Wealthy people usually have a few things in common: the right mindset, passive income, and good spending habits. In fact, I've noticed five key areas in which most rich people refrain from spending money. These five categories are what truly separates the wealthy from the poor and middle class.
  
 On this episode of Investing in Real Estate, I'm going to share 5 expenses rich people avoid. You'll learn about spending habits, college debt, housing costs, and more. If you want to learn about emulating the habits of wealthy people, this episode is for you!
  
 This episode of Investing in Real Estate is sponsored by SimpliSafe! SimpliSafe protects your whole home – every window, room and door - with 24/7 monitoring for just a fraction of the cost. There’s no contract, hidden fees or fine print. For free shipping and a 60-day risk-free trial, visit simplisafe.com/investing.
  
 Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode543
  

5 Expenses Rich People Avoid - Episode 543

Investing in Real Estate publishes three times a week! It's a show hosted by Clayton Morris with a laser focus on buy and hold rental properties in order to create passive income. Clayton shares tried and true methods for acquiring rental real estate, building net worth, and accelerating your financial freedom. This podcast utilizes expert interviews, case studies with normal everyday investors, and Clayton's own methods for achieving passive income. If you want to learn how to acquire turnkey rentals, discounted properties, passive income and true legacy wealth then subscribe today.

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If you had $200,000 to invest, would it be a better choice to buy rental properties or mutual funds? On this Q&A; episode, we're going to compare these two scenarios to determine which would be a better long-term investment.



I'll also be answering questions on financing with a self-directed IRA, how to prepare to invest in real estate, and how to determine rental rates. I hope this Q&A; empowers and educates you on your real estate journey. Join me for episode 719 of Investing in Real Estate!

1043: Q&A: Are Rentals Better Than Mutual Funds? - Episode 1043

Every week in my inbox, I get questions from people who want to buy real estate, but they’re not sure how to get started because of a low credit score. If you feel like your credit score holds you back from reaching your financial goals, this episode is for you.



On today's show, we're going to dive into what goes into a credit score, how it impacts your financial snapshot, and your ability to invest in real estate. Click play to learn the secret truth about your credit score!

1042: The Secret Truth About Your Credit Score - Episode 1042

Are short-term rentals like Airbnb the wave of the future? Or should investors stick with the traditional renting model? That's the first question I'm tackling on this episode of Investing in Real Estate!



On this Q&A; episode, I'm taking three listener questions about short-term rentals, finding the right accounting team for tax time, and the importance of LLCs for investing in real estate. To hear my answers to your questions, press play on this episode of Investing in Real Estate!

1041: Q&A: Should I Invest in Short-Term Rentals? - Episode 1041

The HELOC, or home equity line of credit. is a great financial tool you can use to reach a variety of financial goals, whether you want to pay off high interest debt, invest in real estate, or pay down the principal balance of your primary residence. I get a ton of questions about using a HELOC, so this video is going to act as a resource to answer some of those most commonly asked questions.



If you’ve got equity in your home and you’ve ever considered using that equity to reach your financial goals, this episode of Investing in Real Estate is for you! Click play to learn my top tips for using a HELOC in 2024.

1040: Best Tips for Using a HELOC in 2024 - Episode 1040

A recent Forbes article recently ranked Lubbock, Texas as the most overpriced housing market in 2023. The data showed that every home sold in July 2023 sold above its asking price. Today's first caller asked what this means, and wondered if investors should consider selling instead of renting their properties in this market. We're going to dive into this topic on today's show!



This Q&A; episode features three great questions on renting vs. selling in an overvalued market, how to use a VA loan to buy rental properties, and how to turn a paid off home into a performing asset. Click play to hear my answers to your great investing questions!

5 Expenses Rich People Avoid - Episode 543

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