Owning rental properties is one of the best ways to build wealth. Finding the best tenants is, therefore, crucial. This post will discuss how to select the best tenants for maximum prosperity and peace of mind. If you don’t put in the effort to find the best tenants, you may end up regretting your decision. […]
How To Select The Best Tenants For Maximum Prosperity And Peace Of Mind Read More »
Do you have the dilemma to rent or sell your home? It’s tough given the housing market is so strong now. At the same time, rent is going up as well. I like to leave things to fate. Believing in fate helps alleviate some stress from the unknown. When my tenants gave me their 30-day notice two
Create Win-Win Scenarios To Never Lose: A Decision To Rent Or Sell Is Made! Read More »
The median net worth for US families in 2018 plunged to just $77,300 from a high of $126,400 in 2007. This is according to the Federal Reserve’s Triennial Survey of Consumer Finance. $77,300 can’t even buy you two years of private college tuition! No wonder why so many people think the US is screwed. The
The Median Net Worth Plummets To Early 1990s Levels Read More »
A reader named Vicki Cook left an amazing comment in my post on whether to sell or keep renting out a property I’ve owned for 13 years. She noticed things I hadn’t realized about myself. With her doctoral coursework in Educational Leadership, I invited her to write a guest post psychoanalyzing me about my dilemma. I’m confident readers
Make Better Decisions With A Decision Framework: Emotional Biases Are Everywhere Read More »
Student loans for college are now highly contentions. With Joe Biden wanting to forgive $10,000 – $50,000 in student loan debt, more people are probably going to take out student loans. This is how moral hazard works. That said, student loans for college is an inevitability for all but the upper middle class and above.
Student Loans For College: An Inevitability For All But A Lucky Few Read More »
Ever wonder about a celebrity’s income and spending habits? We get to peek inside a celebrity’s income and spending habits thanks to a messy divorce. I had never heard of Amber Heard until her pending divorce with Johnny Depp went mainstream on May 27. She’s accusing Johnny of physically and mentally abusing her for years. Terrible, if
A Peek Inside A Celebrity’s Income And Spending Habits Read More »
According to Fidelity, one of the largest 401k providers in the world with over 12 million accounts, the average 401k balance is now around $120,000 as of 2Q2021. Among employees participating in a 401k for at least 10 years, the average balance hit $251,600, up 12% from a year ago. Separately, Vanguard reported that the
The Average 401k Balance And Why It’s Too Low Read More »
Who needs a job when you have a private school degree? If you are rich enough to attend private school, then you may be so rich you don’t really have to work for a living. That, or you can just work for your parents. Pick any private school. The cost is about $220,000 in tuition
Who Needs A Job When You Have A Private School Degree Read More »
When you book a hotel reservation the representative will ask for single, double, or multiple occupancy and charge accordingly. It’s the same idea when you rent out your property to prospective tenants. Those who plan to rent your property are written in the lease predominantly for legal purposes. Those who plan to stay in your
How To Prevent Tenants From Abusing The Lease With Multiple Long Term Guests Read More »
In the past, I used to be perturbed by how long it took to refinance a mortgage. The whole process almost got derailed on its 97th day due to a bad credit report unbeknownst to me. Luckily, the refinance eventually went through. I want to share the upside to a long drawn out mortgage refinance. What used
The Upside To A Long Drawn Out Mortgage Refinance Read More »
