Debt is a very touchy subject. Some people think there is such a thing as “good” debt. Then there are others who mistakenly think they will become wealthy by hanging onto their 3% loan as long as possible. And still others can’t tell the difference between being able to afford a car vs being able … Read more
(Today’s guest post comes to you from David Rosenstrock, who is a certified financial planner with an MBA and the Founder of Wharton Wealth Planning, LLC.) Editor notes: As interest rates rise and certificates of deposit (CDs) have a reasonable interest rate again, (back to normal) many investors are flocking to buy them. But should the … Read more
(I have had many requests for places to store cash, such as your emergency fund, that would provide a decent interest rate. With recent interest rates so low, our cash has been sitting idle for years. Now that interest rate have begun to rise, there are institutions paying decent interest for cash savings accounts. I … Read more
Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did. This week’s favorites include what Pink Floyd knew about living life to its fullest today, cash management in early retirement, scary money facts, five money mistakes to … Read more
Much of the financial blogosphere perpetuates the mistaken notion that it is never acceptable to buy a brand new car. They say all car purchases need to be used cars that are at least 2-3 years old. They are operating under the misguided notion that people should do everything the cheapest way possible. Can you … Read more
(Don’t forget to get your tickets to the PIMD Real Estate Conference coming in September. Before the price goes up in a few days. I hope to meet many of you in person, or you can stay home and enjoy the conference virtually.) Many people have told me they thought two of my books contradicted … Read more
Each week I run into a few articles that I feel are especially valuable. Every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include the lasting mental effects that a surgical complication leaves on the surgeon, trading our happiness for … Read more
(It was great fun to be a speaker in the virtual Financial Freedom Through Real Estate Conference last weekend. If you missed it you can click here to get access to the lectures. It’s rewarding to share my experiences to help others become successful real estate investors. Hope you found the experience helpful.) Each week … Read more
(Keep an eye out for my new book The Doctors Guide to Navigating a Financial Crisis, coming soon) Last Monday my talk on The Leverage and Growth Virtual Summit for Physicians was made available. My discussion is on how I got started in real estate investing, which now produces enough cash flow to fund my … Read more
In my recent book, The Doctors Guide to Real Estate Investing for Busy Professionals, I give a detailed explanation about how I was able to buy investment property with no money down. Questions came up about what is the optimum down payment for an investment property. Since my goal in acquiring property was to put it into my portfolio for the least acquisition cost, I didn’t calculate its optimal down … Read more
