Rent

Real Estate Agent Gets Crushed by Real Estate Math

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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Yikes, what a week it’s been in the news. It’s never a dull moment these days, is it? And this week is a real kicker. Just as the COVID pandemic made, and broke, the grim milestone of 100,000 deaths in the US, riots are breaking out around the world because of the long-simmering tensions between overly militarized police and Black Americans and people of colour. So I thought I’d give everyone a break from all the divisiveness and nastiness that we’re being bombarded with in the news and allow us all to focus on something that unites us all: Laughing […]

Keep Your Rent: A Real Estate Investor’s Perspective (Part 2)

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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This is Part 2 of my interview with Scott Trench, CEO of BiggerPockets.com, one of the internet’s biggest real estate investment websites, in which I asked him about what he thought about the Keep Your Rent movement that’s been all over the news lately. If you haven’t read it, please read Part 1 first. Do you think that the people who participate in the Keep Your Rent movement should be evicted from their homes when this pandemic is over? Imagine a tenant who has been renting for several years, who has great credit, and who works in the services industry. […]

Keep Your Rent: A Real Estate Investor’s Perspective (Part 1)

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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A few weeks ago where we talked about the growing movement Keep Your Rent movement that was spreading around the world. If you don’t know what I’m talking about, go back and read that article, but the gist of the movement is that because this damned pandemic is keeping millions of people from working, and governments have banned evictions, they should stop paying their rent. April 1st came and passed as the world watched and waited to see if these angry renters would put their (lack of) money where their mouth was. And what happened? On April 11, CNN reported […]

The “Keep Your Rent” Movement: Are The Rent Strikers Freeloaders?

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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As the conoravirus cases mount around the globe, world governments have struggled to manage not only their health care systems, but also the ballooning economic cost. The US government recently passed an historic $2 Trillion stimulus bill, and the Canadian government passed their version as well. But some have responded that the measures in those rescue bills still aren’t enough, and have decided to take matters into their own hands. Allow me to introduce you to the “Keep Your Rent” movement. What is the “Keep Your Rent” Movement What was started by a local tenant’s advocacy group in an obscure […]

Guest Interview with Craig, Author and House Hacker Extraordinaire

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FIRECracker is a world-travelling early retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
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Long-time readers of this blog (thank you!) know that we retired at 31 to travel the world by doing the exact opposite of what our parents have been preaching—not buying a house. Given that the average single-family home cost over a million dollars in Toronto, instead of getting into massive amounts of debt, we rented. With all the money we saved from not owning a home, we shoved it all into the stock market, built a diversified portfolio and the rest, as they say, is history. The only real-estate we own are REITs (Real-Estate Investment Trusts), which lets us earn […]

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