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4 Reasons Why Real Estate Investment is Great for Time-Seeking Moms

May 9, 2016

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4 Reasons Real Estate Investing is Great for MomsAt Checklist Mom, we are all about helping moms find more time freedom.  One of the best ways that I’ve found to get more time freedom, while making money is through real estate investment.

I’ve been a real estate investor for 11 years now.  I started with duplexes and single family home flips and my husband and I are now moving to bigger properties.  I have found real estate investment to be great for my family’s finances and lifestyle.

It’s a wonderful business for women, especially moms, but there are relatively few women in this space.  I’m always striving to improve my skills and knowledge, so I attend a lot of real estate conferences and seminars.  When I’m in these conferences, I’m always surprised at how few women are there (often it’s less than 10%).  It’s surprising because real estate is a particularly great investment opportunity for women – especially moms.

Here are 4 reasons why I think real estate investing is particularly great for moms:

Photo courtesy of Ken Teegarten www.SeniorLiving.Org

CC. Photo courtesy of Ken Teegarten www.SeniorLiving.Org

  1. Cash flow –  Provided you invest well, your real estate investments should provide cash flow from day 1.  In other words, after you deduct expenses from the income from your tenants, your have profits that you get to keep.  It’s a GREAT way to make money, and it’s mostly passive income (i.e., you don’t have to work for it – the money just comes to you).
  2. Life-style Friendly Business – remember that part about receiving cash flow that’s mostly passive?  That means that while you are making money your time is freed up for you to spend more time with your family, travel, etc.  Since we are all about helping moms find more time for themselves, we love this.
    Photo courtesy of Obra Shalom Campo Grande cc

    CC. Photo courtesy of Obra Shalom Campo Grande 

  3. Appreciation – Property values aren’t always rising, but over the long term all real estate values tend to rise or appreciate. This means that in addition to the cash flow, your net worth is also increasing as the value of your properties increase.  This is helpful for you and can be a vital part of leaving a legacy for your children.
  4. Tax Benefits – the federal government decided that they wanted to promote property ownership, so there are all sorts of tax benefits in the tax code for doing so.  First, unlike other businesses you might own as an entrepreneur, rental cash flow is not subject to self-employment tax.  In other words, if you make $25,000 in rental income in a year or $25,000 with a side-business selling crafts on Etsy, you’ll pay less taxes on the rental income. Another way in which you get to keep more of your cash flow is through something called depreciation.  It allows you to deduct a portion of the property value from income and pay less taxes.  In some cases, even though you’re getting income from your investment property, your property will reduce your overall tax burden (so you’re paying less taxes on all your income – not just on your income that you receive from the property).

For these 4 reasons and more, I think real estate investing is great for moms.  I am passionate about helping more moms/women get into this game, and from the conversations I’ve had with women I know the biggest barrier to getting into investing is knowing how to start.

That’s why I am presenting a free live webinar on Wednesday August 10, 2016 at 12 p.m. PST/3 p.m. EST for women called “How to Get Started Real Estate Investing Like a Goddess

In this webinar I’ll share:

  • the 7 biggest benefits of real estate investing
  • who are the members you need on your team to make sure your investment is a success
  • how you can find a great property that will cash-flow on day 1
  • how to get an investment property using little to none of your own money
  • what are the first steps you need to take to get started
  • and much more!

If you are interested, click here to sign up for the free live webinar on Wednesday August 10, 2016 at 12 p.m. PST/3 p.m. EST “How to Get Started Real Estate Investing Like a Goddess“.

We won’t be sending out a recording of this webinar, so make sure you’re there live and ready to take notes!  Also, please forward this to any other women you think might be interested.

 

Monick HalmMonick Paul Halm is the Chief Creative Officer at the Checklist Mom.  She has made it her mission to empower women and moms to thrive in their lives, families, and careers.  She’s a busy mom and stepmom of 3, certified life and career coach, author, speaker, and real estate investor.  She’s a wearer of many hats, and juggler of many duties and loves connecting with our moms.  You can connect with her on the Checklist Mom Facebook Page and on twitter as @monickpaulhalm.

