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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?
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Can you earn minimum wage and still become a millionaire? The short answer is yes! I am sure you have heard of so called poor people becoming millionaires, although not overnight. I am not talking about professional athletes, entertainers or lottery winners. I am talking about everyday people earning very little money and over time become millionaires. Not just millionaires, but multi-millionaires! Read More…
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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…
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Do details matter? Have you ever taken something apart and when you put it back together you have a part left over? It may or may not affect the overall operation, but it might! Details are important, but they are not all equal! I think it is the accountant in me that makes me pay attention to details. In accounting, everything has to balance just like in life. Do details matter to you? Read More…
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In case you are wondering, I am not dating! I just thought I should share some information about a dating service that answers the money issue. You won’t have to ask your date about money because you will know their credit score! As a service to my readers, I thought I would dedicate some time to discuss dating services and does it answer the real question. How is your FICO score? Read More…
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The usual definition for extreme includes words like serious, hazardous, dangerous, highest degree, exceptional, severe, physical or mental risk or hardship. I realize that retirement as a goal may be worthwhile enough to take risks, but extreme may be too far. Fool’s gold is anything that turns out to be worthless! Have you gone to extremes for retirement savings? Is it working for you? Read More…
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Did you do any tax planning for 2013? Probably not, you just finished your 2012 tax return and probably already received your refund. I bet it was big and you are using it to pay down debt, invest or just put it in savings. Some of you may even use it for fun things like a trip, shop or a few nice dinners. If you are not aware of the tax changes, you will probably pay too much in taxes next year too! Read More…
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“Impossible is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it. Impossible is not a fact. It’s an opinion. Impossible is not a declaration. It’s a dare. Impossible is potential. Impossible is temporary. Impossible is nothing.” (Muhammad Ali) Don’t tell me it is impossible, but find a way to succeed! Read More…
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Too many people have credit card debt! As of December, 2011, according to Capital One there was $801 billion total U.S. revolving debt. 98% is credit card debt! The total U.S. consumer debt is $2.5 trillion as of December 2011. The average credit card debt per household with credit card debt is $15,799. Just about everyone has a credit card and it is time to learn how to use it responsibly! Read More…
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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 cost. Opportunity 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…
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