Monthly Archives

January 2017

Daily life, Planning, Real Estate,

A big mistake: the danger of underestimating…

danger underestimating mistake money miscalculation misestimate

Holding a PhD on Applied Mathematics, being type A personality and a little OCD, I typically estimate things very accurately and thoroughly (sometimes too much!). Turns out that I messed up big this time.

I am very proud of RP#3 – it will generate a 50% Cash on Cash return and I will add 6 units to my portfolio. This would not be very surprising if we weren’t talking about a <50k property…

When I bought it, I knew right away that I would have to spend serious dollars towards renovating it. However, I did underestimate what I was going to spend…

Tricks,

Two-Step Verification – get yourself some extra security!

security two step verification

Recently, my laptop got hacked! As I use my laptop to access my bank accounts, online brokers and what not from it, I freaked out. After the adrenaline rush, I started to think of ways to get myself some extra security.

Bank accounts are naturally protected – people cannot really transfer money from their accounts without having another key (other than the password on the online platform) or confirming a code provided via SMS. This is called “two-step verification”. The principle is simple: in order to access one of your accounts, you must use something you know (such as your password) and something you have (such as your cell).

Other accounts (e.g. email) only rely on a single password (…that many people often re–use among all their accounts).