Escape the Paycheck to Paycheck Life for Good

Posted by Chris Clothier on Wed, Apr 24, 2019

While we may think of living paycheck to paycheck is only a problem that lower-income Americans wrestle with, the truth is, the vast majority of us struggle to save. Studies show that some 78 percent of Americans struggle to make it to payday and that this is a problem that plagues every income bracket.

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Topics: money management

How to Conquer 4 Major Financial Fears Everyone Faces

Posted by Chris Clothier on Wed, Apr 3, 2019

The modern age is full of anxiety. In fact, millennials are often called the “anxious generation,” as they experience stress and anxiety at higher rates than any generation before them. However, we think it’s safe to say that people of all generations deal with anxieties about money. We all have fears—rational and irrational alike—when it comes to our bank account.

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Topics: money management, financial advice

6 Tips for Tracking Real Estate Income and Expenses

Posted by Chris Clothier on Fri, Mar 29, 2019

Finances are one of the biggest parts of real estate investment. We might not all be number-crunchers but knowing how to best track and manage both your investment income and expenses is one of the key attributes of a successful real estate investor.

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Topics: money management, expense tracking

Reviving 6 Pieces of Timeless Financial Advice

Posted by Chris Clothier on Wed, Mar 13, 2019

At Memphis Invest, there are few things we love more than helping people make the most of their finances. It’s exciting for us to sit down with our investors and talk about money—the future, planning, retirement, all of it. That said, it also benefits us to look to the past.

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Topics: money management, financial advice

10 Ironclad Budgeting Tips for Mindful Real Estate Investors

Posted by Chris Clothier on Tue, Feb 12, 2019

Everyone perks up when you start talking about fiscal responsibility, don't they? We know, we know. Don't doze off just yet! There is so much value in knowing how to command your money, especially in the world of real estate investment.

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Topics: money management, financial planning

6 Small Acts That Can Transform Your Financial Health

Posted by Chris Clothier on Fri, Dec 28, 2018

Where our finances are concerned, we tend to think in “big picture” terms. It’s about our investments, paychecks, house payments, and big bills. We rarely consider the small, seemingly insignificant actions throughout our day and how they can impact our wealth and financial future.

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Topics: money management

2 Ways Your Money Mindset Affects Your Real Estate Investing Success

Posted by Chris Clothier on Wed, Nov 7, 2018

Do you have a healthy relationship with money?

If you’re the type of person who’s even reading this blog, it’s safe to say you’re probably on the right track. You’re thinking about investing if you aren’t already—building your financial future and securing the very best not only for yourself but for future generations.

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Topics: money management

Cutting Down on Your Financial Burn Rate

Posted by Chris Clothier on Fri, Aug 31, 2018

Finding success investing in real estate isn’t always as clear cut as it seems: it’s not enough to just have a good property with a good tenant managed by a good company. If you want to grow your investments, increase your passive income, and meet your financial goals, you’ve got to dive deep into money management and financial strategies.

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Topics: money management

5 Sacrifices Real Estate Investors and Entrepreneurs Make to Achieve Success!

Posted by Chris Clothier on Tue, Feb 21, 2017

Do you look around and get frustrated when it seems like everyone else is doing so much better financially than you are? Does it seems like you’re struggling to scrimp and save and make it to next month while your friends and fellow investors are killing the game every time?

Maybe you feel like you’re falling behind. Despite your best efforts, you just don’t feel good enough. Maybe you feel like you finances never catch up with your goals. The expenses keep adding up and the profits never have the traction to give you a solid footing.

It’s frustrating. It’s disheartening.

But you have to ask yourself: are your money habits secretly killing your chances at financial freedom?

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Topics: money management

Rent Money Pros & Cons: Weighing 3 Ways to Get Paid

Posted by Chris Clothier on Thu, Sep 29, 2016

In real estate investment, there are endless ways to run your business. Because yes, it’s a business. Ultimately, deciding how you want to run it is down to what you prefer and what you enjoy. One of the most important elements is how you handle rent money. If you’re landlording, you deal with this directly—if you have a property manager, they handle it, but you should still be in the know about the process.

After all, certain ways of taking and processing your rent payment may be more efficient and can even increase the chance of your tenants paying on time. They may also have negative effects you may not have considered…

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Topics: money management