Deciding whether you need to refinance your home or opt for a homeowner loan, such as a second mortgage, can be a stressful decision. Maybe you’re only beginning to weigh your options, but here’s something that may ease your mind. The average homeowner will keep their first mortgage for a mere seven years or less. … Read more
One of our first articles was about diversified income streams. If you’re not sure what that means, then here’s a quick run down. Have you ever heard the phrase “don’t place all of your eggs in one basket?” People try to avoid this all the time, except with their income. Too many people depend on … Read more
Choosing stock prices might sound impossible, but it is integral to your investment strategy. When someone is new to investing, it can be tempting to buy anything right away. Maybe you’ve researched a stock so much that you know it as well as you know your own brother, but you must have discipline. What we … Read more
If you like what you read, then subscribe to our feed! How would you like to get 5,054 hours of your life back, without having to pay for it? How would you like to get 2.43 years off from work? Your numbers may vary, but we’re going to show you how. Now, it isn’t something that you … Read more
In our article “Paying Your Mortgage Early” we covered some of the mathematics behind paying a mortgage early. It’s very important to do this in order to minimize the amount of money that you are putting into the banks pocket. For every dollar extra you pay in interest, that’s a dollar you can’t use to … Read more
Today we are going to define a phrase that we will probably be using quite a bit in the future. We are going to better define the phrase “perpetual mindset” for our purposes and uses. We will first give its literal definition, then we are going to apply a more specific definition for our purposes. … Read more
Today we are going to discuss some of the mathematics behind paying extra towards your mortgage early on. Here are the assumptions: Mortgage Amount: $150,000 Mortgage % Rate: 5% – Fixed Mortgage Term: 30 Years No prepayment penalty That last one is important. Few mortgages have prepayment penalties, but always double-check. Additionally, there are a … Read more
Payday loans are dangerous little devices. They offer an extremely temporary feeling of stability, until the next bill roles in, or you need to pay the loan back. They hide their interest rates by charging a “flat fee.” After all, would you rather take a one month, $200.00 loan that charges a $20.00 fee, or take that … Read more