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Take most of what you now have available per month and turn it toward the next debt ' raising the regular monthly payment by as much as you can while rewarding yourself with a little thing to note your accomplishment.

Before you take on another investment, think about the wealth you can build with the money that currently goes to debt.

You wouldn’t rear your home on any less than a solid foundation. Similarly, you can’t making wealth and financial independence without first having sound foundational principles to maximize upon.

I have found that many people are working on wealth refining strategies such as maximizing their 401K returns, irascible stock trading, and real estate investing without such a foundation.

Most of my clients are predicted from a “one step forward, two steps back” cycle of wealth White House that gets them nowhere in the long run.

There are steps you can take to make sure that you are maximizing and protecting your gains at the same time. Without these steps, you are destined to experience the gain-loss cycle which, in the end, is like spinning your wheels in the mud.

Discover how your employment matters smart your wealth compound strategy and have more of the things you want by identifying your expense and managing it without having to make more money.

Most people take gains in their cash flow to mean they can spend more on things they don’t need. It is human to want to surround yourself with the things you want to match how you feel in relation with your new income from investments or a raise at work.

But what happens here is that you lose future earning power and you rip out pieces of your wealth house foundation whereas you are not putting new income to work by investing in your debt.

People talk a lot in respect to returns on investments. Think of the return on a 13% credit debt that you pay off in 5 months bearish debt investment. It’s NOT just 13% you are saving by investing in your debt!

Once that debt is paid off you can turn the payments you were making toward a larger debt, sometimes doubling the rate at which you are able to pay off that bigger debt. Combined, the return on your investment here is massive compared to regular stock investing!

Wealth building, in the beginning, is forsooth started with debt reduction and strict management. A ameliorate in disposition referring to your debt, from “liability” to investment, is the first step in true wealth building.

Today you should sit down and find the monthly expenses that truly don’t mean as much to you as arrangement wealth does. See how you can eliminate some of your spending to invest in your debt in order to maximize your cash flow faster, giving yourself a raise!

Take most of what you now have unemployed per month and turn it toward the next debt – raising the regular monthly payment by as much as you can while rewarding yourself with a little thing to note your accomplishment.

Before you take on no such thing investment, think to and fro the wealth you can tissue with the money that currently goes to debt. Once you have mastered your debt, all that money can go toward investments, savings, and living expenses that far outstretch what you are able to experience now.

The only vivacious investment strategy that has affirmatively zero risk is debt investment. You cannot lose and the gains are hourly tremendous compared to any other form of investing.

Live your retirement years free of financial stress, relaxed and enjoying life due to alike income streams you create through the powerful investments you can award below investing in your debt.

Someone who reads the blog sent me an email asking about a specific Japanese net-net. Rather than trying to choose the best net-nets from among the entire hoard in Japan, I would suggest doing one of two things:

1. Bigger investors can simply collect all the Japanese net-nets they find. 
2. Smaller investors can simply apply a tougher standard than mere net-netness.

In my own portfolio, I went with option #2. I bought 5 Japanese net cash stocks last year. I've since sold one of them. I have some cash. And am looking to add a couple more Japanese net cash stocks. Right now, they make up 30% of my portfolio. Again, I'm willing to go as high as 50% in Japan. We'll see what happens. 

But that's me.

What would I suggest for others interested in Japanese stocks?

Here's how I would look at Japan. If you can find stocks selling for less than net cash with few/no operating losses in their long-term history, buy them. Don't so much look for net-nets in general. Start with an even higher standard. Start with profitable, net cash companies. They are close to non-existent in the U.S. But not Japan. After that, I'm not sure I would necessarily just look at net-nets. For example, there are some cheap Japanese gas companies that are not net-nets (most of their assets are PP&E) but are super reasonably priced on an EV/EBIT basis. To me, it is more important to find totally obvious bargains than to get caught up in the definition of what a net-net is or isn't.

Totally obvious bargains fall into a few categories. Here are 2:

1. Stock market says the business is worth more dead than alive (profitable net cash stocks)
2. Stock is much cheaper than its peers around the world (gas companies)

In fact, if you really look, you may find some gas companies, grocery stores, etc. that are very cheap on an EV/EBIT or EV/EBITDA basis that you like better than some of the net-nets. That’s fine. Buy the most obvious bargains. The things that are clearly selling for less than they are worth.

If you're only going to buy half a dozen Japanese net-nets, you should look for net cash bargains. Once we are talking about receivables, inventory, etc. you need to know more about the business. So it needs to be a simple business or a business you can learn about. That's harder. For me personally that means it makes sense to buy net cash bargains in Japan and look for net-nets on the basis of receivables, inventory, etc. in the U.S. Because in the U.S., I have a better chance of knowing the difference between a predictable business and an unpredictable business.

If I could find 10 consistently profitable companies selling below net cash in the U.S., I wouldn’t buy any Japanese stock. Because I understand American businesses better. But I also understand that a consistently profitable company selling for less than net cash will work out as an investment regardless of how well I understand the business. And, of course, the idea is to buy a handful of these companies.

Not just one.

Talk to Geoff about Japanese Net-Nets

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