Here Is How Long You Will Live In Retirement

One of the great mysteries of knowing how much money you will need in your retirement is knowing how long you will live after the day you call it quits in your work life. We do know that the average life expectancy of Americans is 79.11 for 2023, and,

Calculating Your Net Worth

What is your Net Worth? It’s a handy number to know. Many people agree that (in today’s dollars as of 2023) the average couple will need 1.3 Million dollars (that’s $1,300,000) to retire comfortably. Are you on track? Find out by calculating your Net

Profit = Income - Cost of Sale - Operating Expenses

Income All the revenue that comes into your business from sales of either goods or services or intellectual property. Cost of Sale These are expenses that only happen because of a sale. An example would be paying a salesperson you employ or contract a commission for selling a product or

Profit Margin for Your Business

Understanding the profit margin for your business can allow you to make reasonable plans and set reasonable expectations on what to expect from you and your business. Many small business owners I talk to are not really clear on the profit margin they are shooting for and therefore take a

Reverse Goal Setting

Set your big goal and then work it backwards. Over the years I've learned the importance of "just getting started." The action and the mindset cannot be dismissed. Yet, shortly thereafter you might be wise to take the time and figure out what your BIG Goal

Basics of Profit & Loss Sheet

Training A Profit & Loss sheet is really nothing more than a list of all your income minus a list of all your expenses and the remainder is either a profit (if the remainder is positive) or a loss (if the remainder is negative). This can become as complicated as

Featured

Training and Coaching by Chris

I offer training and coaching for businesses of all kinds. Of course, property management and real estate are my specialties. But business is business. My coaching and courses include: * Ruthless Prioritization * Profit and Loss Statements * Proven Sales Skills * How Money Works Learn more about my coaching and training over at

Who Set Your Financial Thermostat?

MINDSET MONDAY Each one of us has a financial thermostat. Your financial thermostat is that level of income between what you absolutely need to make (the floor) and the amount you currently aspire to (the ceiling). I've worked with hundreds of real estate leaders, maybe a thousand real

Mindset

Creating a Profitable Small Business

This website is all about running a small business, becoming an entrepreneur and creating your Retirement Worth Having. Why? Because my son is launching a fish business and I'm proud of him for that. It really takes some guts to start out on a new venture. I know.

Should You Buy Series I Bonds?

Series I Bonds How would you like a relatively safe investment that is guaranteed by the United States government to have an interest rate that is inflation adjusted?   You can invest up to $10,000 a year in these bonds and you can add another $5K to that if you

8 Questions to Ask Before Buying Your Next Investment Property

Here are 8 questions to ask yourself before buying your next income property to help fund your Retirement Worth Having. 1. Am I investing for cash flow or appreciation? 2. What type of rental housing portfolio am I looking to own; single family homes, multi-family homes or apartments? 3. What

Should I Buy An Income Property In This Market?

Should I buy an income property in this market?  Well, as usual, that depends. We are going to run the math on a bell curve Olathe, Kansas home, the city in which Ad Astra Realty, Inc is based.  The house we will use is in the 66062 zip code, is

Should I Sell My Rental Property?

My son asked me a question last week that I have been asked weekly over the past few months. "Should I be looking to sell my rental property?" The question was motivated by fear.  Will the market tank? Will interest rates keep climbing?  Will Putin's war

Why more than How

On a near daily basis I speak to would-be real estate investors who all ask me "How" to do this or "How" to do that.  I'm more than happy to help.  Yet, taking the time in knowing the "Why" of what you

Leverage and Your Investments

I love real estate investing for the same reason I love owning a business; leverage. In the businesses I own I utilize employees to leverage my available time and reach.  I create services that people want to have and then I hire employee partners to serve those people.  It makes

Rents, Wages and Inflation

Rents are rising.  How high can they go? Here in Kansas City we are beginning to feel a real ceiling in many of our price ranges around the metropolitan area.  Ashely, our Leasing Director at Ad Astra Realty, Inc property management is showing me conclusive evidence that fewer of our

Real Estate Investing

Preparing for Real Estate Investing

I've helped hundreds of people better their retirement plans through real estate investing.  One day I was working through some thoughts and realized that there is a hierarchy to follow when it comes to what/when to invest any monies.  Dave Ramsey has his Baby Steps [https://www.

Healthcare

HSAs, Taxes and Income versus Wealth

Health Savings Accounts (HSAs) are another fantastic tool for sheltering retirement savings.  Well, that's if you don't need them to pay for healthcare in your retirement years.  But in any case, it's sheltered money to help out with your savings.  I remained ignorant about

Reading

Zillow, Costa Rica and Your Net Worth

A little of what I've been reading and thinking that you might find of interest. Net Worth... When is the last time you calculated your net worth?  With the Dow closing over 36,000 for the first time ever [https://www.kiplinger.com/investing/stocks/603699/stock-market-today-110221-dow-36000-at-last] and

Reading

Recommended Reading As You Consider Retirement Plans

Reading allows us to learn and grow through what others have discovered. Here are some books I've been reading.

Real Estate Investing

4 Benefits of Real Estate Investing

It's easy to say what appreciation was. It is more difficult to predict what appreciation will be.

Mindset

At What Age Should I Retire?

What if you planned your retirement based on the timeline of events in your life rather than a milestone age? Here are some things to think about.

Mindset

Welcome to Retirement Worth Having

From 1991 to 2021 we've been on an average pace of 4% per year appreciation in real estate on a national level. Let's talk about that.

Mindset

The Illusion of Security

We all seek it. "It" being the day we are secure enough in our finances, secure enough in our income, secure enough... But if you watched that very nice home in the Canary Islands last month disappear under molten lava, you know that nothing we do will outlast