« Are Credit Card Rewards Really Saving You Money? | Main | Got Bad Credit, Want to Fix it? »
October 21, 2006
A Story of Success
In the last 6 years I have managed to build an online business despite all the nay-sayers and propel myself to a point where my financial decisions have become very different.
Six years ago my concern was about holding on to the house. It was an average Joe house with 3 bedrooms. Ya know the typical living room, dining room, kitchen and 3 bedrooms on the main floor. The lower level was recreation room and laundry room. The house was basically average and was what many "worker bees" strive for.
Well, after starting my own business I have been able to afford a 4 bedroom, 3 level house with an amazing view. And...Are you ready for this...Rolling the clock forward to the "here and now
" I am faced with the problem of tyring to buy my second house.
No, I am not talking about selling this house and buying another, I am talking about buying and owning 2 houses based on my internet business income.
The thoughts have changed from:
"How am I going to afford this single house"
to...
"How much can I get tenants to pay for one of my houses"
Why am I telling you about this?
I am telling you this because I was once in your shoes. I was a guy trying to make a life for my family and do what it took to pay the bills and trying my hardest to figure out a way to hang on to a house.
Now I am trying to figure out how to maximize my income from a rental property. I am looking to maximize a positive cash flow from a rental property and how to best leverage the equity in each house to buy more houses or make other investments.
I am in the process of developing a mentorship program to bring others to my world and have the same kind of money problems I do.
The money problem I have is what most people aspire to, that is the problem of having too much money and trying to figure out how to best leverage that money to make more while not paying excess in taxes (there are steps you can take to minimize taxes and minimize them legally).
OK...I must get back to documenting my exact steps to success so that I can share them with you. Heck, if we were all financially free the world would likely have a very different and positive look and feel dontcha think :-)
Trackback Pings
TrackBack URL for this entry:
http://www.crediteria.com/cgi-bin/mt/mt-t.cgi/133
Comments
Colin,
You have made such an amazing difference in my life with the information about money.
I thank you from the bottom of my heart for helping me get my home finances in order and I am now making plans to get some of my ideas for a business going.
You are the best!!!
Posted by: John Zadowsky | October 28, 2006 02:23 AM