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Aunty is a new senior citizen and loving this phase of her life. Less responsibilities, less fear of being weird, able to do more of the things that I want to do! Older, yes, slower, yes, but life is even more wonderful in my golden years and I look forward to even goldener ones.

Number of Entries : 371


The #1 response I hear that hold people back from investing is, "But I don't have any money!"  Robert Kiyosaki says money is a tool.  Can you agree with that?  If you can, then what would you do if you needed to do a job and you didn't have the right tools to accomplish that job?  You find a way to get it so you can do the job.  Same as money.  Find a way to get it (legally). We all have unique situations a ...

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Taxes and the IRS

There is a saying that 2 inevitables in life are death and taxes.  If that is so, it is just man's nature to try their darnedest to avoid either. I don't want to die (yet), but when the end comes, I go.  Regarding taxes, believe it or not, I don't mind paying.  If I benefit from the roads, bureaucracy order, police, firemen, post office, clean air and water regulations, freedom of choice, democracy, etc, et ...

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Find your Focus

I have read or tried a lot of excellent techniques on time management, setting goals, achieving greatness, etc.  I start off in one direction, then get side tracked and move in another direction, and many times at the end of the day/week/month, I haven't done much.  My problem was too much of everything. Having too many wants, passions, concerns, goals, techniques will pull you in too many directions and yo ...

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Why LLCs?

Here are notes that I took during a Michael Bowman (favorite attorney) did for BOSS Business Services/Anderson Business Advisors. I use Michael to form the LLCs for me in Nevada.  I have filed for our own LLCs in Hawaii via the Hawaii State website.  LLC renewals in Hawaii are only $12.50/year.  LLC renewals in Nevada are $400+.  So why do I even have Nevada LLCs?  Because currently, our rental income prope ...

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Legal Entities

I take a LOT of classes, read a lot of books (audio books are fantastic and I sometimes pop them into my car while driving long distances), and learn as much as I can as well as I can in our quest to become financially free as risk free as possible.  Legal entities are a must.  You might never be a victim of a lawsuit or an IRS audit, but if you ever are, you will be glad you set up your business/investment ...

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Mortgage acceleration payoff programs – some caveats

Do NOT waste $3000 on the Money Merge Account program from United First Financial to eliminate your mortgage in a few years.  It is cumbersome, time consuming, and limited.  All their hype about algorithms and such with the juggling of at least 2 accounts is easier achieved with chunk payments.  [This company has changed their name to "Worth Unlimited" - same players, same game.   Mahalo to Joe Taxpayer for ...

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Due on Sale Clause – when transferring title

I have been to several seminars - and the #1 problem investors have run into lately is the lack of being able to secure traditional financing from the banks. Phill Grove's AMPS or MAPS program seems like an excellent program.  Basically it "marries" people who have homes they cannot sell because they are underwater with their loans, with people who are unable to secure loans to buy their own home.  The new ...

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Dealer status – AVOID!

Here are a few articles/information/links about dealer status in real estate.  This is a very long page, with full articles from Greg Boots, Randy Swad, Michael Hauser, and Richard Frunzi, all of them licensed and very smart attorneys on the subject. Please take some time to read each article so that a clearer picture emerges as to the proper, proven, and legal way to structure your business to avoid the dr ...

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Return on Equity – brilliant!

I first heard the term "return on equity" or "ROE" from Paul Xavier of HiREI - our local real estate investor club here in Hawaii - a few months ago.  It struck me like a bolt of lightning - a new way of looking at what makes the best financial sense - and then, like a flash, the impact of it began to fade.  In other words, Aunty forgot about it. At last night's HiREI meeting, Paul lead an open forum type o ...

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Ozzie Jurock on investing

Here is a summary of Raymond Aaron's interview with Ozzie Jurock.  Ozzie Jurock is a great international teacher that has built up his own investment portfolio of real estate.  He is an investor adviser with a LOT of great credentials.  I suggest you listen to it yourself, but if not, here are my aunty notes: Real estate empowers you to have passive income. Find out who you are.  Shark (grave dancer, going ...

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