Founder of the Soviet Union, Vladimir Lenin, had a few things to say about how to end capitalism and it revolved around devaluing (debauching, as he called it) the currency of a nation. Sound familiar? We’ve been ringing the alarm bells of the far-reaching effects of...
We used to be suspicious of foreclosures. Didn’t like them. Didn’t recommend them. However, we are also aware that one of the truisms in life is that things sometimes change. For those who haven’t been paying attention, there have been lots of foreclosures lately....
With the prospect of ever-increasing inflation looming on the horizon, it might be time to re-visit the topic of savings accounts and certificates of deposit. In the past, before annual inflation rates of 4% to 10% became par for the course, it was possible to come...
If you’ve had your eye on (or hands in) real estate for any time at all, the idea of purchasing self-storage units for investment purposes has probably crossed your mind a time or two. What’s not to like? Lower building and management costs and a national failure rate...
The Fed would love to have us believe that inflation is no longer a danger. They trumpet from the highest microphone in front of a podium the fiction that the slowing United States and global economy raises the danger of deflation, that we no longer need concern...
Is Empowered Investor content to rest on our laurels? Not hardly. You already know the answer to that is a resounding “No!” Our list of prime markets for investing stands at a grand total of 39 right now but the number is fluid. As events warrant, we pull markets off...
We’re done talking about bad debt. We’re done talking about good debt. Let’s talk about great debt. Followers of Empowered Investor real estate investing methods probably already know that we consider great debt to be the strategy of purchasing properties with the...
Last time we talked about bad debt and defined that as money spent on items of depreciating value that are often used to create the appearance of wealth. Nothing wrong with buying yourself nice things but using your credit card to accumulate this kind of debt is a...
To a borrower, bad debt is something acquired over the appearances of wealth. Dave Ramsey calls it stuffitis, which refers to things like clothes, cars, vacations, plasma televisions. The reason we call it bad debt is because these sorts of things depreciate in value...
It’s beginning to seem more and more that our fearless economic and political leaders have adopted the ostrich strategy and decided to put their heads in the sand and wait out the turmoil. Who can blame them? These unprepared, tentative operatives never in their...
