 whammy in that case, and that’s how real wealth is being generated.
So, when we realized that, we started… We continued flipping, because there’s nothing wrong with flipping as long as you’re using it. As a matter of fact, our land flipping method, where you buy properties for 5 to 25 cents on the dollar is a perfect way to flip. Well, like if you can buy something for $2,000, everyone can afford it, nobody needs a loan for that. You take it in for 20, you sell it for… You take it in for $2,000, you sell it for $20,000, make an $18,000 profit. You do that 10, 20, 30 times a year, you’re making a load of money. And then what you do is, you take that money and you roll that over into two things. In your own education, because in order to then know about how to buy and hold houses, you’ve got to know about houses, so you’ve got to educate yourself, right. And then, you can even roll it in multi-family, which is the explanation of why we do those great things right now. We flip, actively, land, but we buy houses to hold, and we buy apartment complexes to hold for long-term, right, mid-term and long-term.
Because, when you do that, you have now, you’re going from an active income strategy to a long-term wealth strategy, right. Hope that makes sense, a long-term wealth strategy. And that’s what Kiyosaki mentions when he talks about Monopoly, take four little houses into a big hotel. Well, but he’s not exactly clear about it. He just, he talks about all these different ways. He talks about building passive cash flow, but really what he’s talking about is: Step one, learn how to flip. Step two, learn how to take the money that you invest in yourself, of course, then learn how to take the money that you make and roll that money over into long-term passive cash flow. And when you do that, of course, you also want to invest it, not in treasuries for 2% or in bonds for whatever they give these days, but instead, into assets that give you a 10, 15, 20% return, after-tax return, on your money, because when you do that, you’re actually playing in Warren Buffett territory. You know that? Everyone is like, all the stock market is talking about how nobody can beat Warren Buffett. You know what? You can beat Warren Buffett.
In real estate, by using modest leverage, by getting the deals after that you get below market, by getting deals for cash flow, the appreciation, tax benefits, when you take this all together, a very, very, on a consistent basis, every year pretty much, our returns rival those of Warren Buffett. Now, go figure. Are we geniuses? No. We’re following Robert Kiyosaki’s model, just that we tweaked it into land. We’re flipping land, and then we’re going and, actually, instead of financing land, we’re selling land with installment payments. Therefore, we’re creating cash flow from land, but even that cash flow is only temporary, right, and then we roll all that over and buy free and clear rental houses and buy apartment complexes with it.
That’s the true meaning of Robert Kiyosaki’s getting out of the rat race. When your passive income is above your active income, then you are financially free. And, by the way, when you play at Robert Kiyosaki’s game, cash flow, you often don’t have to be the highest earner to get out of the rat race. You don’t have to be the highest earner to get out of the rat race. You can literally get out of the rat race by keeping your expenses also low and just building that passive income. And you build that by creating cash, rolling cash into passive income, keeping your expenses low, and then keep running it. And the most thing that we spend on is our personal education, as well as our investments. That’s what we put our money into.
So, I hope that was useful as a clarification, as a guideline also, of what Kiyosaki really meant when he talked about that. And looking forward to your feedback, right. When you see that, we would love to get your five-star review off this podcast. The five-star reviews really, really help us, so make sure you go to iTunes, give us a five-star review. And then, other than that, we’ll see you in the next episode. Thank you. Bye-bye.
Narrator: Enjoyed this episode? Then make sure you like, subscribe, and post your comments and questions below the video. We’re looking forward to hearing from you.Algeria’s state-owned energy firm Sonatrach is setting up an oil and gas joint venture with two Egyptian national companies, its chief executive officer told Reuters on Saturday.
“We could invest around maybe USD15 billion but it is not settled yet,” Sonatrach CEO Mohamed Meziane said in an interview.
“We are in the way of preparing for the board meeting and the general assembly, which will decide on the amount and the policy of investment for the next year and five years coming,” he added.
Sonatrach will also meet on Sunday with Egyptian counterparts from state-owned firms Egyptian Natural Gas Holding Company (EGAS) and Egyptian General Petroleum Corporation (EGPC) to discuss setting up the USD10 million joint venture.
Sonatrach will hold a 50 percent stake in the new company, Selena, and the Egyptian companies will hold the remaining 50 percent.
“They will be in charge of exploration and production to find oil and gas in Egypt, Algeria and in third countries,” Meziane said.
Asked which other countries Selena would explore, Meziane said Selena was considering Africa and wherever opportunities arise.
The firm will alternate its presidency between Egypt and Algeria with offices in both countries.
“If the president is Algerian then the vice president will be Egyptian … and they will alternate every three or four years,” Meziane said.
Last time these two saw each other, things were perfect in their shared LA apartment. Now, they've both moved back to their hometowns, grown up a little bit, and have the opportunity to figure out why Tyler came home to an unexpectedly empty apartment way back when.
Julia and David's relationship dates all the way back to sophomore year in high school. Years of hostility later, Julia and David have trouble aligning on what actually happened between them.
Jissaura met Julian while she was still living with her ex in NYC after breaking up. They had an amazing date, but she assumed it wouldn't go anywhere further after she told him she was going to move back home until she could find an apartment of her own. After chatting 24/7, meeting his friends, and then committing to dating long distance, he disappeared.
After a spontaneous train ride into the city, Libby and Reid met up for pizza and it was love at first slice. From romantic kisses in the rain to tequila shots with new friends, you'd think this was a modern day rom-com. Flash forward to the week after: radio silence.
What's scarier than standing on stage performing, looking out, and not seeing the girl you've been dating for 5 months? Michael Yo and Sydnee Washington dive deep into what happened between Lindsey and Ben on Hinge's first episode of GHOST STORIES. Don't leave us on read, remember to rate, review and subscribe!
Michael Yo and Sydnee Washington give us a sneak peak of Hinge's new Podcast GHOST STORIES, launching on Halloween. Subscribe now because these stories will haunt you.preliminary cost estimate A cost estimate usually prepared when the first layouts...
final cost estimate An estimate developed from final or near-final construction...
construction cost estimate The probable costs of construction-related materials...
rough cost estimate An estimate usually prepared when an initial project budget...
estimated premium A premium based on an estimated exposure basis, such as sales...
The calculation of probable costs of all aspects of a facilities project, including construction, equipment and furniture, moving, installation, downtime, and other costs. See also construction cost estimate.Hi!
Hosted by Bewitching Books Tours, today the lovely Georgia Cates will Guest Blog today. She'll be talking her book Blood of Anteros, music and much more.
I’ve been asked countless times where I get my ideas. I am a huge music head, so a lot of the events between characters originate from music. There is rarely a time when I’m not listening to music and I have a huge playlist that plays the entire time I write.
My jams are my muse and anchor. When you read a “scene” with a highly charged emotion, odds are good there was a song that went along with it. When I hear an inspiring song, I listen to it over and over as I see the scene of the book playing out in my head, like a movie.
This is a limited Playlist for Blood of Anteros because you would find it ridiculous if I listed all of them. I have included the scene I associated with the particular song and hopefully, you will find some new favorites, along with a better understanding of events between Curry and Chansey.
1) Never Say Never- The Fray
As Curry is