The PPhREI Network Highlights drop once a week and include the best posts from the PPhREI network….
Dr. Shin shared that he will be moving from a HCOL location to a lower cost of living area which will dramatically impact his finances. With this new change he will have increased income for investments but also expendable income. This is a major win for Dr. Shin and we look forward to hearing about his next adventures. How will he invest and deploy some of his new found expendable income? We hope that he can earmark a portion of that income for purchasing amazing experiences. This week we share a classic, The Darwinian Doctor post “Why I’m buying experiences, not things.”
Why I’m buying experiences, not things
In the finance world most people don’t get excited about 1% returns. In Short-term rental investing most look for cash-on-cash of at least 20-30%. Long-term rental investors are shooting for 10%. So 1% is not even looked at…. The Prudent Plastic Surgeon is here to remind us to not ignore the 1% returns and he analyzes how these returns will actually make you wealthy…..
5 Undeniable Ways That 1% Returns Will Make You Wealthy
Reading Dr. Shin’s post of the week about experiences reminded me of our trip last year…. even “bad” experiences can pay dividends with great memories. This week we would like to share our trailer adventure from last summer.
Check Your Nuts
Purchasing your first Short-term rental can feel a little overwhelming. At first you are are excited to get started and then limiting beliefs pop up. “Is buying right now the right choice? How do I choose the right market? What happens if the property is not profitable? Will I lose everything? ” You are not alone with these questions… Check out the Carpe Diem MD post of the week to learn more.
8 Steps to Follow to Purchase your 1st Short-term Rental (VRBO/AIRBNB)
Practice the Carpe Diem MD lifestyle and seize the day
Carpe Diem MD
Enjoy your Journey to Financial Freedom