Real Wealth through Real Estate
Finances, goals, making money, passive income, Retirement, Savings, Uncategorized, wealth

Real WEALTH through Estate!


Can you build wealth through real estate? Absolutely! I aim to reach Financial and Time Independence by 40 years of age (sooner if God allows) and plan on involving Real Estate in my investing. In particular, I aim to use sales, stocks, this blog and real estate to build wealth. Just last year, after discovering the FIRE (Financial Independence Retire Early; read more on FI here) community, I was off to the races for figuring out ways to optimize my income and wealth building. I met a financially independent blogger, Tim Kim, who shared publicly how he got to where he was and tips along the way. Through Tim, I discovered Bigger Pockets, where I found credible information on Real Estate investing.

Why Real Estate?

Diversification! It’s been said by Ray Dalio, Founder of Bridgewaters (world’s largest hedge fund) that portfolio of investments are at its optimal state at 15 streams of income. The wealthiest people in the world own Real Estate. Real Estate is a great retirement vehicle because it provides 1 of 6 of basic human needs for survival: shelter. We all need a place to live. When was the last time you paid for rent? Who does that money go to? For those who own homes, you understand this idea. Paying off your home is building your wealth (equity), which you could then use to invest in more properties.

3 basic ways to build Wealth through Real Estate

1. Own it. Even if you have a loan on your property, a portion of your mortgage payments each month is going straight to your equity. In other words, your home can be thought of as a piggy bank. If there is an appreciation or depreciation in your home value, you benefit even more. The concept of appreciation is clear; your home increases in value over time. On the other hand, depreciation can be written off on your taxes.

2. Rent it. If you own property, PITI (Principal, Interest, Taxes, Insurance), and other necessary expenses may amount to a sizable cut off your pay. Consider renting out a room either through Craigslist or Airbnb (this is an affiliate code that will give you a discount for your next reservation).

3. Keep it. Owning property should be a selective process. Therefore, choosing the right location is key to Real Estate investing. Consider buying a home in areas with low Capitalization Rates and hold on to your property, tend to it either on your own or through a property manager. If you chose a location near a college, an area with potential economic growth, and/ or you choose a place experiencing gentrification, you can benefit from property value increase.

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Bitcoin, Cryptocurrency, Finances, Retirement, Savings

Staying Crypto-Current

Banner Featured by my Financial Mentor Tim Kim

What is a Cryptocurrency?

Cryptocurrency is making the headline on news outlets all around the internet, but what is it? A cryptocurrency is simply a digital currency that is independent of centralized systems, namely banks. The very first cryptocurrency, the Bitcoin, was created in 2009 by pseudonymous developer Satoshi Nakamoto. We still don’t know who created it, but his/ her/ their creation has amassed a huge adoption by many around the world. Having been introduced in 2009, it’s price was nearly nothing, fractions of a penny; then it jumped up to nearly $20k. Today, a single Bitcoin costs around $13k and is one of over 1,000 other cryptocurrency, also called alt coins. The mainstream media for the years since Bitcoin’s inception have portrayed it in a negative light; though it has its share of objections, many are starting to invest in it.

The top three Cryptocurrency in the world:

  1. Bitcoin
  2. Ripple
  3. Ethereum

Uniqueness of Cryptocurrency

Cryptocurrency is decentralized, meaning that it is not controlled by conglomerates such as banks and government. In addition, it incorporates blockchain technology, which is an incorruptible digital ledger that keeps track of everything that has happened in the past and will happen with the coin in the future. The amount and the fashion in which the coins are distributed vary.

Ex) Bitcoin:

There are 7,200 Bitcoins produced per day, but there will be less and less as time goes by and will eventually halt in production at 21 million Bitcoins, in year 2140.

More Resources on Cryptocurrency

  1. Blogger Tim Kim:
  2. A list of Cryptocurrency being traded:
  3. Documentary on Netflix: Banking on Bitcoin

Buying Cryptocurrency

Coinbase is the most commonly used and user friendly platform for people to purchase Bitcoin, Bitcoin Cash, Ethereum, and Litecoin (ranked in the top 6 cryptocurrency).


Word of Caution

Although Cryptocurrency may be popular and have extensive reach around the world, it is very volatile. It has also been used wrongly for criminal purposes. If you are considering purchasing coins, you are doing so at your own risk.



Healthy Habits Win Results
Development, Discipline, Endurance, Growth, Habits, Health, Mindset, No Pain No Gain, Strength, Win

Healthy Habits Win Results

Last book read: “Never Split the Difference” by Chris Voss

Books I’m currently reading: “Principles” by Ray Dalio

Biggest Investment return: Tesla @ $66.61 (purchased at $286.28, sold at $352.89)

On my mind: Fail Better


Today, I want to share about mindset. Mindset to improve the ‘how to’ part of success: Healthy Habits Win Results. Have you ever wondered why it’s so difficult to make money but so easy to spend? Have you thought of the underlying reasons for your habits? How have you tried to deal with bad habits?