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How this Busy Mom found 14+ Extra Hours a Week

April 9, 2016

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How this busy mom found 14+ Extra Hours Per WeekIn the Checklist Mom “Peace of Mind – On the Checklist” Training Program, our time-management program for moms, I talk about a powerful tool called tracking that helped me find an extra 14+ extra hours a week!

Tracking is merely writing down how you’re spending all the minutes of your day.  I set a timer on my phone and then track whatever I have been doing for the past 30-60 minutes whenever it goes off.

iPhone timerDoing this exercise is so powerful.  After doing it for just one week, it helped me easily find up 14+ extra hours a week!

Before I got married and had children, I had a pretty good handle on time. I worked a very demanding job as a law firm associate (usually 60+ hour weeks), I trained for triathlons (usually 2+ hour workouts per day), I had a busy social life, I volunteered with several organizations… I did A LOT during my week. People would often ask me “how do you do everything that you do???”  I wasn’t really sure, but without trying too hard, I managed to do it.

When I got pregnant and had my baby things dramatically changed. All of a sudden, I could barely cope with just working and taking care of the family. I thought it was sleep deprivation and the demands of taking care of another human being.  Those contributed, but not as much as I thought.  It wasn’t until I started tracking and taking a good hard look at how I was using my time that I realized what a major change I had unwittingly made during pregnancy.

Before I got married and moved in with my husband I didn’t have a television. I hadn’t owned one or watched TV for at least 10 years. Even after I moved in with him I still pretty much ignored it until I got pregnant.

During my first trimester though I was so exhausted the only thing I had energy for when I came home from work was watching TV. I didn’t even have the energy to go out or to read like I had previously done. When I got home from work I collapsed in a heap on the couch until I was on the brink of sleep. I then dragged my weary body to bed where I slept for the rest of the night.

Me during my pregnancy.

Me during my pregnancy.

After that first trimester my energy started coming back, but I continued watching TV. I, my husband, and step-kids had gotten hooked on some TV shows. We all watched as a family and it felt very bonding. The TV came on after homework and generally stayed on until after bedtime. I didn’t feel like I watched “that much” TV, but when I actually tracked my time usage, I realized that I was watching 2 – 4 hours of TV per day! That’s 14 – 28 hours per week!! No wonder I’d been so much more productive before I got pregnant and had my daughter! I thought it was motherhood that screwed with my time.  The big issue wasn’t the kid. The issue was that I was now spending all those hours on my butt watching the tube.

When I became conscious of where my time was going, I decided that I preferred how I used my time before TV. I stopped watching TV for the most part and went back to reading books (one of my great loves), painting, going to networking activities, spending more quality time with the family, volunteering, putting more focus into my business, and other activities.

By doing this, I suddenly found time for things I had the hardest time fitting in before. I’ll still watch the occasional movie with my family but for the most part, my time doesn’t go to TV. I also cut out some other activities that were sucking my time and energy, but TV was the main one for me.

Something happens when you get conscious of what you’re actually doing with your time. I’m going to guess that if time is a problem for you, then you probably have little sense of where exactly your time is currently going.

I suggest that you start tracking.  It will show you clearly how you’re currently using your time – you will be able to make conscious decisions. These conscious decisions will allow you to feel more productive and will help you get rid of the stress, drama and guilt. You will probably choose to let go of activities and even some people that drain you. You will choose to say “No” to some people and you probably won’t be able to please everyone. But you’ll be pleasing yourself and that’s what’s great.

Tracking is just one tip in the powerful 10+ lessons of the Checklist Mom “Peace of Mind-On the Checklist” Training Program.

Checklist Mom - Peace of Mind - On the Checklist Training ProgramIt’s a program created by a mom (yours truly) for moms; has lessons that are super simple and quick to implement, is made to work with the powerful and free Checklist Mom app, is guaranteed to find you 3+ extra hours per week of guilt-free, stress-free, drama-free time for YOU to do with as YOU want, AND is on sale for a limited time.

If you’re interested in finding out more check it out HERE.

In the meantime, if you feel like time is a challenge for you try tracking your time and see what happens.  In my experience and the experience of my students is’s magical.  Let me know how it goes!

