As part of the DINKS mission to bring you good information on investing and wealth building, today’s posting is on John T. Reed. Reed is an independent real estate investor and author who has written prolifically on topics like managing and acquiring multifamily rental properties.

Reed is famous for his debunking of real estate “gurus” like Rus Whitney and Bob Kiyosaki. In fact, this is what he is mostly famous for, but it’s not the focus of this post.

For people interested in good info on real estate investing, Reed is someone you might want to consider. I initially heard of Reed when I found a copy of one of his books How to Manage Residential Property for Maximum Cash Flow and Resale Value at the DC public library. Later, I found Reed’s website and have since visited it periodically.

For what it’s worth, I would pop over to Reed’s page and check out his free content. There are several good discussions of various real estate investment methods. I would also check out his guru ratings page, just because Reed’s iconoclastic style makes for a fun read.

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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