If you’re a real estate investor with children, you may face two significant challenges. The first challenge is holding onto your rental property for as long as possible. You understand that the longer you own real estate and stocks, the more likely you are to build wealth. However, as you grow older and wealthier, your […]
Rental Property Maintenance With Your Kids Solves Two Problems Read More »
With the real estate industry finally lowering commission rates after August 17, 2024, a battle is brewing among brokerages and agents to win business. For example, Sotheby’s has decided to charge 2% to the seller and 2% to the buyer—or even less—to stay competitive. Other brokerages will likely follow suit. For individual real estate agents,
Performance-Based Commission Rates By Top Real Estate Agents Read More »
I recently received an email from an agent at Sotheby’s, a prominent real estate brokerage with 1,115 offices located in 84 countries and territories worldwide, and I thought it was worth sharing. The email likely originated from Sotheby’s senior management and was then distributed to agents, who could choose to send it to their prospective
Proof The Real Estate Industry Is Finally Lowering Commissions Read More »
The latest stock market correction cost me about five times what I made consulting part-time for four months. If I were smarter, I would have sold 100% of my rollover IRA before stocks started to tumble, then bought back in several weeks later. Alas, I don’t possess such acumen. This experience got me thinking about
The Pointlessness of Working When Your Net Worth Is Declining Read More »
Starting on July 16, 2024, we had a mini-stock market crash with the S&P 500 declining from 5,667 to 5,186 by August 5, 2024 (-8.5%). The NASDAQ saw a larger drop, falling from a high of 18,647 on July 10, 2024, to 16,200 on August 5, 2024 (-13%). And the bloodletting might not be done
Stock Market Crashes Can Change Your Life For The Better Read More »
Life is easier when you can make a positive connection with other people. As I discovered recently, creating a connection with your service provider can also save you money or provide you better service. One of the ways I’m decumulating wealth is by spending money on massages. I love getting massages, especially after a lot
Creating Connections To Save Money and Get Better Service Read More »
Starting at age 45 in 2022, I consciously started focusing on decumulating wealth. I realized that my life was likely half over, and I needed to start spending more to prevent dying with too much money. If I died with too much money, it would mean that I had wasted a lot of time and
How To Decumulate Wealth: A Practical Guide Read More »
Many of us experience mental health conditions or know someone close to us who does. Life is stressful and it only seems to get more stressful over time. The difficulties of day-to-day life can cause significant anxiety about what the future holds. We’ve discussed parental existential crisis and money dysmorphia, both of which may stem
Mental Health’s Impact On Life Insurance Coverage And Pricing Read More »
Money dysmorphia is a negative and unrealistic perception of one’s financial wellness or position. If you have money dysmorphia, you might constantly worry about your finances, even if you are doing well for your age. One significant reason for experiencing money dysmorphia is the unhealthy comparison with others facilitated by social media platforms like Instagram,
Money Dysmorphia May Be Growing Inside You: Let’s Cure It Read More »
With the election over and Trump winning, the political mudslinging and dirt-digging has subsided. But there was a time when being childless and loving cats was a big debate. Republican VP-elect JD Vance said this during a 2021 interview with Tucker Carlson: “It doesn’t make any sense that we turned our country over to people
The Economics Of Being A Childless Cat Lady Or Gentleman Read More »
