After publishing, The Hardest Mortgage Refinance Ever, a reader asked me whether I’ve ever considered recasting a mortgage instead. My quick answer was no, despite having refinanced multiple mortgages on multiple properties since 2005. I’m all about getting the lowest mortgage rate possible. Recasting a mortgage can be a good idea if you come into […]
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When it comes to buying auto insurance, more consumers are shopping online versus calling up insurance carriers. A record 4 million auto insurance policies were purchased online in 2023. That’s an increase of 200% since 2006, according to the U.S. Online Auto Insurance Report by ComScore. It’s not that surprising given the way everything we
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After four months and one week, I finally was able to refinance my primary residence mortgage! I went through the hardest mortgage refinance ever. And with rates increasing again, refinancing a mortgage will continue to be hard for many. The Hardest Mortgage Refinance Ever My original loan was a 5/1 ARM at 2.5% that began
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One of my favorite income streams is rental property, especially when conditions are favorable for raising rent. I’ve bought several rental properties over the past decade and plan to continue buying more. A particularly popular rental I have is a two bedroom, two bathroom condo with parking and a view of a nice park. It’s not
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I love people who are loyal. They stick with you through good times and bad. Unfortunately, when it comes to business, loyalty is dead. Firms will spit you out at a moment’s notice. Banks just move on to the next win once they’ve got you as a customer. This is why you shouldn’t be afraid
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If you want to start your marriage right, then following these wedding spending rules so you don’t end up broke and alone. Given roughly half of marriages eventually end in a divorce and wedding ceremonies last for at most 12 hours in America, it’s wise to spend as little as possible on a wedding just
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Now is the most exciting time for job hoppers everywhere. The economy is rebounding. The light is at the end of the tunnel for when the pandemic will end. I’m convinced we’ll see more employee turnover across all industries than over the past two years combined. There are people itching to leave their firms for better opportunities
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I originally wrote this post on October 3, 2009, right in the heart of the global financial crisis. Ultimately, I was telling myself to buy more rental property. If there’s one thing I know I will regret 15 years from now, it’s that I did not buy more rental property. When my kids become adults,
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Recessions tend to hit every 7-10 years. We had a massive recession in 2008-2009. We’ve had another unforeseen recession in 2020. Therefore, let me share some thoughts on buying property ahead of a potential recession. There is a decent probability we will end up in a recession over the next 12-24 months. After aggressive Fed
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Your sphere of influence is what will help propel you to financial independence. Make sure you nourish it. My first understanding of the power of influence came as a 21 year old at 1 New York Plaza, New York City. During a job interview with a sales trader at Goldman Sachs, I remember him telling
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