Can luck play a part in retirement?
In speaking to one of my neighbors, a retired dentist I’ll call Edwin, I asked how he planned for retirement. The answer appeared haphazard. Edwin is 92 and has been retired for about 20 years.
Back in 1960, when he was about age 38, a friend of his had built a couple of apartment buildings in the Palms area of Los Angeles. He offered Edwin the chance to own half of the next 7 unit building he was constructing for a $6000 investment. To a young dentist raising a family that was a lot of money. But Edwin was able to borrow $6000 against his life insurance and made the investment. While it didn’t pay much for the first 10 years, the profit did grow. By the 1970’s Edwin was receiving about $1000 per month. Now… the building is paid off it is generating about $4000 per month profit at this point. Continue reading Edwin, lucky retirement picture
I am always excited to share with you some great resources to help you succeed in all areas of your life, not just real estate and finance.
So I am really excited to share with you a cool event that I’m participating in with other amazing coaches, authors and speakers where we are providing you some of our best tools and techniques, for free!
Get Your Year in Gear Giveaway Continue reading Two dozen free gifts
In a recent Los Angeles Times column (Sunday, February 15, 2015) someone wrote into Liz Weston about how she applied for a store credit card six months earlier, and apparently the creditor input the wrong address from her application.
When she called the store to make her first payment, she was told she needed to wait until her card arrived and had her account number before she could make a payment. But due to the wrong address the card and later statements never showed up and it was referred to collection.
She wanted to know what grounds she had to dispute this. Continue reading Bad Address Creates Credit Score Problem