Ranking The Best Passive Income Investments helps you strategize on developing retirement income. Over the years, the rankings have changed because economic situations have changed. In this post, I’ll be ranking debt types from worst to best. When used appropriately, debt can help provide for a better life and make us wealthier. When used inappropriately, however, debt […]
Ranking Debt Types From Worst To Best Read More »
Risk tolerance is a funny thing. Most people think they have a higher risk tolerance than they really do. But the reality is, only when you are losing a lot of money do you finally realize what your risk tolerance truly is. I’d like to think that I’d be able to stay the course and
Your Risk Tolerance Is An Illusion: Wait Until You Start Losing Big Money Read More »
Millions of people are quitting their jobs today in order to find more meaning with their one and only life. There are two things everyone should do before leaving your job: 1) Negotiate a severance package and 2) refinance your mortgage. If you do both, you are going to significantly improve your finances in the
Refinance Your Mortgage BEFORE Leaving Your Job Please Read More »
Wondering how much to contribute to a 529 plan? This article provides a proper framework for 529 plan contributions by age. The idea is to contribute enough so that the 529 plan can comfortable cover most, if not all of your child’s college expenses when the time comes. For background, I am a father of
Determining How Much To Contribute To A 529 Plan: Too Much No Good! Read More »
Here are some sad stories about lending money and not getting paid back. In general, I am against lending money to people you care about. These include lending money to friends and family. Don’t do it unless it’s a life or death situation. Give the money instead. Lending money to friends, family, and strangers is
Sad Stories About Lending Money And Not Getting Paid Back Read More »
A detailed rental lease agreement is imperative for both landlords and renters alike to minimize headaches down the road. The more thorough the lease to account for any issues that may arise, the better. I’ve spent the past 21 years refining my residential lease agreement based on all past experiences. Feel free to run it by a
Good Rental Lease Agreement Example For Landlords Read More »
With people spending more time at home, there is a remodeling boom. We want to make our homes as great as possible. Therefore, a common question for homeowners now is: How much should you spend remodeling a house for maximum profit? You don’t want to overspend on remodeling and not recover its original cost. You
How Much Should You Spend Remodeling A House For Max Profit? Read More »
Do you have an obsession with being the best? If so, your obsession is probably killing your happiness. Let’s discuss! Since I can remember, I’ve been made fun of and criticized for trying to be the best at whatever thing it was I was interested in at the time. I had an obsession with being
Your Obsession With Being The Best Is Killing Happiness Read More »
If you want to build wealth, you should own an online business. If the coronavirus pandemic has taught us one thing in business, it’s that if you have a business that can’t be shut down you will outperform. In some cases, you might even thrive as we heard from one online business seller of nutrition
Why Online Business Valuations Will Skyrocket Higher Read More »
During shelter-in-place, alcohol sales skyrocketed as millions of Americans entertained themselves at home. The rise in alcohol sales got me thinking about whether there is an investment opportunity in wine. After all, when times are good, people drink. And when times are bad, people might drink even more! It just so happens there is a
Vinovest: Investing In Fine Wines As An Alternative Investment Read More »
