Actually, if you’re still referring to the women you pursue as chicks, you might be stuck in the middle of a Dire Straits video flashback. But the purpose today is not to obsess on the cost of chicks but to deal with the first part of the headline: money for nothin’. While most dudes would love to have the apparently endless income of a rock god flying high on the wings of a number one song and video, reality intrudes to remind us that there is an actual limit to the amount of money we can afford to throw around in pursuit of the woman of your dreams.
But you’d like to have a hands-off income stream to support your dating hobby, right? Of course you would. Having enough money to float drinks and dinners is half the battle. Luckily, we have a great idea to help you build up your investment portfolio more conservatively (and likely quicker) than taking a spin on the roulette wheel called the stock market. We’re assuming you’d prefer to have disposable income now, while you’re still young enough to have a little pep in your step. Financing your Pick Up Artist moves using your retirement income from Social Security doesn’t have the same cachet.
Here’s an idea. Head over to to our affiliate website, www.JasonHartman.com to learn the ropes of income property investing. The education can be found for free among the many hours of Creating Wealth Show podcast recordings, but the upshot is this. The reason income property investing is so effective is that it is a multi-faceted asset, with income and appreciation coming from different angles. While stocks might be lucky to return 5% to 15%, it’s not unusual to see returns on 30% or more with income property.
What is income property? That’s easily explained. Think landlord and tenant. The income property investor owns a house, we suggest the single family residential variety to get started, and rents it out. The great part about the scenario is that the monthly rent should cover the loan payment with some left over as positive cash flow, which is the same as having someone else pay your mortgage. At the end of the loan period, you own the asset, even though the bank financed it and someone else paid for it. In our mind, it doesn’t get much better than that.
Of course, this is just the tip of the iceberg. As we said, visit the Jason Hartman website to learn all about how to properly finance your romance.
The Swank Life Team
Flickr / Heinrich Klaffs