Fred started out as a computer engineer, working at tech startups during the dot com boom. Of course, what followed was the dot com crash and 9/11. He realized that relying on a single paycheck for income was risky, and he set about diversifying his income streams. Fred has seen young people go about tax planning the wrong way when trying to create other income streams, like day trading. Lauren has noticed that people are always trying to predict bubbles. Fred says that bubbles only matter if you’re selling right now. When it comes to real estate, it’s important to make sure the numbers work. Whatever you invest in, though, neglecting to manage risk is a potential area for mistakes. In real estate, that might be having an emergency fund. Since Fred is such an expert on mortgage notes, Lauren transitions to asking about these. In this case, you buy the loan (note) and become the secured lender. It’s a great way to be a passive real estate investor. Whatever you decide to do, learn from others about investing.

If you liked this episode, you’ll also like episode 204: Definition of Courage: Act in Spite of Fear.

About Fred:

Fred Moskowitz is an expert in alternative investing, with a focus on mortgage notes. His book, The Little Green Book of Note Investing, highlights his commitment to educating others on this unique strategy. Fred is passionate about financial literacy and helping individuals take control of their financial futures.

Connect with Fred:

https://www.fredmoskowitz.com/

https://www.giftfromfred.com/

https://www.amazon.com/Little-Green-Book-Note-Investing/dp/0578789981/

Connect with Lauren:

https://www.realadultingiseasy.com/⁠⁠⁠

https://twitter.com/AdultingIsEasy

https://www.instagram.com/adultingiseasyreal/

About Lauren:

Lauren Keen Aumond is passionate about personal finance. She hosts the Adulting Is Easy podcast, where she helpsmake adulting easier for listeners by making money easier. Lauren became a millionaire at age 31 through high income, investing in stocks, and owning and managing real estate. She was able to leave her 9-5 at age 33 and now manages her short- and long-term rentals on the west coast of Florida with her husband. For fun, Lauren plays tennis, spends time with her family, drinks red wine, travels, and boats.