We all want to become rich as fast and painlessly as possible. The reality is that only about 10% of Americans ever become truly rich or wealthy. The rest either struggle their entire lives to pay bills or they live on their life savings in retirement. In both situations, they end up with little or nothing left for their heirs when they leave this planet. The great news is that it doesn’t have to be this way. The truth is that the majority of people in this country CAN become wealthy if they learn how.
Let's talk more about the "BUY AND HOLD" aspect of Real Estate and what many have learned as more or less the “commandments” of real estate investing for retirement, this one has caused more than its fair share
of regret. Though its premise looks great on paper, more often than not, its execution fails to deliver. What’s worse is that since the results it delivers come at retirement, dodging most of the damage is easier said than done.
Are you a refi junkie? Homeowner’s cash in on equity in droves
“Save and Hope” is not a strategy!
When to invest and when not to invest is a question that all investors struggle with at one time or another. There are many factors to consider when analyzing the risk of an investment. Let’s review some of them:
If you are an employee receiving standard taxable income, you’re able to see all of the deductions that are taken from your paycheck. When you add up State, Federal, Social Security and other deductions as much as 50% of your paycheck may be gone!
I recently met with a 50 year old single mom who is renting and struggling to save $200-$300 per month. She has about $25,000 in her 401K. At her current savings rate, she will be lucky to retire at age 75.
The first step to reaching a destination is to know where the destination is. This is also the case in achieving financial security. How much investment income will you need to be financially secure and be able to retire?