Welcome to Own Stuff! If you’re here to learn, then you are in the right place.
This website is dedicated to educating people on how to grow their wealth, make good investments, and Own Stuff. What kind of stuff? Income-producing assets, such as small businesses and commercial real estate.
Here, you’ll find resources and insights to help you understand the benefits and challenges of equity ownership and make informed decisions about your own investments. We hope you’ll find the information posted here useful as you learn.
Build Wealth Responsibly
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How to Buy a Business
I struggled to build a business over the last five years. The fact that it has been successful does not mean it was the smartest thing to do. It was a much higher risk than I knew at the time. I have learned a lot and thought I’d share one line of thinking I got…
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How Interest Rates Affect Capitalization Rates
Interest rates and cap rates are both measures of the cost of capital, but they serve different purposes and are used in different contexts. Many people overlook the dramatic effect of interest rates on cap rates. Understanding their relationship is integral to analyzing any potential real estate investment. Interest rates are the cost of borrowing…
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How To Build Wealth
Everyone has a get-rich-quick scheme that will make you a millionaire in a minute. But whether it’s crypto or a side hustle, all of these plans leave you wondering, “Are they really as foolproof as they seem?” Michael Girdley lays out his own plan for growing wealth. It is not quick or easy, but if…
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How to Start An Auto Detailing Business This Weekend
If you’re into cars and looking to start a business, starting an auto detailing business could be a great idea. Luckily, it’s not too difficult to start off — even if you’re fairly new to automotive detailing. You don’t even need many specialized tools for it (that you don’t already have) to get started. Let’s…
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Be Like Carnegie: Steel Tycoon & Philanthropist
“The man who dies rich thus dies disgraced.” Andrew Carnegie There’s few examples of great effort, leading to great wealth, leading to great impact, quite as good as the story of Andrew Carnegie’s life. We’re taking a look at him as an example of why great wealth, wisely deployed, can make a huge difference beyond…
