So, you want to invest in real estate, which I believe is the best investment you can make. Once you have found a property you want in your portfolio, completed a cash flow evaluation on the property, considered the financing, and it all looks good, you are ready to make an offer. Many real estate … Read more
(Today’s guest post comes from Suzan Marshall, DO, C-MDI. Dr. Marshall was trained as a general surgeon and later became a medicolegal death investigator. This is the story of her family’s recovery after the sudden loss of her husband, who was also a general surgeon, which turned her into a single mother of two.) My … Read more
I frequently hear people debating whether to pay off a home mortgage, which usually has a relatively low interest rate, or invest the money. Often the misguided answers to this question stem from only looking at the interest rate for the decision, as if it were the only valid variable. The following are the mistaken … Read more
I have owned, traded, and vacationed using my timeshare for more than 30 years and love it. I own a single week of timeshare in New Orleans and have yet to stay in the unit I own. My happy experience is contrary to what is found on social media. There is a reason for that. … Read more
An important aspect of productivity is the concept “Do It Now.” When one concludes that a particular thing should be done, the most cost-effective way to get it done is to do it now. But we often do not follow this ideal. Instead we procrastinate until not doing it becomes more painful than doing it. … Read more
A backdoor Roth IRA is a great additional retirement savings plan for high earning professionals. Since I get many questions on how to make a backdoor Roth IRA contribution, I thought it would be good to help set the record straight and explain the Backdoor Roth IRA rules and answer the common questions that confuse … Read more
I have encountered numerous people who feel owning rental property themselves has been a big hassle. Their plan is to sell off their real estate and convert it to “Passive” Syndications. Almost always when I hear why they made this choice, their reasoning was incorrect and contains many wrong assumptions. When deciding to make a … Read more
In 2006 I was sitting on the couch watching the TV show The Biggest Loser, contemplating my own need to hit the gym to lose a few pounds, when I had an incredible realization. As I thought back through my life, the only time I ever worked out consistently was when I had a coach. … Read more
Certificates of Deposit (CDs) come in two basic types, those you buy directly from a bank or other lending institution and those available from brokerage firms. Essentially the brokerage firms are offering bank CDs that can be traded like a bond. Brokered CDs are a special class of CDs offered by a lending institution with … Read more
I have a routine that I undergo each December to be sure the year ends well financially. With the December 31st deadline approaching I don’t want to miss any of the things that must be completed before year-end. There are many things to consider and I don’t do everything that people talk about doing at … Read more
