About this episode
If there is one thing many rental property investors often overlook, it’s broader financial planning. Fortunately, today’s guest candidly shares financial planning insight specifically geared toward rental property investors, or those looking to get into the rental game.
Kit Lancaster is a war veteran, and the president of Sterling Edge Financial. Sterling Edge Financial is an investment management firm that provides customized financial planning, as well as investment and insurance strategies for business owners, families, and other professionals.
In today’s episode, Kit not only shared his thoughts and perspectives on key topics related to financial planning, he also provided guidance and some helpful tools to ensure your financial planning is on the right track.
- What financial planning is
His take on rentals versus stock market investments
Why it pays to diversify one’s portfolio
The best strategy to start investing in real estate
The pros and cons of investing in real estate through the stock market
What he recommends to people when it comes to managing their assets
Tools he recommends for personal financial planning and management
What a cash strategy is
What’s advantageous for those who invest in real estate in terms of legal structures
What he recommends from an insurance standpoint
Investments he’s most excited about
His thoughts on financial planning
What his personal and business goals are for 2020
How people can get in touch with him
Links
Living Off Rentals - www.livingoffrentals.com
Sterling Edge Financial - https://www.sterlingedgefinancial.com
Kit Lancaster Linkedin - https://www.linkedin.com/in/kitlancaster
Erie Insurance - https://www.erieinsurance.com
Amazon - https://www.amazon.com
Money Guide Pro - https://www.moneyguidepro.com/ifa/
eMoney - https://emoneyadvisor.com
EveryDollar Budgeting App - https://www.everydollar.com
RightCapital - https://www.rightcapital.com
YNAB (You Need a Budget) - https://www.youneedabudget.com
Robinhood - https://robinhood.com
Dave Ramsey - https://www.daveramsey.com
Principles: Life and Work by Ray Dalio - https://www.amazon.com/Principles-Life-Work-Ray-Dalio/dp/1501124021
Principles for Navigating Big Debt Crises by Ray Dalio - https://www.goodreads.com/book/show/41317431-big-debt-crises
Financial Independence Retire Early (FIRE) - https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp