concept.

  • Pick a savings rate
  • Save said savings rate first
  • Relax about the rest

With this ideology, you don’t need to worry about how much you’re spending on your toilet paper or shampoo. Just pull your savings from your earnings first and live on whatever is leftover guilt-free.

How do you handle the leftovers? First, pay your essentials like bills and then treat yourself to whatever luxury you want. You saved first. The rest is yours to enjoy.

Simple right?

6. Retire Early and Often

Whoever came up with the work then retire model clearly didn’t think things through very well. Workers feel tired and frazzled and retirees can often feel restless and bored.

We all know what the traditional retirement looks like.

Early retirement as seen below is better, but it also has flaws.

I think a different approach is necessary and that it’s better to sprinkle mini-retirements throughout your life, while on the road to an early retirement.

Work/life isn’t a marathon. It’s a series of sprints. I believe in creating a model where life is based around sprinting, strolling, rinsing and repeat. Work hard for awhile, then rest and repeat.

Don’t just retire once, Retire constantly. These mini-retirements can last from as little as two weeks to a couple years.

By taking these mini-retirements it allows us to relax, rejuvenate and truly enjoy our time as we age. Life shouldn’t be a rat race to get to the finish. Our time will come faster than we know it. Understand that saving for retirement is no easy task. It is easily a decade+ long project and you’ll need to break for some mini-vacations along the way.

7. Press the Start Button

My final thought for today? Start. Choose an action, no matter how small that you can start today. Great accomplishments and victories are the result of marginal gains compounding over time.

Start now.

Good Luck, Newbies


Is it Possible to Have Interesting, Lucrative Work?

“I would like to improve my finances, but I don’t want to be a cheapskate, and I don’t know how to earn more.”

“I guess I could get a side job, but I don’t want to mow lawns or wait tables. I barely have time for myself, I don’t have time to start a side business.”

What Should I Do?

First of all, don’t dismiss frugality. There are some blogs that will take things too far. You don’t need to unscrew a light bulb to save a couple cents or wear clothes while showering to avoid the cost of laundry. That’s just not practical. Nobody creates wealth by skimping on their laundry soap.

Normal frugality is fine, but avoid fake frugality: saving pennies here and there is cool, but at what cost to your time and sanity? Is it really worth it?

I’m not just talking about the money in the bank, but also your mental wallet. When your mind is consumed with penny-pinching, you overlook thousands of dollar saving opportunities; things like lowering your insurance premiums, finding low-fee investments or refinancing your house.

And yet –

If you really wanted to, you can afford anything, but not everything. I’m willing to bet you hold expenses that, if you’re honest with yourself, don’t reflect your priorities.

How do you know where you stand?

Convert things into hours and ask yourself if it’s worth the trade-off.

  • Fancy dinner = two extra hours in a cubicle?
  • Shopping obsession = 10 workdays a year?
  • A new car vs. a used car = __ months of your life?

Once you frame purchases into this sort of context, it becomes easier to save. Saving doesn’t have to be hard, just rework how you make decisions as time vs. money and your habits will start to change.

But now, let’s get to the good stuff.

How Do I Get Interesting, Lucrative Work?

I agree you shouldn’t be mowing lawns or cleaning out garages if your time is worth more than $15 an hour. However “hustle” is not for a “summer job”. You can create a side business that plays to your strengths.

Imagine you work 10 hours per week at a side project. You might choose 6 – 8 pm, five days a week, and enjoy weekends off. Or you might choose to work from 10 am – 2 pm on weekends, while enjoying your evenings.

If you earn $30 an hour, you’re pulling in more than $15,000 per year.

But I get it:

You’re busy, tired and don’t know where to begin. Who has time for that anyways?

I’m Too Busy…

Really? Who isn’t busy.

1. Cut the Crap

How often do you check Facebook? Watch TV? Scroll through Instagram or send a few Snapchats?

It baffles me when people claim they “don’t have time to hustle” yet they can tell me last week’s sports scores or indulge me in the latest movie. You have time for anything, but you don’t have time for everything. Every moment is a trade-off.

2. Work in the Margins

You might not have a huge chunk of time to do something, but you do have small increments. Whether it’s 10 minutes here, or 30 minutes there, that’s enough to make a huge dent throughout the day.

3. Adjust your Bedtime

Wake up 30 minutes earlier than usual and go to bed thirty minutes later. Just this one change gives you an extra hour, and I bet you could create another if you stopped watching TV or scrolling mindlessly through social media. If 30 minutes is too drastic, start with 15/15. This will eventually get you into a habit.

I Don’t Know Where to Start

People often get stuck on the idea that they need a world changing idea, the next Google or Apple. But you don’t, you only need to fill a need.

Your side business should possess three specific qualities:

  1. Home-based. You don’t want to make another commute
  2. Flexible. You don’t want to commit to working specific hours
  3. Lucrative. If you make $60,000 in a regular job, you earn nearly $30/hour, it’s reasonable that you’d want at least that from your side hustle as well.

Next – don’t ask “what should I do?”

Ask “whom can I help?”

Once you define a certain skillset you have, whether it’s helping small business owners with their social media, or helping food bloggers land more interviews. Find people who meet this description and ask about their needs. Test every assumption. Don’t tell them what they need, but ask how you can help. You’re not selling anything at this point. You’re listening.

After you’ve listened to your target customers, you’ll understand their most pressing concerns and can now develop the skills needed to solve those problems.

How can you develop these skills? Read books and blogs. Listen to podcasts. Find an introductory client and work for a steep discount while you learn on-the-job.

Once you’ve developed these skills, network online. Read the same websites as your target customer; chat in the same forums. Provide value without being sale-sy, while letting it be known that you offer such-and-such services.

It may be slow in the beginning. It might take 3 or 4 months to land the first client. But every 30 minutes of focused effort is a snowflake, accumulating over time. You’ll start turning away work; your plate will be too full.

Bottom Line

It’s simple. It’s not easy, but it’s simple.

Good Luck, Newbies

Treat Yo’self…?

We have all had those days, and what do we often do to make ourselves better? How about convincing your brain you need to “treat yourself”? However, even though we tell ourselves it’ll just be that one time, we all know that it’s never just this once. Continue reading “Treat Yo’self…?”

How Much Home Can I Afford?

Home buying can be a scary thing, and it’s no easy task in today’s market. While nobody ever thinks they will fall victim to being house poor, it does happen to some. Therefore, when asking yourself “how much home can I actually afford” it’s best to think about ALL the possible expenses that go into homeownership. Continue reading “How Much Home Can I Afford?”

Spend Your Money Like A Millionaire

Did I peak your interest? I can see you shaking your head over there. Hear me out though and learn more about the habits of millionaires! Continue reading “Spend Your Money Like A Millionaire”

Empty Wallet? Blame Retail Sales Tricks

Retail sales tricks are utilized all throughout the year and knowing the various ways retailers do this will help keep more money in your pocket. Continue reading “Empty Wallet? Blame Retail Sales Tricks”

Birthday Freebies You Can’t Afford To Miss!

Pretty soon I will be turning the big 2 5, scary right? Soon I will have tons of emails flooding my inbox with all kinds of birthday freebies. I love free birthday stuff, and I’m sure you do too!

Continue reading “Birthday Freebies You Can’t Afford To Miss!”

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