delayed gratification

FIP’s best of 2010 to help you get started in 2011

by Jay Castillo on January 6, 2011 · 8 comments

in Financial freedom, Financial literacy, Real Estate Investing

*I have turned this into a sticky post for new visitors. I was supposed to finish writing my “Goodbye and thank you to 2010, Hello 2011…” post, but ended up with this list of the best “How to” articles from Foreclosure Investing Philippines during the year that passed. After all, FIP is so much more [...]

Instant gratification versus delayed gratification

by Jay Castillo on November 15, 2010 · 28 comments

in Financial literacy, Managing Finances, Real Estate Investing

After inspecting a bunch of foreclosed properties recently, I was to drop-off my real estate broker at her house. Her grandson who was around 7 years old, approached us after I parked, while we were still inside my car. He signaled me to open the window, which I did, and he noticed I was using [...]

A parable on creating a Passive Income Stream

by Jay Castillo on December 11, 2009 · 13 comments

in Mindsetting, Real Estate Investing, Reflections of a real estate investor

I was cleaning out my archived emails in preparation for returning my company issued laptop when I stumbled upon this very interesting story in one of my emails in my sent items. I forwarded this same story to my friends way back in January 2006, a few months after I first read “Rich Dad Poor [...]

Buy income generating assets first

by Jay Castillo on November 27, 2009 · 29 comments

in Real Estate Investing, Reflections of a real estate investor

While I have said in the past that it would be great to buy a house and treat it as an investment, I want to take it a step further. What if instead of buying a house outright, one would first buy an income generating asset that would generate positive cashflow and help take care [...]