Ken McElroy is a real estate maven, writer, speaker and entrepreneur. Besides wealth and success, McElroy has also accumulated a vast amount of professional expertise over the years, expertise that he's used to mentor and teach not only in the real world, but also online. His website, KenMcElroy.com is a treasure trove for the success hungry, simply stuffed with useful data. In it McElroy has … [Read more...]

Tech giant Elon Musk gave some practical insight on the state of the economy during the COVID-19 pandemic as he chatted on Joe Rogan's podcast. Musk was critical of the government's response to the coronavirus, detailing how simply handing out stimulus checks will not help out the economy in the long run. By trying to increase consumer spending, while also put a pause on production, it will create … [Read more...]

Most investors look for capital gains when investing in the market. In essence, they are banking on the asset price going up. This is great, until the stock prices start declining. Successful investors look for cash flow, where capital gains are just an additional benefit. This strategy broadens your investment options, from basics like investing in stock and bonds, to more sophisticated … [Read more...]

Unique ability and free trade are at the core of movement towards financial freedom. That freedom for financial worries does not start with overworking yourself and saving money. Even the investments are not the critical part. It is in our ability to release and utilize our talents. Discovering and putting those unique talents to work is the path to fulfillment of your financial independence. Life … [Read more...]

Investors following BRRRR method can agree that the most complicated part of the process is refinancing. Hard to believe for outsiders, but it gets to be even more complicated than rehabbing. Refinancing is the stage where you get a reality check on how you are doing with your business venture and property. The experience can be stressful. Your property may pass the test, but the lender may find … [Read more...]

The NFL quarterback, Patrick Mahomes, just received an unprecedented ten-year contract from the Kansas City Chiefs worth over half-a-billion dollars. Not only does this make Mahomes the highest-paid player in sports, but provides a perfect example of value creation within the free market economy. While the large sum of money he is receiving may seem exorbitant, the return on his investment could … [Read more...]

Still remembering the first deal I made, I reuse the two things I’ve learned from it. First, I always add a partner to any deal, which adds power to explore and use real estate deal features that otherwise would not have been available to me. Second, after I bought the property, I rehabbed it, renovated it and then I refinanced. In process, I got most of the money back I put in renovation, through … [Read more...]

Ken McElroy explains in this audio feature that the Rich look at wealth very differently than the rest of us. While many people in the lower and middle class tend to have loans and typical retirement plans, the rich look at how their money can work for them. They put their money into investments that can have a consistent return and also instant access to cash flow. They micro manage money at … [Read more...]

Starting a business during retirement is a positive way to stay busy and maintain your mental health. The new adventure will help retirees manage their newfound free time. Also, these businesses can help alleviate any stress that people may have about their financial future, since the extra income can help out with unforeseen expenses. Finally, starting a business when retired helps people keep … [Read more...]

A lot of people claim 401K's are the answer to financial freedom in retirement. What you might not know is how much money is spent from Wall Street to lobby congress into pushing these on people. You have to opt out in many cases when your employer is automatically putting a portion of your paycheck in these plans. These have the potential to lose a lot of value. It also limits you from having … [Read more...]