From the category archives:

Investments

Post image for Is There a Right Time to Buy Real Estate?

The real estate market is booming.  Some prices are up to pre bubble prices.  Is it too late to buy real estate?  The short answer is no!  My theory is prices are always higher than you like it.  If you are one of those people who are looking to buy at the bottom, you missed your chance!  Interest rates are the lowest in sixty (60) years.  What are you waiting for?
Read More…

{ Comments on this entry are closed }

Post image for Gimme Shelter, Tax Shelter!

A home is more than a tax shelter!  You may live in a condominium, cooperative, townhouse or a single family residence.  Whatever the type of home, it is your primary residence.  It may be your first tax shelter!  A legal method of minimizing or decreasing an investor’s taxable income and, therefore, his or her tax liability.  Buying a home decreases your taxes, but there is more!

Read More…

{ Comments on this entry are closed }

Post image for I Love Other People’s Money!

What is other people’s money?  When you buy real estate, you usually get a mortgage which is other people’s money.  It is a way of leveraging your down payment in order to buy an asset.  When you borrow money to buy a business, it is other people’s money. Whenever you borrow money to make an investment or financial transaction, you may be using other people’s money (OPM) in the form of a loan. Read More…

{ Comments on this entry are closed }

Post image for Why You Should Think Twice about Paying Off Debt!

Do you pay off debt or invest?  Many personal financial bloggers suggest to always pay off debt.  It is not that simple!  Whenever you have to make a financial or any kind of decision, you should examine all the alternatives.  It is commonly called opportunity costOpportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). Read More…

{ Comments on this entry are closed }

Post image for How to Select Investment Property?

Finding a good investment property is no easy task!   Many people buy a home to raise a family, a hedge against inflation or flip and make a quick profit.  There are still others who buy homes as an alternative to investing in the stock market.  It may be a vacation home or a rental property, but it is still an investment!  If you want to find a good investment property, you need to know what to look for in a property.   Read More…

{ Comments on this entry are closed }

Post image for Should You Invest in Rental Property or a REIT?

I love rental property!  I bought my first home when I was twenty-seven (27) years old.  My next investment was a nine (9) unit apartment building when I was thirty-one (31) years old.  Over seven (7) years, I accumulated more properties.  By the time I was thirty-eight (38) years old, I achieved financial freedom.  Investing has its risks and rewards.  Can you invest in rental property without being a landlord? Read More…

{ Comments on this entry are closed }

Post image for Rental Property Investing Tips

I love rental property!  Where else can you leverage your investment for thirty (30) years at a low interest rate and have someone else pay for it?  Real estate and rental property are not risk-free; however it is one way to accumulate wealth!  It starts with savings and how you invest your money.  You can start out small by renting out your first home.  What are you waiting for? Read More…

{ Comments on this entry are closed }

Post image for Nearly Half of all Americans Die Broke in Retirement!

Nearly half of Americans will be broke in retirement!  They will rely solely on Social Security to support themselves.   What if Social Security changes and how will you survive the changes?  How do you see your retirement?  Do you have enough savings for a comfortable retirement?  Will you live off of Social Security or keep working?  What will you do? Read More…

{ Comments on this entry are closed }

Post image for Retirement and a Stool!

What does retirement have to do with a stool?  The three legged stool describes a retirement strategy of Social Security, pension and personal savings.  This strategy is dated since very few employers offer pensions.  What changed?  Most employers replaced pensions with 401k plans where employees contribute on a pretax basis to an annual limit.  These funds grow on a tax deferred basis until withdrawal. Read More…

{ Comments on this entry are closed }

Post image for I Am Getting Younger

I am getting younger!   My hair is still gray and chronologically I am still sixty-five (65) years old, but I feel much younger. According to http://www.Realage.com, I am  ten (10) years younger to be exact!  Maybe it was the hip car, I just bought?  Maybe my recent blood work will reveal something?  Maybe, it is all the attention I get from much younger women!  Why does this matter?  It means I will live longer! Read More…

{ Comments on this entry are closed }