Monick HalmMonick Paul Halm is the Chief Creative Officer at the Checklist Mom.  She has made it her mission to empower women and moms to thrive in their lives, families, and careers.  She’s a busy mom and stepmom of 3, certified life and career coach, author, speaker, and real estate investor.  She’s a wearer of many hats, and juggler of many duties and loves connecting with our moms.  You can connect with her on the Checklist Mom Facebook Page and on twitter as @thereikicoach.

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4 Time-Saving Hacks for Busy Moms

March 29, 2016

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4 Time-Saving Hacks for Busy Moms

Regardless if you’re a working mom or a stay-at-home mom… I’m going to say that staying on top of all the things you need to do is one of the biggest balancing acts of our lives! I went to college and law school and that was way easier than being a mom!

Sometimes I think there should be a parade for us moms because we are pretty amazing human beings. Oh well. I digress. Today I want to discuss what it takes to stay active and stay organized. These are pretty unconventional ideas, but they work!

Put Your Kids in Their Clothes Before Bed

Put clothes on babyThis is an idea from my sister-in-law.  This may sound weird but it can save you so much time. After you take your kid out of their evening bath, put on their clothes that they’re going to be wearing tomorrow. This way, when they wake up, all you need to do is brush their hair a little bit or brush their teeth and you’re off! Talk about hassle free. The idea is to train your kids and yourself to be ready and active right when the day starts!

She says you can do the same for you! Don’t wear your work clothes in bed, but you can wear your workout clothes. This way when you wake up you can quickly go for a run or just workout before you get the day started.

I said this is my sister-in-law’s idea.  This doesn’t work for me because like my husband my youngest is not a morning person.  (It not applicable to my two other kids because the oldest is in college and the next one graduated from high school and is pursuing acting and music.)  If my 7-year old were more like my niece and nephew this would be great.  She never pops out of bed ready to go though.  In the morning she drags herself to the bath and sits semi-comatose for about 20 minutes before she starts to wake up, soaps herself up and gets dressed.  By the time she’s dressed 30-40 minutes later she’s awake and ready to be off.

What we do is gather her clothes and have what she’s going to wear laid out the night before.  This saves time in the morning from having to pick clothes and helps us save time in the morning.  I also like to gather my workout clothes and lay them out before bed.  Whilst we do sleep in pajamas, having those clothes ready to go in the morning definitely is a time- and stress-saver.

Create a Hassle Free Lunch!

Tupperware

Photo by Kathleen Franklin on Flickr.  CC 2.0

Once or twice a week it is best to bring a child or two in the kitchen and help you prep your family’s weekly lunch meals. All you need to do is cook some food and store it in Tupperware containers (one for each family member). This allows your hands to be free for the rest of the week! It also gives you more time to workout or get to other pesky errands you had planned in your day.

We also prep lunches the night before.  That way, in the morning you need only grab and go.

Write a Nightly To-Do List

You never ever want to go to bed blind. This means that right before you go to bed you should take an index card, a small piece of paper, or your smart phone and note down a few things that you want / need to accomplish for the next day. This way you know exactly what needs to be done when you wake up. It helps lessen confusion and puts you on track.

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Photo by David D on Flickr. CC 2.0

Assign Weekly Chores

It’s really cool to assign your family weekly / daily chore assignments. For example, in my house, my husband is assigned to put all the laundry in the washer every Tuesday night. And, I’ve assigned myself to put it into the dryer every Wednesday morning. And, we have it assigned that ever Wednesday night we fold the clothes together.

We’re now doing this with cooking, cleaning, and even gardening. The kids have their chores too.  This way everyone is accountable to making sure that the family life is going well for anyone: a family who works together stays together.

I understand that these tips could be a little unconventional. But we live in the 21st century and it’s time that every single person in the family should hold some sort of responsibility to make sure that Moms are given the proper support to stay active and organized! The family unit is even stronger when the mother is happy and rested. 😀

What are your tips for finding time and staying balanced?  Please share in the comments below

 Monick HalmMonick Paul Halm is the Chief Creative Officer at the Checklist Mom.  She has made it her mission to empower women and moms to thrive in their lives, families, and career choices.  She’s a busy mom of 3, certified life and career coach, author, speaker, and real estate investor.  She’s a wearer of many hats, and juggler of many duties and loves connecting with our moms.  You can connect with her on the Checklist Mom Facebook Page and on twitter as @thereikicoach.

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