A Million Dollar Ski Boat Mistake

Forums and Facebook groups abound with a frequently asked question that sounds something like this: “Should we sell our positive cash flow rental to buy (insert fun new toy) so we don’t have to attain a loan?”  When someone wants to buy a new car, boat, or motorhome but they have learned that buying toys … Read more

There is No Such Thing as “Good” Debt

Many years ago, debt was hard to get and was considered a dangerous and risky thing to have. Now it is so easy to come by, that possessing debt is almost universal. In fact, in 2008 the easy access to debt got our country into a bit of trouble, causing the housing crash. Today, if … Read more

Are We Consuming Ourselves Into the Poor House?

(Doximity recently published this article of mine on the effects of consumerism. It originally appeared here, but some of you are not on Doximity so, with Doximity’s permission, I have republished it on my site for your reading pleasure) School has gotten back into full swing and thus we begin another cycle. Will this cycle … Read more

The Google Search that Changed My Life Forever

Sometimes a financial makeover client of mine really takes the bull by the horns and drastically improves their financial situation in a very short time. It’s amazing how fast goals can be achieved when you really go for it. I was so amazed by one such student, I asked him to tell his story of … Read more

Intergalactic Investing with Spock

I am often asked the question, “Is it better to pay down debt or invest?” It is uncanny how often this question comes up. This question is asked as if those were the only two options to choose from. I never hear, “Should I go on a three week trip to Paris or invest?” “Should … Read more

How I Made $36,000 Using Credit Cards

Back in 2001 we paid off our last personal loan, our home mortgage. At that time, we decided to begin investing in real estate with the money that used to go towards digging us out of our personal debt. Our real estate was held in an LLC and we acquired loans to purchase these properties. … Read more