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How to Get Paid to Borrow Money – or – How to Invest in Rental Real Estate

Posted by James Hendrickson on Mar 31st, 2014 · 3 Comments

written by Kevin Mercadante. There is a feature to investing in real estate that is not found in virtually any other type of investment asset. When you buy rental real estate, you’re getting paid to borrow money. No, it’s not quite as simple as all that, but that’s basically the end result. That can make rental real estate one of the very best investments you can own. (adsbygoogle = window.adsbygoogle...
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Can’t Seem To Focus On Financial Discipline, Consider a Forced Savings Plan

Posted by Jim on Jun 14th, 2013 · 4 Comments

Cant keep a budget, not good at saving, find that you are paid on Friday, then by the following Monday your whole paycheck is spoken for? Well, if so, you may need a Forced Savings Plan! A 401K would be a great option because the contributions to the funds are typically withdrawn before you ever see a paycheck. If you don’t see it, you are less likely to miss it. Another option, one...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

How to Get Paid to Borrow Money – or – How to Invest in Rental Real Estate

Can’t Seem To Focus On Financial Discipline, Consider a Forced Savings Plan

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