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Self-fulfilling anticipation of inflation that will increase money velocity that will feed into more inflation and on and on goes the vicious inflationary cycle

What do you spend your spare dollars on? Or do you not believe there will be inflation and just hoard your dollars in anticipation of the opposite, ie deflation?

Self-fulfilling anticipation of inflation that will increase money velocity that will feed into more inflation and on and on goes the vicious inflationary cycle What do you spend your spare dollars on? Or do you not believe there will be inflation and just hoard your dollars in anticipation of the opposite, ie deflation?

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[–] • 0 pt

It's just as easy to use equity from a home that is paid off to leverage for other ventures.

When you are at a certain level of wealth, it is smart to try and leap frog... especially if your are into acquiring a series of rental properties.

Properties are to serve as a back stop, but I'm more of an entrepreneur and am usually juggling a number of ventures at any given moment.

Plus, my kids need houses and rental properties of their own so that they don't have to worry.

Generally, your advice is good, but it was more applicable to me when I was in my 20s. I'm much older, now.

[–] • 0 pt

My guy, if you're at a considerable milestone in wealth, you are using debt.

[–] • 0 pt

How long have you been into rentals?

[–] • 1 pt

After a few false starts... 15ish years.

I only rent to white Mormons. Once I figured that out, it became easier.

[–] • 1 pt

Nice! That's a great strategy, especially if you're doing your own property management, very smart. I just recently got turned on to the concept within the past few months, Rich Dad Poor Dad opened my eyes. Then learning about the potential tax benefits ripped my eyelids off. I've been devouring books on the subject.

I am angling to get into this asap myself. Right now I am learning as much as I can in anticipation of a housing market correction, it's like drinking from a fire hose.

If I may ask, do you have any suggestions for good learning resources?