In order for real estate to support you and create wealth during your lifetime, you have to focus on cash flow. For serious real estate investors, investing in income-producing properties is an excellent opportunity to build financial protection that can last a lifetime. It is a very simple strategy. With cash flow you survive and grow-----without it, you have constant worry about finances! Cash flow is simply: INCOME less EXPENSES
Here is an example of a Triplex in...Read More
My two kids are really blessed. They have involved parents who can provide for them without worry. They also have a small army of doting aunts and uncles, cousins and family friends that care deeply for them. With all of these relatives and friends that care for these kids, holidays and birthdays sometimes turn into an overwhelming cavalcade of gifts. Even outside of those events, people will sometimes pop in with gifts for the kids.
The challenge that we often face as parents through all of this is entitlement. How do we keep all of this from rounding a corner into a sense of material entitlement, one that will cause them to spend their lives, on some level, feeling that material abundance is normal and worth spending a great deal of money for? It’s a challenging issue.
What I do know is that a large portion of my sense of right and wrong came from my childhood experiences...Read More
If you have been reading my newsletters over the years you have probably noticed a recurring theme of “Financial freedom” in my messages. What financial independence means to me may have a different meaning to somebody else. Below is a list of what “Financial freedom” means to me.
Please go to my blog or Facebook page and let me know what it means to you.
What goes through your mind after you have received your credit card or mortgage statement?
Do you find yourself in the same financial rut over and over? Does history repeat itself? Our financial lives consist of patterns that are unlikely to change. This does not mean that our financial habits cannot change.
What we don’t realize is just how much of our lives are on autopilot. We cling to habits like our lives depend on them because there is comfort and power in the familiar and predictable. Habits comprise 95% of our behaviors and many of us do not even question our habits, regardless of proof suggesting that they do us harm. Here is why we must break bad financial habits. Read More
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Who is TWF?
The objective of the Thornhill Wealth Forum is to assemble like-minded people interested in wealth creation, to share, learn and prosper through knowledge sharing and networking. Our philosophy is to be supportive of the wealth of others. Share information on self-promotion or help a struggling entrepreneur…even share it with your competition