In this month's Money Journals, I'm getting genuine about a trashed home that left me with a $50k loss. But I'm not letting that defeat me! I'll reveal you how I'm refurbishing to turn a profit on this once-disastrous investment. Plus, I'm breaking down my monthly financial resources, financial investment strategies, and budgeting tips. Join me as I share the ups and downs of my financial journey and how I'm triumphing!
TIMESTAMPS
00:01:37 – Crossover Point Update
00:02:11 – Income Breakdown
00:07:50 – Investments
00:16:18 – Budgeting
00:18:43 – Cash Wins & Fails
__________
*** THINGS DISCUSSED IN THIS VIDEO! ***.
Contact Us To Liberty Email Newsletter:.
__________.
*** BOOKS I SUGGEST ***.
I Will Teach You to Be Rich (hilarious how-to book on individual financing for millennials).
The Little Book of Common Sense Investing (Jack Bogle's classic suggestions on index funds).
InvestED (detailed, millennial-friendly guidance on how to pick stocks like Warren Buffett).
Unshakeable (this book = guts. blast ALL the fears & misconceptions you have about investing).
Rich Father Poor Papa (# 1 selling individual finance book of all time … need I state more?).
Think and Grow Rich (the supreme book on money state of mind and wealth awareness).
________.
*** MY FAVORITE MONEY TOOLS ***.
YNAB (I literally can't live without this budgeting app, so consumed).
Wise (like Venmo but for global currencies – I utilize this app a LOT for my life in Mexico).
High-Yield Savings Accounts (do not go for 0% when you can get 3%+ on your cost savings).
Journal Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):.
__________.
DISCLAIMERS & DISCLOSURES ❤.
This content is for education and entertainment functions only. Rose does not offer tax or investment advice. The information is existing without factor to consider of the financial investment objectives, threat tolerance, or monetary situations of any specific investor and may not be suitable for all financiers. Past performance is not indicative of future results. All investing involves threat, including the possible loss of principal.
This description contains affiliate links that permit you to discover the items pointed out in this video and support the channel at no cost to you. Investing With Rose participates in the Amazon Solutions LLC Associates Program, an affiliate advertising program designed to offer a way for sites to earn marketing charges by marketing and connecting to www.amazon.com. Thank you for your support!
__________.
@itsrosehan is my social networks deal with on all platforms. I will NEVER message or email you about financial investment schemes, so please take care and block & report any fraudsters posing as me.
SAY HI ON SOCIAL!.
Website:.
Instagram:.
TikTok:.
Facebook:.
Wealth Builders Club Secrets Revealed – Click Here to Discover the #1 Investment Resource!
AYo girl, 2 in aweek.
LFG!
Serious though glad to see you turned that up, ohh the real estate nightmares i used to have….glad to see you joined the “Club”
I’m a builder.
Right now is the worst time to get anything fixed. Anything build.
Cost is out of control.
Excellent explanation and learning experience.😮
When it rains, it pours when it comes to homeownership.
Love your content
Don’t sell. You will look at this in a few years as a learning experience. Then the house will be worth more.
Agreed! Fast cash is always less .
I’d sell it, shift it to a fund, and forget the hassle. Keep it simple.
Don’t sell yet. Up the rent a bit. Not sure why, but I definitely would have gotten rid of the $10k popcorn ceiling as well during this “mess” just to get done and over with. I just harbor such a dislike from all the crappy apartments we lived in growing up poor. 😅
Perhaps we should avoid units tangent to roads?
Ah, in Vegas! Figures, the driving here is crazy.
Also was the person who crashed not liable for any of the damage ?
Yes, that person is legally liable. As a practical matter, however, they may not have any money or insurance to pay for the damage they caused.
+1 (curious about this as well)
The person who treats his car like he’s at a demolition derby has a life that is like a demolition derby.
So… No $
Be patient, you are doing everything correctly.
Depends on your roi on your rental property before you can decide to sell or rent
This is why I don’t like house near a busy street. There are too many crazy drivers out there period. Luckily no one in the house got hurt thank God.
All of the property owners buying up houses just to rent out is the main reason housing costs are astronomical. Everyone should be able to afford a house but if you’re snatching up all of the available houses, that’s just adding to the problem. Sell, but not to another property owner. Sell it to a family.
Hey Rose, I always watch your videos and use it to learn on how to invest.
Appreciate the granularity of the information and personal experiences.
Keep it until it pays you back your losses. Get a new property manager, they should have kept your additional losses at bay. You have an income generating asset, get more. Love you and your videos.
Hi Rose! Love your content. Sorry you’re going through a hard time – life be life-ing lately smh. I think comparing what is better financially is a good start. Since you already own 2 other rental properties, it might be ok to sell this one for a nice profit. Trying to think longterm since owning real estate is wealth building. Rooting for you!!
Hold on to the property if you don’t need the money from selling it. It’s passive income and it will keep appreciating in value. I’m glad I found your channel. You have a talent for explaining personal finance in simple terms.