HELOC: get better investment returns and accelerated portfolio growth

It has been a while since we discussed money matters – so today we are going to quickly talk about home equity loans (HELOC) and how you can use them to maximize your returns. The readers of The Ultimate Alpha Project know that, alongside with maintaining exemplary health, physical strength and mental capacity, financial success is a major part of being an Alpha and kicking butt in all areas of life.  You also know that I consider real estate one of the very few investment vehicles that are worth your while.  Let’s see how HELOC loans fit into the bigger real estate investment picture. Life before HELOC Because banks do not lend 100% of the value in question, a typical […]

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An overview of investing in multi-family homes

Street with multi-family homes

When you start investing in real estate (and if you are not convinced that you should – read this introduction and a follow-up articles), the typical path for you as an individual investor usually starts with smaller-scale options: individual houses or condo apartments, pre-construction investment, etc.  But, sooner or later, investing in multi-family homes will start looking more and more interesting. Initially, this task seems very daunting – especially if you are an individual investor who does not have access to unlimited investor funds (like REITs do) – the prospect of you individually owning an apartment building is absolutely unimaginable.  But multi-family homes don’t need to contain 200 apartments.  Aside from “legal” definitions, assigned by federal corporations dealing with mortgage […]

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Planning my retirement: future value of present decisions

Retirement

I am planning my retirement future.  Not in a traditional sense, such as preparing for austerity, downsizing my living space, restricting spending and depending on others, including the Government (we have seen in the article on tax-deferred plans that this could be a bad idea).  By contrast, my plans have some grandeur, financial freedom, and ever-increasing quality of life. I do not plan to be forced to significantly reduce my spending after retiring at the risk of having to eat cat food otherwise.  I do not anticipate being involved in the typical cliché retirement pastimes, like playing bingo, doing gardening and living off some modest investments with no aspirations and occasional trip to a tropical location in the cheap part of […]

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Assembling your real estate portfolio: strategies to build wealth

Real Estate Portfolio

In Part I we briefly discussed the benefits of investing in real estate in general and hopefully, you were convinced that this is one of the absolute best types of investment available.  In Part II, we are going to look at a few different strategies of building your real estate portfolio.   Each strategy requires a lot of time to cover in detail, so it will only be an overview. There are many ways and many strategies you can use to invest in real estate.  Let’s look at some of the most popular ones that you can use.

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Real Estate Investing and building wealth – Part I

Real Estate Investing

What do topics related to real estate investing or how to become rich have to do with being an Alpha? Quite a lot, actually. Remember, an Alpha (-male or –female) is a leader, role model and super-achiever in everything. And although we mostly discuss health, nutrition and how to crush it in the gym (because health and physical fitness is your foundation for succeeding in everything else), we do, sometimes, venture into other topics relevant to creating your perfect lifestyle. One of these topics is money. It is no secret that with more money you get more freedom – freedom to support your progress in all other relevant areas, freedom to eat higher quality food, freedom from the shackles of […]

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On Time Management and Setting Priorities

So many people wish they had 48-hour days to be able to do more.  “Time Management” – a term that was unheard of several decades ago – is, all of a sudden, a very hot topic because of the demands of the modern era and its information overload – these days you are expected to be able to handle more things than ever before. Not having enough time (or not being able to find time when truly necessary) is one of the most important reasons for not reaching your true potential.  You wish you were fit, but you can’t find time to go to the gym.  You wish you learned a new skill, but can’t find time to study, because […]

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Does investing in tax-sheltered retirement accounts make sense?

Ahh, sweet retirement…  Many of us dream of that blessed day when we can finally escape the rat race and enjoy the freedom to travel, enjoy time with family and live life to the fullest, while collecting benefits from pension plans that we so diligently worked to regularly contribute – sometimes for 45 years or more. But today I am going to give you a piece of some very uncommon advice – consider eliminating conventional tax-haven retirement savings accounts (RRSPs, IRAs, 401(k), etc) altogether.  Wait, what?!  But aren’t these considered the holy grail of saving for retirement and the best way to make sure you don’t end up eating cat food when you retire?  I have to admit – this […]

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When debtor’s prison becomes a first class hotel

Being in debt historically never seemed to be a good thing. It appears that since the beginning of time, it has been cultivated and ingrained in the brains of people that as long as you are in debt – you can’t sleep well.  Some noble men of the distant past would rather commit suicide rather than declare bankruptcy and admit that they have amassed a lot of debt.  Debtor’s prisons up to the middle of the 19th century used to be a common way to deal with unpaid debt.  In some early states of a distant past, if you couldn’t pay debt you could even become a slave of a creditor. Things have changed quite a bit since then. Bankruptcy […]

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10 Tips to generate seed capital to invest into a profitable idea

For the majority of people, financial freedom rarely comes from working for somebody else. Unless you are some high-level senior executive in a large corporation, chances are your “day job” is not going to make you very rich. Professional practices that are typically associated with higher pay (doctors, lawyers, etc.) really are a private business of people working for themselves. And, unless you get some unusual level of satisfaction and pride from your work and have no ambition to go way beyond that, the environment where you cannot choose your hours, your clients and your activities, but where you, instead, report to someone else and do a pre-defined set of tasks that is making money for other people is going […]

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Setting financial goals

New Year’s Resolutions We all know that around these days in early January, a lot of people start working on implementing their New Year’s resolutions – apparently, there is something special about “starting clean” on January 1.  To be honest – I could never understand why people don’t make important decisions immediately instead of waiting – sometimes for several months!.  I’m sure you’ve heard many people say about some bad habit “OK, starting from the New Year… [I will stop doing that]” – even if the New Year was months away! The sad part is that most of the goals enthusiastically set at the end of the previous year will not be reached.  The energy will fizz out in a […]

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