Consider increasing passive income through leverage and arbitrage. I did just that in 2014 when I bought a new home just five miles west of where I used to live in San Francisco. I took on a new mortgage to buy this home and I ended up renting out my previous home for $7,500 – […]
Increasing Passive Income Through Leverage And Arbitrage Read More »
During times of uncertainty, make sure you are on top of your cash. Cash management is really about stress management. The more cash you have and the better you know your cash flow, the less stressed you will be. Buying anything close to the top of the market is risky. For stocks purchased in 2000, it
In Times Of Uncertainty, Take Stock Of All Your Cash Read More »
The people of Great Britain decided to shoot themselves in the foot and punch the rest of us in the face by leaving the European Union (Leave: 51.9%, or 17,410,742 votes, versus Remain: 48.1%, or 16,141,241). The movie is dubbed Brexit. As a result, the pound fell to its lowest levels in 31 years and
Great Britain Votes To Leave The EU: What’s Next After Brexit? 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 »
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 »
I almost bought a Bentley Continental. Let me share how I almost wasted six figures on a car I didn’t need. After going down to City Hall to get my reconveyance letter (proof of ownership) for a property I paid off in 2015, I decided to pop into the Range Rover dealer several blocks away for
The Time I Almost Bought A Bentley: The Crazy Ways We Justify Our Spending Read More »
Every now and again, I stumble across something that makes me wonder, “Are you a financial dumb ass?” Someone forwarded me a post from a year ago where a PF blogger spent $60,000 on a luxury car right after revealing his net worth was only $55,000! He clearly violated my 1/10th rule for car buying everyone
Are You A Financial Dumb Ass? Be Honest With Yourself To Get Rich Read More »
Years ago, I once knew someone who was unhappy with her husband. Let’s call her Nancy. To fill her void, Nancy went on dates with various men while her husband stayed late at work. At the cafeteria one day, Nancy mentioned she was falling in love with one of her men named Jack. Jack was handsome, single, charming, and
Why Tough Love Is Important When It Comes To Your Finances Read More »
In America, we are truly blessed with opportunity to help us chart our own course and grasp success as much as we desire it. Services provided by financial institutions are one of the things that we as American citizens have easy access to, allowing us to utilize financing and credit to further our goals in
Kiva Loans: Alleviating Poverty Using Microfinance Read More »
I’ve been doing my own taxes for over 10 years. I didn’t do them when I first graduated college in 1999 because I didn’t know how. Further, DIY tax software wasn’t as easy to use as it is now. But after paying some accountant over $500 to do my taxes one too many years, I
Doing Your Own Taxes Might Make You Change Your Life Read More »
