Post image for I am Wealthy, so What?

I was reading The Millionaire Next Door again and found out that I am wealthy!  The authors offer a calculation to determine if you are wealthy, just multiply your age times your realized pretax annual household income from all sources except inheritances.  Divide by ten. This, less any inherited wealth, is what your net worth should be.  Why does it matter?  It affects my whole life! Read More…

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Post image for Stop the Budget Insanity!

That’s right, stop the budget insanity!  If you think I am talking about what is going on in Washington, you would be wrong.  I am a lifelong planner and made a career out of budgeting, long range and strategic planning and financial management.   A budget is a structure to help you achieve your financial goals.  You can go through the motions or make it count! Read More…

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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…

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I Am Broke!

by Krantcents · 48 comments

Post image for I Am Broke!

I am broke, but not broken! Do I have your attention?  Should you feel sorry for me?  Do I need help?  Perhaps, I need a psychological evaluation?  My answer is simple, don’t worry about me!  You can take away my credit cards, my job and my money!  That’s right, everything including the car, home and Rolex too.  Have you ever thought about it?  What would you do?
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Post image for Road Map to Success – A Personal Story

Writing about success reminds me of the interview question tell me about yourself?  If you are not familiar with this question, it is an interviewer’s question to get the candidate to start talking.  Some call it a 60 second commercial!  It is supposed to focus on the skills you bring to the job.  I thought I would describe myself through my journey to success.   Read More…

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Post image for Using Google to Advertise and Increase the Revenue for Your Online Business

In any business, advertising is one of the most important things you can do. If no one knows your business or product exists, they can’t come to you for what they need. Google is one of the most popular search engines on the web. They provide two main ways for you to advertise your business within their search results. Read More…

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Should Age Matter?

by Krantcents · 31 comments

Post image for Should Age Matter?

Should age matter?!  I bet you think I am talking about me.  Just because I am older (middle aged), it isn’t always about me.  Alright, I am just past middle aged, I am sixty-six (66) years old, but as healthy as a thirty-five (35) year old!  I expect to live to a hundred, but more importantly thirty (30) years in retirement (again).  Read on because how we feel about age will affect you too! Read More…

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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…

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Post image for The case against paying off your mortgage!

Many personal finance experts suggest paying off your mortgage.  I realize that interest rates are very low on savings, but mortgage rates are historically low too.  If you itemize your income taxes, you can write off your mortgage interest and the government subsidizes your rate by giving you a tax deduction. The government is encouraging home ownership.  Why would you want to give that up?

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Post image for How Long Could You Play on a Losing Team?

Winning and losing is part of life!  Recently, I watched Super Bowl XLVII and Baltimore Ravens won.  The city of Baltimore celebrated and the game goes into history.  College sports have bowl games too, but how about the teams that don’t make it into a bowl?  There are teams that never win!  Can you imagine playing for a losing team?  I will chronicle what one person is doing and what they learn from it. Read More…

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