Painful Financial Mistakes – Part 1

 

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There’s valuable stuff in hearing about people’s mistakes. So I thought I’d share some of the painful financial mistakes that have stuck with me. This will be a two-part post, and I’ll share Part 2 later this week.

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Reading Recap: The Book on Real Estate Investing With No (and Low) Money Down

**Last week, non-subscribers missed out on my Paycheck Breakdown via my weekly email digest. This week, the email digest will include my complete Spending Breakdown. Sorry, I’m just not ready to post that info on the interwebs.

I finished listening to the audio version of The Book on Real Estate Investing With No (and Low) Money Down on Audible, so I thought I’d give you a quick re-cap of the book in case you were interested in learning the basics of real estate investing and didn’t know which books were solid starting points.

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Am I a Rich Dad or a Poor Dad?

I watched my daughter walk through their house, in awe.

“Daddy, she has TWO rooms! Daddy, this room has a trampoline in it!”

Here’s the trampoline we’re talking about. I don’t think the kid, staring into your soul, comes with it. I would have guessed they were closer to $150, but we just wouldn’t have the space for something like this inside our house.

I avoided eye contact with Dave, a best friend of mine since high school. I had just realized for the first time that:

Some day, Daughter_01 will think that we are poor.

Some day, she’ll think that people like Dave are rich, and maybe she’ll even feel some shame about our “plight.”

For now, she’s 3.5, and she couldn’t care less. Still, what about when she’s older?

Continue reading “Am I a Rich Dad or a Poor Dad?”