Financial Advice for a 20 Yr Old

I have a daughter who is 20 years old.  Over the last few years, I have been trying to teach her how to handle her money.  I’m proud of the fact that she has had a job, a bank account, and has been earning her own money since she was 15.  Now a sophomore in college, she is receiving credit card offers daily and I don’t want to see her fall victim to the temptation of easy debt.  Finances can be a difficult minefield to navigate as a young adult.  I began thinking about what I was taught, what I have learned on my own, and what I wished someone would have told me when I was 20.  Here is the advice I offered to my 20-year-old.

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How to Tenant Proof Your Rentals

One of the first things you begin to realize when you own rentals is that tenants can be rough on your property.  I often joke that they can tear up an anvil!  So how do you protect your property against damages?  Many times you can minimize your chances of damages, or at least make them easier to repair, by using the right materials for your remodels.

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I wasn’t a business owner, I owned a job!

Trading Time for Dollars
These past business experiences have taught me that being a business owner and being self-employed are not the same thing. For many years I thought I was the owner of a small business, but as it turns out, what I really owned was a job! I was literally “self-employed.”

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8 Reasons Why You Should NOT Allow Pets!

Sometimes people don’t really understand why you have certain policies or procedures. I recently received this message from a prospective tenant. It was in response to an ad I had placed online for one of my rental houses which stated NO Pets.

“Did you have a pet growing up? If so, think about how it enriched your childhood. I think it’s sad when landlords don’t allow people with kids to have pets. If you require a sizable deposit, any pet damage shouldn’t be a problem. Have a heart!”

Here was my response to her message:

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