I'm sick of hearing that. "Build a nest egg that you can live on for the rest of your life" Yes you do need to put some money together for your first, second and third cash flowing asset. But no one talks about learning how to make more friggin money! And surely never talk about partnering with other people to buy investments as a team. Let me know what you think!

Keep it simple Pancakes or Waffles?

Mountains or the beach?

How many of you have thought about the IRS rules regarding your retirement plans and that once you turn 73 (until 2033 when it will be 75). Did you know that if you had a ROTH IRA that there are NO mandatory withdrawal requirements? I didn't either until I looked up the rules the other day because I am getting close to that number. But, the good thing for me is that I converted my Traditional IRA to a Roth over 15 years ago when the value was still LOW. I paid the tax in 1 shot, because I didn't know you could spread it out over several years. Who Must Take RMDs? - Owners of Traditional IRAs, SEP IRAs, SIMPLE IRAs, 401(k)s, 403(b)s, and 457(b) plans.  - Beneficiaries who inherit retirement accounts (except Roth IRAs, where the original owner is exempt).  When Do You Start? - Age 73: For those turning 72 in 2023 or later, the first RMD is due by April 1st of the year after you turn 73.  - Age 75: Starting in 2033, the age will increase to 75 for those born in 1960 or later.  - Workplace Plans: You can often delay RMDs from employer plans until you retire, unless you own 5% or more of the business. 

Over my desk I have a whiteboard that I use to try to keep up with Deals I have in the works. So let me define what I think is a deal. 1. Any loans that I have recurring income flowing into my Accounts. These could be normal business accounts, retirement accounts. 2. Short term loans that do not cash flow but payoff one time. I list amount out amount in and date expected to payoff. Example $25,000 > $27,500 30 days 3. Properties I have listed for sale 4. Properties I am looking to possibly buy. I am only looking at properties that the seller is willing to hold the note. 5. Outstanding passive investments as hard money loans to house flippers You can not count stocks, bonds, mutual funds, bitcoin, XRP, gold, silver, because you can not control the income of those assets. They go up and down with or without you. They do not deserve to take up space on your whiteboard. I want you to have at least 5 deals up on that whiteboard At all times! What's on your Whiteboard? Need a whiteboard? Let's Go!