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Money Management for Travelers

Do you want to travel the world? Quit your job and be a digital nomad? Or do you want to retire early in some far off land? No matter what your travel goals are, you need a financial plan. You don't need to be a broke college student to travel. Check out our money management tips for travelers.
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Morris Invest
a house with the words what the fed's interest rate cut means for real estate inventors
Fed’s Drastic Rate Cut Drives Investors to Buy Before Housing Prices Surge
On Wednesday, The Federal Reserve made a significant move to lower its benchmark interest rate by 0.50 percentage points, or double the usual 0.25 percentage point cut. The move, approved by 11 out of 12 Fed voters, lowers the benchmark rate to a range between 4.75% and 5%, down from the previous range of 5.25% to 5.5%.
a house with the words how can i access the equity in my rental property?
How Can I Access the Equity in My Rental Property?
Since HELOCs can be difficult to find on an investment property, what’s the best way to access the equity on a rental? In what scenarios would a cash out refinance be a better option? That’s the first question I’m answering on today’s show!
When Natali and I first read Profit First by Mike Michalowicz, it totally transformed our business! Profit First is a simple and effective formula designed to help businesses stake claim on their income by prioritizing profit above sales and expenses. The system operates as a means to allocate money appropriately so that the business not only runs smoothly, but so the business owner is paid.
How to Implement Profit First in Your Real Estate Investing Business
When Natali and I first read Profit First by Mike Michalowicz, it totally transformed our business! Profit First is a simple and effective formula designed to help businesses stake claim on their income by prioritizing profit above sales and expenses. The system operates as a means to allocate money appropriately so that the business not only runs smoothly, but so the business owner is paid.
A real estate valuation is essential for property investors, home buyers, sellers, and others. Why is this the case? Because they ensure buyers don’t overpay, sellers are not undersold, lenders are provided with the information needed to approve loans, real estate court disputes are settled fairly, and much more. Also, although properties in an area may be similar, there are many factors that can set them apart financially, and that’s when a property valuation is needed to generate the true value of a piece of real estate.
Real Estate Valuation – Methods for Determining a Property’s Worth
A real estate valuation is essential for property investors, home buyers, sellers, and others. Why is this the case? Because they ensure buyers don’t overpay, sellers are not undersold, lenders are provided with the information needed to approve loans, real estate court disputes are settled fairly, and much more. Also, although properties in an area may be similar, there are many factors that can set them apart financially, and that’s when a property valuation is needed to generate the true value of a piece of real estate.
Did you know that there’s one thing that will dictate your success in real estate investing more than any other factor? It’s not your finances or your credit score. It’s your mindset that will determine your outcomes. The good news is: is it’s absolutely free to change your mindset.
These Mindset Shifts Could Make You Rich
Did you know that there’s one thing that will dictate your success in real estate investing more than any other factor? It’s not your finances or your credit score. It’s your mindset that will determine your outcomes. The good news is: is it’s absolutely free to change your mindset.
If you take real estate investing seriously, you’ll want to conduct your venture as a business. Doing so makes your investing more profitable, more organized, and more successful! I recommend setting up a business in order to reap all the benefits of being a business owner.
The Basic Foundation of a Real Estate Investing Business
If you take real estate investing seriously, you’ll want to conduct your venture as a business. Doing so makes your investing more profitable, more organized, and more successful! I recommend setting up a business in order to reap all the benefits of being a business owner.
three small houses sitting on top of stacks of coins with the words should i use cash or finance to invest?
Should I Use Cash or Financing to Invest?
Should you use your cash reserves to buy real estate, or is it a better strategy to use bank financing? And which method offers better tax benefits? That’s the first question I’m answering on today’s show!
an open laptop computer sitting on top of a wooden table next to a window with the words 60 useful resources for digital nomads
Homemade Muesli
Hello Fashion
Disaster Preparedness
Spinach Leaves
Mixed Nuts
Fat Reduction
Work Gloves
Weight Reduction
Digital Nomad
60 Useful Resources for Digital Nomads
60 digital nomad resources that will help you work while travelling including gear, apps, software, websites and books.
I’ve been to quite a few meetup groups over the years where I ran into new investors who have asked, “Do vacancy rates matter in real estate investing?”. I was always happy to fill them in on the specifics of vacancy rates, because, the truth is, they can make or break your investment career. The bottom line is that no matter how perfect your investment strategy seems, a high vacancy rate will wipe out your game plan, along with your ROI.
Do Vacancy Rates Matter in Real Estate Investing?
I’ve been to quite a few meetup groups over the years where I ran into new investors who have asked, “Do vacancy rates matter in real estate investing?”. I was always happy to fill them in on the specifics of vacancy rates, because, the truth is, they can make or break your investment career. The bottom line is that no matter how perfect your investment strategy seems, a high vacancy rate will wipe out your game plan, along with your ROI.
a glass filled with money sitting on top of a wooden table next to a plant
4 Smart Investments You Can Make in 2024
On today’s show, I’m sharing four smart investments you can make to start building your net worth. I believe there’s a strategy in this list that can work for everyone. Click play to learn more on this episode of Investing in Real Estate!
three wooden blocks with the words how much profits can a real estate business make?
How Much Profit Should You Make On A Rental Property?
When you are evaluating cash flow on a property, you must assure that your rental income will cover all expenses such as taxes, insurance, property management, and any debt you take out on the property. After you subtract those expenses, what is left over for you is your profit. Generally, a profit of at least $100 from each rental property is considered a worthwhile return on investment.
tools and wrenches with the words 6 expensive rental upgrades that are worth the money
6 Expensive Rental Upgrades That Are Worth the Money
When we’re talking about renovating a rental property, I’m usually recommending NOT to over upgrade the home. That being said, there are a few items that are worth the splurge! In this post, you’re going to learn all six!
stacks of gold coins with the words how can i protect my self against infotion?
How Can I Protect Myself Against Inflation?
On this encore episode of Investing in Real Estate, I’m taking three of your great questions about investing in times of inflation, paying back hard money loans for a fix and flip deal, and how to get started investing in stocks. I hope this episode brings you the insight and education you need to take the next step in your wealth building journey. Click play to hear my answers to your questions!
two people standing on top of a mountain with the text how to refire early step - by - step
How to Retire Early Step-by-Step
Your parents and grandparents probably lived by the idea of working hard at a 9-5 job, saving money inside traditional savings accounts and a 401k, and then enjoying the fruits of their labor at retirement. But so much has changed in our society in recent generations, and most people today are not seeing healthy retirement balances.
the hidden secrets to using a heloc
The Hidden Secrets to Successfully Using a HELOC
If you’re thinking about tapping into your home’s equity with a HELOC, or home equity line of credit, there are some things you should know. Some of the best strategies, tips, and tricks around using a HELOC are not well known.