Everything is always on sale seems like an exaggeration! If you are expecting to go to your local store and find absolutely everything on sale, you will be disappointed. Then again, you can find just about everything on sale somewhere. Online retailers are constantly discounting their products and there are always coupons for discounts and free ...
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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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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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How to Use Credit Cards Responsibly
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 ...
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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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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 ...
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Breaking Down Consumer Loans
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 ...
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I Am a PF Coach and I Should Be Fired!
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. ...
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Rich Man, Poor Man
Rich man, poor man is not intended to leave out women! I am really trying to examine the difference between rich and poor and help you achieve what you say is a goal. Most 18-25 year old say getting rich and becoming famous are important goals for them. I am not sure if it is limited to just that age group either! Do you want to know how to get ...
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How to Prepare for 2013 or Any Year!
Looking for new ideas, I came across hundreds of articles explaining how to prepare for 2013. There are a lot of things to do, but why limit it to 2013? You should prepare for every New Year by doing a few things. If you did not start a couple weeks ago, it is not too late, but no more procrastinating! Here are my five (5) things I do every ...
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