How to Find the Best Tenant for Your Rental Property

Owning and managing rental properties can be very profitable. (From just two rental properties, my husband and I make $1,200/month in positive cash flow.) As a rental property owner, you may find yourself dealing one-on-one with tenants. Make sure you handle these encounters as business transactions, and don’t let your emotions – or your desire to fill a unit – prevent you from making sound business choices.

Using Stumbling Blocks as Stepping Stones

Everyone makes mistakes – and the busier you are, the more mistakes you will make. The only question is “How well and how effectively do you deal with the inevitable ups and downs of life?”

How to Find Purpose – and Happiness – in Running a Business

You don’t have to wait until you are financially independent and actually retire to enjoy an early retirement mindset. The sooner you can make your business about something other than making money, gaining power, or in some other way enhancing your personal situation, the sooner you’ll begin loving your work.

Stocks May Not Be Cheap Enough Yet – and Here’s Why

According to Michael T. Darda, Chief Economist for MKM Partners LLC, stock analysts have overestimated earnings by an average of 30 percent to 35 percent in the last three recessions. For millions of investors who use low P/E ratios as a litmus test for selecting stocks, that’s got to be a rather unpleasant shock.

The Perfect “Chicken Entrepreneur” Strategy

Michael Masterson has often written of the benefits of being a “chicken entrepreneur.” He uses this tongue-in-cheek expression to describe someone who starts a business or creates a new source of income while remaining at a full-time job or otherwise minimizing the risks.

Caveat eBay Emptor

You may be one of the millions of people who regularly shop on eBay. I’ve done it on occasion, and never had any trouble. Until recently. As a result of that experience, I learned a few lessons that can help you deal with two of the potential problems you might encounter.

5 Steps to Getting a Recession-Proof Side Business Off the Ground

In this troubled economy, almost everyone can use the security that a side business can bring. I’ve been involved in a low-capital side business for years, and it has been a steady source of additional income for me. It’s something you, too, should consider getting into. I’m talking about the event promotion business.

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