The 80/20 Principle

In my recent endeavors, I have been finding habits that distract and detour me from my goals (more on my goals here). With intention, I have made some drastic changes. Perhaps you have heard of the Pareto’s 80/20 principle, which states 80% of effects are caused by 20% of factors. Here’s an everyday example: we wear about 20% of our clothing 80% of the time. Here’s another one: 20% of criminals commit 80% of the crime (Dunedin Study). Another one: 20% of employees bring in 80% of the results. You get the picture.

Poor Habits Poor Results

I applied the principle to my own life and found that a few bad habits formed over the years negatively impacted me in a big way. For one, I slept and woke up late, which affected the rest of my day. When I started working, I rushed from my bed to the bathroom, to the kitchen, to work. I found myself barely getting to work on time; 20% of my actions were causing 80% of my stress and frustration.

Parking at my work place is $95/ month! Yes, $95 for the convenience of parking in a structure. What’s amazing is that many people actually pay this amount to for convenience. I was taken aback by the number of people that chose to pay to park. Given the choice, I opted for street parking. I soon after discovered a gold mine, an all-day parking spot near work with the length of half a football field.

Glass Half Full?

However, the struggle was getting a guaranteed spot. In effect, many times I had to park in a 2 or 4 hour parking spot and move my car accordingly and the 2 times it slipped my mind, I paid for it. $98 to be exact at $49/ ticket. In addition, I found myself like many others, rushing into the office, tired and groggy. Thankfully, in my 6 months of working at this particular job, I have only racked up 17% ($98 in comparison to $570) of the price I would have paid if I had decided to pay to park. Ultimately, I didn’t want anymore tickets and all the other symptoms of poor decision-making. Frankly, I was fed up.

Healthy Habits Win Results

I came across a book called Miracle Morning, by Hal Elrod, which was a collection of morning routines successful people practice, lumped into 6 components of an ideal start to the day. The idea is win the morning, win the day. S.A.V.E.R.S. is an acronym highlighted in the book which stands for Silence, Affirmations, Visualization, Exercise, Reading, and Scribing. More on the details of the acronym another time. In order to start my day right, I realized I would have to wake up over an hour earlier, sleep earlier, and proactively engage my morning. I took action upon reading the book but was faced with one of greatest initial barriers – my body viscerally opposed the change. It took some trial and error to get to a point of consistency.

“Your first ritual that you do during the day is the highest leveraged ritual by far, because it has the effect of setting your mind, and setting the context, for the rest of your day” – Eben Pagan

I it took one day at a time to get started, which would turn into 2 days, 3, 4, 5, and so on. Now, I start my weekday mornings at 5am every morning and I can gladly say it’s a part of my daily routine. Finally, I have enough time to eat breakfast on the dining table, get the all-day parking spot every/ most work days, feel lively by the time I get to work, and am more focused as I start my workday.

Accountability And Commitment

It was difficult to start incorporating a morning routine for a night owl like myself but I managed. I’m grateful for my like-minded friend who came alongside and was willing to join me in building these morning habits together. We decided it would be good to call each other first thing in the morning and talk with one another until we were awake, then jump into our routine. In the beginning this was crucial but now, after 3 weeks of trial and error, my body is settling into the routine.

No Pain, No Gain

We hear it all the time, “No pain, no gain”, but I have found it to resonate deeply with me. The initial change was agony; to both my mind and body, but with changing my mindset and making better choices, I reaped the great rewards. Don’t get me wrong, the 1st minute of my morning is war. Yet, I’m failing better, one step at a time.


Let’s talk Habits

Do you have any unhealthy habits that causes you unnecessary stress? Have you made any attempts to change your habits? Are there healthy habits that you are trying to form?



The Miracle Morning for Entrepreneurs” by Hal Elrod

Entrepreneur, Experiences, Finances, FIRE, goals, money, passive income, Retirement, wealth

Financial Goals

My financial goals are not necessarily to become as wealthy as possible but to achieve a level of passive income that would allow me more time to teach others how to achieve the same thing, travel the world, eat great food, and enjoy more time with friends. Therefore, my financial aim for the next 3 years is $10,000/ month passively. While blogging is one of the ways I hope to achieve my goals, I also hope to invest in real estate and start a business. Since I am currently being mentored by Tim Kim who was featured on Business Insider, CNBC, Huffington Post, and other successful people, I find the encouragement and insights to help me traverse my financial journey. In addition, I am also connected to a group of like-minded individuals with entrepreneurial pursuits through Tim’s exclusive Facebook group (for more info: click here).

