You may have been encouraged by an insurance agent to purchase annuity with the assurance that you are going to receive a steady stream of funds during your retirement. The reason that more and more people become interested in investing in annuities is the promise that they will profit from their investments once they are in their retirement age. ...
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Things you must do to succeed at real estate investing
Real estate has become among the most lucrative venture for investors. Though expensive to start, investors get profit within a shortest time. However, making the real estate investment becomes a risky venture because you have to make the right decision for success to come. If you are a new investor, the following things you must do to succeed at ...
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Am I Wealthy Enough for Wealth Management?
Am I wealthy enough for wealth management? It is the question of the day! When do I have enough assets that I could benefit from an expert? I know you probably don’t feel as though this is even on your horizon, but someday you might. Why wait? You can use some great free tools to manage your money. It will keep you better organized and on ...
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4 Decisions that Will Cost You a Fortune!
As I get old(er), I tend to reflect on my decisions more often. It is one of the ways I learn to make better decisions and learn from my mistakes. Yes, I make mistakes! If you are making decisions, you make mistakes. No one bats a thousand! You cannot avoid making mistakes, but you should make more good decisions than bad ones. Especially the ...
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Are You a Genius or a Fool?
“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 ...
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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 ...
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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 ...
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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 ...
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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 cost. Opportunity cost is the cost of any activity measured in terms of the value of the ...
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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 ...
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