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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (57512)	4/5/2006 1:26:13 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

My housekeeper and her husband, who by your standards are international real estate financiers, own properties both in California and in El Salvador. She said it sounds like you have an unfavorable mix of tenants with so few in each rental unit. She is not involved in the Baltimore market because of the low rates of property appreciation there. If you were to sell your low-appreciation Baltimore rental property and buy in Los Angeles, my housekeeper would be pleased to manage it for you on a fee basis. She says you will enjoy much better returns under her management. Mucho mejor! My housekeeper also manages money in the U.S. and El Salvador for others like yourself who find international investing too complex to understand fully. Of course she has the added benefit of my advice when she needs it. If you'd like to place your savings under her management, let me know and I'll translate for you. She also suggests that you cut down on your extravagant Baltimore lifestyle and save more. She and her husband raise two daughters on far less than you are spending just on your husband and yourself - and she visits El Salvador annually. .

To: GraceZ who wrote (57512)	4/5/2006 1:42:51 PM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 110194

You never want to take any more income than you need to live, it is the first rule to building wealth. that is true...once you have a bankroll and no longer need to work to live. but getting to that point usually requires excess DPI that can be saved and invested. it is certainly a valid perspective that "income" tends to be considered overly important by many highly paid, nicely dressed, low-net-worth people who work for money (usually for a very long time), while wealth accumulation is a focus for people whose money works for them. this is why people with modest incomes are often wealthier than people with much higher incomes. this truth was shown more than a decade ago in The Millionaire Next Door. fortunately for our tax coffers, many people still think the best thing is to make lots of money, and the next best thing is to spend it on expensive objects so that strangers will be properly respectful of your high salary and high station in life.