Financial Status

I am currently:

  1. Work: Full-time (40 hours/ week) & Part-time (10 hours/ week)
  2. Investment: Roth IRA, 401k matching 5% of my income, and Cryptocurrency

Monthly Gross income: $3,800+

Monthly income Goal: $10,000

Reason for FIRE

Entrepreneurship is in my blood! It started with my dad’s pop who was a leader in the fashion industry in Korea. He chose to move to the United States to provide better opportunities for his 5 children. However the difficulty of the states proved to be grueling. My grandfather/ grandmother worked rigorous hours knitting clothing and running a liquor store. Why? They needed to provide for their family. Entrepreneurship stemmed from hardship.

My father was forced to quit college midway to help out in the family business. As a result, he had to set aside his ambitions to contribute his time and energy into the business. However, he eventually started his own business in the fashion industry providing textile to clothing companies and was on a steady path to growth. All seemed well for several years. Then misfortune and devastation hit and it seemed endless. One scam after another wore down on my humble and hardworking father, until it took his will to continue. His business was no more.

This story reminds me of the reality in my pursuits of becoming an entrepreneur. Yet, it also gives me motivation to pursue Financial Independence/ Retire Early (FIRE) and provide for many families including my own through teaching what I learn along the way.

Discovering Financial Independence

Mid to late last year, I discovered an entrepreneur, Tim Kim, who had grown his wealth to $1,000,000 by the age of 30 and shared on his blog how he got there. It set me off on the path to discovering FIRE bloggers, podcasts, networks, and books which I have been steadily digesting and applying in my personal life. Below are some things I’m currently doing to achieve one of my goals of $10,000 in 3 years.


  1. Learn: Read, digest, then apply.
  2. Accountability: Develop relationship with like-minded individuals.
  3. Refine: Fail better.
  4. Goals: Set SMART (specific, measurable, actionable, relevant, time-based) goals.
  5. Edify: Serve others.

*This post contains affiliate links.


Share your journey!

These are a few steps I am taking in order to achieve my goals. So what are your financial goals? Have you thought of financial independence? Most of all, where are you in your financial journey?

Your thoughts and comments are welcome!


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Bitcoin, Cryptocurrency, Entrepreneur, Experiences, Finances, goals, making money, MLM, money, passive income, Retirement, rich, Savings, Taxes, wealth

Income Development

Banner Featured by my Financial Mentor Tim Kim

Streams of Income

Did you know that the average millionaire has 7 streams of income? The answer would be the more the merrier. Diversification is an essential component of every experienced investor. Take for example Tim Kim (read about streams of income here), a self-made millionaire and mentor of mine that I am learning from. He has over a dozen streams of income.

My streams of income

I currently have 4 streams of income including my 9-5. It’s a goal of mine to develop 2 of my income streams, which involves blogging and stock options, this year to a total of $3k/ month. I will keep you all posted on my endeavors.

Journeying to FI

It’s always been in my mind to be financially independent so that I could spend intentional time with my friends, travel the world and meet people from all walks of life, and adding value to everyone I meet. Initially I ran into people who had ulterior motives, which was a teaching lesson all on its own (click here to read more).  Then I met someone who had the level of success I was looking to achieve someday and he was an open book on how he got there. I started following his blog and am currently receiving mentorship from him. The spark and pursuit of this journey of FI was ignited just mid-last year.

Humble beginnings

When I started reading blogs on financial independence, I was really just getting through each month with few dollars to spare. I had a part-time job that was paying meager wages, but thankfully I enjoyed the work! I eventually obtained another job with much better pay, creating 2 streams of income but wasn’t making enough to invest.

Goal Setting

I decided to set my sights and goals higher and applied to full-time positions that would allow me room to invest. One of my goals was to get a full-time job by the end of the year. By God’s grace, I interviewed in December and started my full-time job in January 2018. Now it’s time for me to expand my income streams and develop them. I am currently settings a dream line (mentioned in Tim Ferris’s book 4 Hour work week) and hope to get started on defining what I will be doing each day to accomplish my financial goal.


Currently, I am working full-time, working part-time at my church as a worship director (which is a great joy), taking 2 real estate classes, blogging, investing into a Roth IRA through Schwab, investing in Bitcoin/ Cryptocurrency (click here to read more), trading options through Robinhood, and advertising a Social Media Agency. I have room to grow in each of these areas and it is my goal to improve everyday. By the end of this year, I hope to reach 2k/month from blogging and share with you all my progress. Thanks for joining in on the journey!

*This post contains affiliate links.


Care to share?

Do you have interest in reaching financial in reaching financial independence? Where are you financially? What are your financial goals for this year?


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