(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
(Student loan payment moratorium extended to Aug 31) 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 recent event gave me goosebumps, never have a mortgage when you retire, nurses are … Read more
I recently gave a lecture in which I asked the question, “Do You Choose Money Over Family?” Of course, everyone would answer with a resounding no. No one would ever admit to choosing money over family. Yet isn’t that exactly what we do when we choose to moonlight? Or work extra shifts? That statement will … Read more
I recently received a large sum of unexpected cash. An investment I had made a few years ago suddenly cashed out. When this situation comes up on social media it sparks a debate as to what to do with the money. Usually only two options are discussed: Invest the money (stocks or real estate) or … Read more
(I will be giving two lectures in the White Coat Investors Physician Wellness and Financial Literacy Conference which starts in two days. To get virtual tickets click here. If you will be attending in person, please say hi. I love to meet my readers.) Every week I find a few great articles I feel are especially … 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 consider the total cost of owning a pet, when student loan forgiveness goes wrong, does how … Read more
The real estate investor’s biggest fear is buying at the top of the market. Almost daily, I encounter someone asking if it is a good time to buy real estate with the current high market prices. This is a disguised way of asking “Should I be trying to time the real estate market?” Never try … Read more
As more people move toward becoming debt free, there comes a time when they must choose which debt to pay off next. Often the last two debts are their home mortgage and the mortgage on a rental property. The home likely has a lower interest rate and is often the larger loan. The best way … Read more
I saw a recent conversation on social media where someone stated that he only had a few years left on his home mortgage, so there wasn’t much interest left to pay. Because of this he felt it was far better to pay out the mortgage as scheduled and invest his money for a higher return. … Read more
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
