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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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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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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10 things I can’t live without seems like an obvious sequel! Recently, I wrote an article called 10 Things I Can Live Without. It was the success of that article that made me think about what I can’t live without. Whether you are planning, budgeting or just analyzing your expenses, I think you reflect on your decisions in order to develop your goals and plans. Read More…
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In economics, consumer debt is outstanding debt of consumers, as opposed to businesses or governments. In macroeconomic terms, it is debt which is used to fund consumption rather than investment. It includes debts incurred on purchase of goods that are consumable and/or do not appreciate. Debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate. Read More…
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Retirement can happen at any time! A typical definition of retirement is the act of leaving one’s job and ceasing work. In my parent’s generation, you kicked back and did not do much. It was a way of withdrawing or retreating from the work world. It may happen at a certain age or when you accumulate sufficient assets, money, investments or savings. Read More…
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That’s right, you are in business and you better be good! You can be in denial because you work for someone or you are a stay at home spouse, but you are fooling yourself. You are in business and you need good skills or you will go bankrupt. Before you panic, you do not need a degree in accounting, business or special skills. A little knowledge and common sense will help you succeed. Read More…
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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…
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10 things I can live without and I am okay!! You make New Year’s Resolutions to lose weight, set goals or budget and you need to make choices. So it is a very relevant question! What will you give up to achieve your goals? It could range from dessert, sleep to exercise, dining out or entertainment. Here are ten (10) things I can live without! Read More…
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That’s right, I should be fired! Where is Donald Trump when you need him? I think of myself as a personal finance (PF) coach that helps you achieve your goals and I am batting under 500. My percentage stinks and I should be fired. This is not an indictment of my expertise or my skills, but I want to do better. Read More…
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Daisy @ Prairie Eco Thrifter
We have a pretty good interest rate, and monthly p
Money Beagle
Looks like you already posted your decision, that
My Financial Independence Journey
If you are saving $1,200 at no cost to you, I woul
Untemplater
As you said there are lots of things to consider w
Kim@Eyesonthedollar
I have never had a bank call me to refinance, but
