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I recently came across two similar approaches to “becoming an expert” in a field. Both are somewhat similar, and both are in harmony with my experiences in life. Two way to become an expert on any topic are: Read a book every month on the topic for one year. Study the topic every day for […]
In case you are wondering why I’m reviewing Barbarians At The Gate which was written in from 1990 when all the other bloggers are reviewing new books – there are two reasons 1) I read in the Globe and Mail that it was the best business book ever and I have to agree that it’s […]
I was surprised, when I first tried renting the condo I bought, at how savvy potential renters were. My initial rental price was *way* too high, and people would come, look around, then politely decline to fill out an application. I dropped the price and kept getting the same behaviour. Finally I dropped it again […]
My tenants are coming off of the end of their first year’s lease, and happily they’re going to stay. Landlords always have strong opinions on the subject of rent increases (and rent decreases – most are dangerously, stupidly opposed to them). One school of thought is that property is an investment, and in order to […]
A comment John T. Reed makes is that if you’re unable to look a grown adult in the eye, listen to them passionately argue why you should do something, then say “No” to them, you shouldn’t be a real estate investor. It’s an easy thing to hypothetically say “sure, I’d just say no”, but the […]
I’m reading and enjoying a book I got from a good friend for Christmas (“How to manage Residential Property for Maximum Cash Flow and Resale Value” by John T. Reed). Reed has a very pragmatic approach to life and investing, which I appreciate. One of his “rules of thumb” which seems like a good one, […]
I think I heard about and read “Rich Dad, Poor Dad” right when it hit the tipping point and everyone was talking about it (I’d guess around 2004 maybe?). My aunt and uncle had read it, and I wanted to borrow another book from them and they forced this one on me. They told me […]
I’ve been considering a bit of a funny idea for what to do with my retirement: go get a PhD. Back when I did my Masters, I really enjoyed the day-to-day of being a grad student. Investigating an incredibly detailed area of study and getting to the point where only a handful of people in […]