It's hard enough to retire early, say before age 45. However, I've discovered it may be even harder to stay retired once you retire early! As I was going through my archives, I realized I had a master plan to re-retire by September 1, 2022, several months after my 45th birthday. Given the birth of … Why It’s So Hard To Stay Retired...
Dual agency is when a real estate agent represents both the seller and buyer. Personally, I've bought bought three homes using a dual agent before. I simply found each listing online, built a relationship with the listing agents, and convinced them to represent me to save on the purchase price. In the end, I believe … What Is Dual Agency? And Why Some...
Once I hit 45 in mid-2022, I decided to enter a decumulation phase. Instead of continuing to save and invest aggressively, I decided to spend more aggressively. One way to decumulate is to spend more money on food. Dying with a lot of money is suboptimal. If we do, it will have meant that we … Spending More Money On Food: An Experiment...
My first venture capital investment was in 2007. I invested $70,000 in my college classmate's gin company called Bulldog Gin, which ended up selling to Campari in 2017. Looking back, investing $70,000 in a single private company at age 30 was irresponsible! I knew nothing about the spirits market. All I knew was the founder, … Making Venture Capital Investing Accessible To All...
Investors and particularly homebuyers are wondering when will the Fed finally start cutting rates? After 11 rate hikes so far since 2022, investors and homebuyers are starting to feel the strain of higher borrowing costs. The longer the Fed Funds rate stays high, the more negative impact it will have on the economy. Ideally, the … When Will The Fed Cut Interest Rates?...
Home insurance costs are going up due to rising home prices, rising building costs, increasing natural disasters, and less appetite for risk from the insurance and reinsurance companies. As a result, more homeowners are looking to save by taking out an actual cash value (ACV) home insurance policy as opposed to the more common replacement … Replacement Cost Value Versus Actual Cash Value...
One of the best ways to increase your chances of making more money is to move to a city that has a high number of high-paying jobs. Ideally, you should secure a high-paying job offer first before moving to one of these cities. Otherwise, it may be tough going given the higher cost of living … Income Ranking By Metro: Cities That Pay...
If you want to get smarter financially, it helps to think in extremes. Thinking in extremes makes financial concepts easier to understand. Since 2009, I've been using my background in finance to help readers and listeners achieve financial freedom sooner. However, before I graduated from business school in 2006, my confidence in understanding financial concepts … To Get Smarter Financially, It Helps To...
Just like job loyalty, bank loyalty often doesn't pay in the short-term. I made the mistake of being a loyal employee for eleven years at my previous firm. If I had job-hopped, I probably could have made $1 million more in my career. During my capital raising process to buy a home with all cash, … Bank Loyalty Has Long-Term Benefits But Short-Term...
Paying all cash for a house is one of the best ways to beat out your competition and get a better deal. With all cash, you don't have to submit an offer with a financing contingency, which sellers dislike. As a result, you increase your chances of winning a bidding war at a reasonable price. … The Downsides Of Paying All Cash For...
The 60-day rollover rule enables you to borrow money from your retirement plans tax- and penalty-free. Sometimes we just need to find a source of funds to pay for whatever. However, in general, I don't think it's wise to borrow from your retirement plans. If you do, you may get into the habit of robbing … The 60-Day Rollover Rule To Borrow From...
If you're thinking about holding individual municipal bonds as a safe and liquid source of funds, think twice. Owning highly-rated municipal bonds is low risk. However, selling individual municipal bonds can be incredibly expensive and cumbersome. Unlike stocks, which now have $0 trading fees and ample liquidity, municipal bonds have a much less liquid market. … Selling Municipal Bonds Is Incredibly Expensive And...
As an avid pickleball player and real estate investor, I thought it'd be good to go through a thought exercise on pickleball's impact on real estate prices. More pickleball courts will appear given pickleball continues to be the fastest growing sport in America. Although I love pickleball, as a homeowner, I would not want a … Quantifying Pickleball’s Impact On Real Estate Prices:...
