PhREI Network Roundup | 9-17-2021

In today’s PhREI Network roundup, we’ve got a medley of knowledge and tips. Learn about the best security products for your short term rental, secrets to becoming rich, and why you should max your 401k.

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Carpe Diem MD

In yet another incredibly helpful post, Ian Cook reviews security products from the Ring versus the Nest ecosystems. I’m a Google fanboy at heart, but I have to agree with Ian that Ring seems to have a headstart in the home security and automation space.

I’m slowly shifting my products over to the Ring system, and will probably be purchasing both the Ring doorbell and the Ring security system for my short term rental.

Read the full post on Carpe Diem MD here: Ring vs Nest for your Short-Term Rental Property (Airbnb/VRBO)

The Darwinian Doctor

This post plugged a hole I noticed in my content. After three years of content, I finally wrote up a post that covers the basics of how to save money and invest to generate wealth over time. I outline six straightforward steps on the path to riches.

Here’s a preview of the 6 Steps to Save, Invest, and Become Rich:

  1. Map out your income and expenses
  2. Grow the gap
  3. Save an emergency fund
  4. Pay off high interest debt
  5. Invest regularly
  6. Wait

Read the original post here: How to Save, Invest, and Become Rich

The Prudent Plastic Surgeon

In this post, Jordan Frey focuses down onto the 401k and outlines the reasons why you should really max out your 401k retirement fund. Although I’m a big believer in real estate investing, I still make it a goal to max out my 401k every single year. Over my years of employment, it’s grown to represent a sizeable chunk of my net worth.

Here’s a preview of the reasons:

  1. Tax deferred growth
  2. Diversification
  3. Asset protection
  4. Behavioral simplicity
  5. Employer match

Read the post on The Prudent Plastic Surgeon here: 5 Reasons You Need to Max Out Your 401k

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