Should you start your own ‘Monopoly Project’? Should you start acquiring rental properties? In this series we examine ways to start your own “Monopoly Project”. In our first post of this series, we explained by the first thing you should do is to get into shape – Financial Shape. We used Dave Ramsey’s “Seven Baby [...]
Previously we discussed the concept of “Opportunity Cost”. If you choose to do one thing, you forgo many other choices. This “cost” is true whether it is money, time or any other asset. We talked about the opportunity cost of going on a ‘once in a lifetime’ 10 day trip to the 75th anniversary of [...]
Now that August 2020 is completed, TMP is still comfortably in second place in “The Financial League”. TheMonopolyProject (TMP) showed a $3,000 plus jump due to increases in home valuations in the Phoenix area. The big starfor the month was the stock market. ‘VTSAX – Vanguard’s Total Stock Market Index’ jumped about $8,000; over 7 [...]
