The best time to buy property is when you can afford it. Ideally, you buy real estate as young as possible. This way, you get neutral real estate and ride the benefits of compound returns for as long as possible. With a lower cost basis, life gets more affordable over time. Inflation is too powerful […]
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There’s a perpetual debate raging whether one should include their primary home when calculating net worth or not. I think it’s absolutely fine to include your primary residence as part of your net worth. It’s also fine not to include your home as part of your net worth. You should calculate both because there is
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If you want to be rich, never buy a brand new car or a car in its first year of redesign. I’ve been a car fanatic forever, but I’ve also been a personal finance blogger since 2009. My goal for everyone is to reach financial independence sooner, rather than later. After owning Moose, my 2000
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Are you wondering how real estate performs when stocks sell off? This article is a deep-dive look at how real estate gets impacted when there is turmoil in the stock market like we saw most recently in March 2020. The post was originally published in March 2020 and has since been updated to reflect the
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Did you know that having limiting beliefs about wealth and retirement could be crushing your future? It’s time to break out of a negative mindset. To build wealth, you must adopt a positive money mindset. Despite highlighting four examples of people who are able to retire by 40, and providing very clear graphs that are
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Variable life insurance is a type of permanent life insurance with a varying cash value. The long-term savings, aka investment aspect, of variable life insurance provides a tax-free sum to beneficiaries. The amount of the policy’s total death benefit payout goes up or down depending on the performance of underlying securities held in the policy.
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If you want to get rich, you must abolish welfare mentality. Having a welfare mentality will keep you from taking calculated risks and giving your best effort. Instead of focusing on making as much money as possible, welfare mentality will keep you thinking about cutting your budget. Welfare mentality makes you depend on others to
Abolish Welfare Mentality: Janitor Makes $235,812 Plus $36,652 In Benefits Read More »
Now that millions more people are working from home due to the coronavirus, I thought I’d share some tips on how to keep your sanity. This is my work from home survival guide. I have actually been working from home since 2012, when I negotiated a severance and left corporate America for good. Losing the
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Are you selling a property and nervous about the process? If your local real estate market supports it, only accept all cash offers in order to maximize profits and happiness. Once a mortgage is involved, things can get really hairy due to financing contingencies. A buyer is at the mercy of the bank’s decision to
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The proper asset allocation of stocks and bonds by age is important to achieve financial freedom and stay retired. If you allocate too much to stocks the year before you want to retire and the stock market collapses, then you’re screwed. If you allocate too much to bonds over your career, you might not be
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