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  1. JustAskBenWhy

    People on FastLane Are Different!

    PEOPLE 
    More substance... When you throw a ball at the wall, you expect it to come back . If it doesn't, the game gets old in a hurry... Interestingly, the balls that are coming back at me here have a little spin on them which I didn't put in. It's fun...
  2. JustAskBenWhy

    What is the first step to independence?

    Learning is important, but not as important as learning the right thing. Knowledge is desirable, but the right type of knowledge is necessary... Be mindful of whom you learn from. Fortunately, this is a pretty good place to start :) P.S. I don't hesitate recommending MJ's book - it's honest...
  3. JustAskBenWhy

    People on FastLane Are Different!

    PEOPLE 
    Hahah - Tou-che' I've been on the inside, Jon - just not formally. I think you know this :)
  4. JustAskBenWhy

    People on FastLane Are Different!

    PEOPLE 
    The thing is - compared to how much could be said about life, real estate is just so limited...boring. I played the fiddle in my past life - now that was difficult. Real estate is easy; complex, but easy. I agree with you, Steve - I can talk real estate, and I've helped a lot of people. But - we...
  5. JustAskBenWhy

    People on FastLane Are Different!

    PEOPLE 
    I’d like to take a moment to share something interesting with you. Some of you may know that I sell a course for real estate investors called Cash Flow Freedom University – CFFU for short. I retail the course on my website. Ever since I joined the FastLane, only about 2 weeks ago, two people...
  6. JustAskBenWhy

    Introducing Myself

    INTRO 
    You and I are made of similar stuff, Russ. Although I admit that morally and emotionally you are farther along than I am, I am far enough along to know that the statement above constitutes the essence of winning the game of life itself - MY TIME IS NOW! We play the game like we have nothing to...
  7. JustAskBenWhy

    Real Estate Investors What Do You Think?

    REAL ESTATE 
    The problem with Cash Flow is two-fold: 1. It is no good unless it is stable, which is a function of higher quality of asset, and 2. It is no use unless there is a critical mass So, unless you do what I did, and continue to do, which is to buy higher quality assets, but find ways to finance...
  8. JustAskBenWhy

    how to handle your financial situation

    Whatever they are, they can be either off-set with paper losses, or 1031 exchanged :) And then there is the cost segregation, and leaving stuff behind at stepped up basis...
  9. JustAskBenWhy

    how to handle your financial situation

    Lower tax is money in your pockets...lol So - say you earn $100,000 @ 30% effective tax rate - your spendable CF is $70,000 but - if you earn $77,500 @ 10% effective rate - your spendable income is also $70,000 Several questions come about: 1. Is it easier to earn $70,000 or $100,000? Say...
  10. JustAskBenWhy

    How I spend $50 per MONTH on GROCERIES

    HOT! MINDSET 
    Dude - there's food and there's poison. Why would you put this shit inside your body?! I spend a lot of time cooking. I drive into the country for milk, eggs, chickens. I spend tons of money on food for my family. Healthy gut leads to healthy nervous and immune systems. Don't be an idiot - feed...
  11. JustAskBenWhy

    16 years old, any advice on how to become a landlord/property owner asap?

    REAL ESTATE 
    OK - Interesting. Some of your assumptions are derivatives of reality, while others are totally wrong. One thing I'll tell you - if, as you say, there will always be a need for property, then what the hell was 2008 all about? The financial melt-down was caused by property you know :) Not all...
  12. JustAskBenWhy

    16 years old, any advice on how to become a landlord/property owner asap?

    REAL ESTATE 
    I commend you on thinking big early - that's big deal. Property is a system in a box with a lot of moving parts, and it requires a lot of perspective. I like your attitude, so I am going to ask you some questions. I'll start with 1, and if/you reply I'll ask another one: 1. Why do you feel...
  13. JustAskBenWhy

    How I Lost a Million Dollars, But Am Happier And Stronger Than Ever

    GOLD! 
    This is a common issue in real estate. Since obviously in large part RE goes around via OPM, the question of do I or don't I often comes up relative to partnership. I have strong opinions - @MJ DeMarco - perhaps this is a good post... (nice book btw; got it yesterday - half way through -...
  14. JustAskBenWhy

    Value investing - your take on this?

    INVESTING 
    The concepts are very viable in today's world and in all investment classes. Ultimately, wealth is created on the balance sheet, and there are only 2 ways for the balance sheet to grow: either you buy assets below intrinsic value and allow the marketplace to catch up, or you buy at today's...
  15. JustAskBenWhy

    how to handle your financial situation

    Having expenses come out pre-tax is a perk. But, you can't afford to have that be facilitated by W2 income. First, W2 income is unsafe. Also, you simply get killed by the income and FICA taxes. 1099 is a little better, but only slightly...not much, really. Only in that it is more diversified...
  16. JustAskBenWhy

    how to handle your financial situation

    Well, I guess MJ and I agree :)
  17. JustAskBenWhy

    how to handle your financial situation

    Haha - Well, I am not surprised that you don't understand what I mean by "deflect your expenses". You can either listen and think on it, or you can continue to work hard to pay your bills, and see if that get's you off of the sidewalk and into the fast lane... OP is trying to learn conventional...
  18. JustAskBenWhy

    how to handle your financial situation

    Rule #1: You should never pay for your expenses - someone else should, cause you can't afford it! Rule #2: You should never pay for your expenses - someone else should, cause you can't afford it! Rule #3: You are loosing 30% to the taxman but worrying about budgeting to save 3% of gross - are...
  19. JustAskBenWhy

    How do I validate this?

    Thanks for the feeback on the pic - we are putting the site on another theme, so this is coming :) I don't like video courses personally, and I've seen people fail with them. Audio can be listened to on the go, in the car, while you excersise. video forces you to be stationary, which couldn't...
  20. JustAskBenWhy

    How do I validate this?

    Do it! I wouldn't go to Udemy. I'd make it a course online. Ebooks make $0 money so I wouldn't bother - if you write one, use it on your website as part of an email autoresponder in your ever-green funnel. In fact wrote several for the funnel. The course has to be deliverable instantly - none...

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