As readers of our blog should know DoorInvestor is a big fan of Rich Dad, Poor Dad. We recently came across an email article from Robert Kiyosaki, and it is so good that we would like to share with our readers. The subject of that email was “Pros and Cons of Real Estate Investing…” But…
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CoronaVirus and the DoorInvestor Retreat
Throughout the month of February we deliberately took a step back from blogging, because we felt there are more important things in life for us to spend time on at the moment, rather than investing in more real estate properties (and talking about it), and that is to fight the CoronaVirus. DoorInvestor was not set…
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The Stack
We first heard about the term “The Stack” from Brandon Turner at BiggerPockets.com. After digging into the details of the Stack, we value it more from the perspective of it being a philosophical term than a methodical term. Let’s dig into it again together. The Argument The reason why Brandon Turner presented this concept is…
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Self-Employed vs. Business
In Rich Dad’s Cashflow Quadrant (our previous blog post here) book, it talked about the 4 elements of the quadrant: Employee, Self-Employed, Business, and Investor. Afterwards, we received quite a few inquiries asking for clarification on the difference between Self-Employed and Business, so we decided to dedicate this post to drill down on these 2.…
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Setting S.M.A.R.T. Goals
The starting of a new year is the perfect time for us to set our goal for next 12 months. There are many ways to set your goals but we like to follow the concept of S.M.A.R.T. as it has been working well for all the team members. S.M.A.R.T. is the acronyms for: Specific Measurable…
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Buy Toys with Passive Income
For most of us who work a full time 9-5 W2 job, it is quite common to use our earned income, or sometimes called active income, for spending, whether the spending is for survival or for pleasure. There is nothing wrong with this model, and as a matter of fact, this may be the only…
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Don’t Wait to Buy Real Estate
Don’t Wait to Buy Real Estate. Buy Real Estate and Wait. — Will Rogers I came across this quote the other day and found it quite inspirational. Most of us “average joes” are by nature procrastinators, which means we want to play safe, and we want to stand put and observe. It is the human…
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December for Real Estate Investors
After Thanksgiving holidays in the U.S., it is getting into the month of December and it is time to plan how to finish the year strong as a real estate investor. Meet Target for This Year If you set a target for this year, for example, flip 10 houses, or build a rental of 10…
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Cashflow vs. Appreciation
When you invest in real estate, you need to pick a strategy. There are 2 major strategies that have been time-tested, and they are: Cashflow and Appreciation. We will go into the pros and cons on each of these 2 strategies. Cashflow The definition of investing for cashflow is you look at the numbers and…
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I Can’t Afford It
We have blogged about Rich Dad in quite a few posts previously, but we saved this concept to blog separately because it is such a powerful mindset shift. When you want to achieve it something in life, like if you want to buy a real estate as an investment, or go to a basketball game,…