(Don’t forget to get your tickets to the PIMD Real Estate Conference coming in September. I hope to meet many of you in person, or you can stay home and enjoy the conference virtually.) It’s no secret that I believe investment real estate is the single best investment anyone can make. The second best is … Read more
Retirement means something different to each of us. Some dream of all the fun they will have in retirement as if retirement is what life is all about. They live a life of self-imposed relative poverty to reach retirement quickly. Others spend all they earn as they earn it and don’t believe they will ever … Read more
Happy Father’s Day Week! I was recently reminiscing about my first year as a new grandfather. My wife and I have a lot of fun spending time with our grandson two days a week while his parents are at work. He is a joy to play with and he is learning new things daily. One … Read more
Many people are unhappy with their job. For many of them it shows up as burnout. Others just don’t like what they do and want to do something else. This unhappiness has sparked the recent popularity of side gigs: Something you do other than your main job to make extra money to eventually leave your … Read more
With the latest market dip many questions have been raised regarding 401(k) accounts. These questions make it as clear as a neon sign that people do not understand how their 401(k) works. Here are two recent examples that indicate this lack of understanding: -I’m considering moving my money from my 401k to an annuity due … Read more
Last March while we were traveling home in our RV from our snow birding trip to Mesa, Arizona, I turned sixty. On our way to Southern California to meet some friends, we stopped at a bakery to pick up a cake. We enjoyed celebrating my birthday that evening with our friends, but it didn’t set … Read more
(Today’s guest post comes from Patrick Bailey. Patrick writes in the field of mental health, addiction, and recovery. If debt seems to bug you, you will find this helpful) In a perfect world, you would never need to go into debt to buy a car or home, but the reality is that the cost of … Read more
A misconception is running around the financial world, that great sacrifice and delayed gratification is required to reach financial independence. This is simply not true. The reason so many feel becoming financially independent is a sacrifice, is the misguided notion that spending anything less than all you earn is somehow a great sacrifice. If I … Read more
I used to ride bikes a lot. Back in my bicycle racing days I rode more than 3,000 miles a year. When my bicycle team disbanded and my kids went off to college, no one was pushing me to get out and ride. Over the next few years, I gained 35 pounds, lost my riding … Read more
We are all likely to be faced with deciding what to do with a financial windfall, and for many of us it may happen several times. For some it will be a small windfall like getting a tax refund you weren’t expecting or a yearend bonus. For others it could be a big windfall like … Read more