As an entrepreneur, you create something from nothing. That something becomes your baby. It’s so much a part of you it’s practically all you think about 24/7. But, there may come a day when you’re approached about selling your business. Or perhaps you’ve run yourself into the ground and are dreaming about selling your business […]
Things To Consider Before Selling Your Business (Baby) Read More »
There are good reasons to go to business school and then there are bad reasons to go to business school. Let me share one of the worst reasons I’ve ever heard. I’ve changed some names and figures for privacy reasons. I caught up with a friend, Peter, who is a partner at a private equity
The Most Illogical Reason To Go To Business School I’ve Ever Heard Read More »
Have you ever wondered what the difference is between a 5/1 ARM and a 5/5 ARM or a 7/1 ARM and a 7/6 ARM and so forth? Let me explain in this article because the difference adds to another dilemma mortgage borrowers should consider. An adjustable-rate mortgage (ARM) is a home loan with an introductory
The Difference Between A 5/1 ARM And 5/5 ARM And When To Get Either Read More »
Since 2009, I have encouraged Financial Samurai readers to take out an adjustable-rate mortgage instead of a 30-year fixed-rate mortgage. The rationale was that we were in a downward interest rate channel, so why pay more in interest if you don’t have to? Further, the average homeownership tenure back in 2009 was only around 5-7
Adjustable-Rate Mortgages As A Percentage Of Total Loans: So Low! Read More »
I’ve got some exciting news folks! Over the past 16 months, I’ve been in talks with a couple executives at Netflix about a potential new show. They only live 50 minutes south of me in Los Gatos. Today, I’m proud to announce I’ll be producing a new Netflix original series called Love Is Money! The
I’m Producing A New Netflix Show! Love Is Money Read More »
When you’re young and naive, you tend to want to do things the right way. You’re taught by adults that cheating and lying are wrong. As you get older and wiser, you start to become aware of people gaming the system to get ahead. What you also realize is those who game the system seem
Gaming The System For More Wealth Is Becoming More Acceptable Read More »
Even though a no-cost refinance sounds great, there’s really no free lunch. A no-cost refinance has costs. The costs are just not visible upon closing. The refinance costs are baked in by charging the borrower a higher mortgage rate. Here are all the mortgage fees in a no-cost refinance. It’s like marrying someone for their
No-Cost Refinance Loan: There’s Really No Such Thing Read More »
During the 2008 – 2009 recession, I lost about 35% of my net worth in about six months. I don’t plan on doing that again. I want to share how we can make lots of money during the next downturn. In 2022, the S&P 500 has gave up all its 2021 gains. However, thankfully, the S&P
How To Make Lots Of Money During The Next Downturn Read More »
Seeing your property’s value go up feels good, especially if it goes up more than what you made from your day job. However, the biggest downside is your property taxes will likely go up as well. For as long as I can remember, I’ve always stood up for myself. Whether it was getting bullied at
Fighting My Property Taxes And Losing: Key Lessons For Battle Read More »
One of the great benefits of being an investor is that you can sometimes make more from your investments than from your day job. After several years of doing so, you might even start wondering what’s the point of working so much! According to Zillow, home value appreciation in 2021 was higher than median wages
Making More From Your House Than From Your Salary Makes Life Easier Read More »
