Cold-Calling at a Boiler Room

My first job after college was at a boiler room in Detroit. Yes, like the movie Boiler Room we would sit in a cubicles and call to try to sell financial and insurance products. There are many financial firms that recruit heavily out of college and get many young people to work for them, by…

Winter-Proofing Your Rental Property

When you’re living in Chicago or anywhere near the Great Lakes, winter comes early. You have to make sure your investments are safe during this time.  With so many components to maintaining a house, winterizing your home is the smartest investment. Whether it’s your primary residence or your rental properties, there are many things you…

Digital Currency

Governments always want more power and control. This shouldn’t be a surprise to anyone. They also; along with the bankers want more control of the nations and citizens money. As of 2020 China has been experimenting with a Digital Yuan. As of now, American companies in China are accepting it. Including Starbucks and McDonalds. There…

July Income Report

July Rental Income Report July was an expensive month this will happen a couple times a year.  It’s what I prepare for and what I’m always telling people to be aware about.  I had a few expenses this month. Lets start with the income: The income was the same as the last report all units…

Financial Advisor Exposes Mutual Funds

What is a mutual fund? A mutual fund is basically a group or securities either stocks and/or bonds that are managed by a fund company that has managers assigned specifically to that fund that buy and sell securities within it.  These managers may be analysts and have a CFA designation.  The fund managers try to…