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The negative impact of Inheritance

The negative impact of Inheritance

The negative impact of Inheritance Is there a negative impact of inheritance?  American inheritances according to a 2013 survey average $177,000. Would you turn down such a large sum if you had the foresight it would destroy your family relationships? I don’t think so. It is tax-free money that you do not have to work for. It is gravy on top of an already growing portfolio. The death of the patriarch or matriarch When a transfer of wealth occurs, it…

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Rich Dad Poor Dad Robert Kiyoski – A different take

Rich Dad Poor Dad Robert Kiyoski – A different take

Rich Dad, Poor Dad – Truth or Fiction Our local college uses Rich Dad Poor Dad for a critical writing class.   At first glance, I thought, “wow, what a great book for a critical writing class.” Companies like Amway and other multilevel marketing businesses  use this book for their neophyte sales staff to give them the motivation to sell their products.   My brother often jaunted down to his so-called seminars on selling annuities to unsuspecting customers with this book in hand, and I…

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The importance of a 401(K) for Millennials

The importance of a 401(K) for Millennials

                                               The journey begins   Will my daughter ever understand the importance of a 401(K)?  It’s a bright and sunny April morning as we prepare to leave to our daughter’s apartment. The sun is just beginning to emerge. There is still chill in the morning air. The wind is blowing and a few leaves scatter about in front of…

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Rent Control – Repeal of Costa Hawkins

Rent Control – Repeal of Costa Hawkins

Rent control is summed up by Nelson’s third law  “the worse a government regulation, the harder it is to get rid of.” This blog is about how to reach the “land of critical mass”, the land of financial freedom when you wake up one day and you say to yourself, “I no longer have to work.” It is not about politics but sometimes politics inevitably enters the equation. My interest in Real Estate I was looking into different investment options…

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Three million dollars may not be enough to retire on.

Three million dollars may not be enough to retire on.

Three million dollars may not be enough to retire on or so I have heard.  Three million dollars may not be enough to retire on.  I often sit down grab my calculator and wonder how much I need to retire.  Every milestone I reach,  I google “is x,xxx,xxx” enough to retire?  Apparently, I am not the only one doing this. I google “can I retire on a million dollars?” an article on Dave Ramsey shows up, (one day I will…

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Foster Care part two

Foster Care part two

Foster Care  part two This is  Foster Care in Retirement part two Raeann was petite in nature.  A friend described her as a “Porcelain doll”    which was very befitting for her description.  She would always be the one at the end of the line if the line was formed according to size. When we arrived at the satellite home, Raeann was drinking an iced tea.  She didn’t speak, and walked apart from the others.  This had been her fourth foster home…

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