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Too young to retire and too old to get a job! There are many people in their forties and fifties that feel that way. They lost their jobs in the recession and cannot find another one. They already exhausted their unemployment and have given up. That’s right, they stopped looking! They do not have the savings they should have and they gave up. What should they do? Read More…
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“Any intelligent fool can make things bigger and more complex… It takes a touch of genius – and a lot of courage to move in the opposite direction”. (E.F. Schumacher) Do you move with the herd? The real estate bubble and recession wrecked a lot of financial goals and plans. Wait, the stock market is back, stronger than ever! The real estate market is coming back too. What did you do? Read More…
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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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What you don’t know could fill books! It takes years and maturity to realize what you don’t know. I know because I have the (66 years old to be exact) years and maturity (just based on my age). Seriously, figuring out what you don’t know is real important and it should happen sooner rather than later. Did you figure it out yet? No problem, I will give you ten things just to start you off. Read More…
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Thomas
Well, I’m happy to be both, as long as long as I
Untemplater
Yeah that'd be a tough spot to be in. It'
Krantcents
Retire at 30, wow! What do you plan on doing for
Kyle @ Debt Free Diaries
Starting some type of plan when young is the best.
Krantcents
Thank you for your information.
