We talked about FIRE as in Financial Independence, Retire Early in a previous blog post (that you can read here). But when it comes to the term of “FIRE,” we also have a slightly different, but playful interpretation of what it means. At DoorInvestor, FIRE also means Financial Independence with Real Estate. It is quite…
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When Can I Retire?
Have you ever asked yourself (or your friends) this question, “When can I retire?” Traditionally, we think of reaching the goal of retirement when we have $X in our bank account. For example, one will say, “I can retire when I have 2 million dollars in my bank.” Although that is a very common and…
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The Review of Rich Dad’s Cashflow Quadrant
I believe the entire Rich Dad concept is built around the infamous Cashflow Quadrant. The Cashflow Quadrant is made up of 4 categories, obviously. They are: E, S, B, I. E means Employee; S means Self-Employed; B means Business; and I means Investment. These 4 categories can generally cover all possible types of ways to…
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The Review of Rich Dad, Poor Dad
It is not our intention to provide an extensive book review on the famous personal finance book, “Rich Dad, Poor Dad”, here. Rather, we are trying to extract several key concepts out from our reading, that we deemed extremely valuable and applicable to us, and then share with you, our readers. Pay Yourself First Rich…
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Rich Dad, Poor Dad – Where It All Begins
There is no doubt that DoorInvestor is all about investing in real estate, more precisely with Multi-Family. Often times, readers would ask us the very common question of “How do I get started in buying real estate?” The answer we would give is not necessarily what the readers would anticipate – You get started by…