by Keith Weinhold | Aug 13, 2021 | Blog
The median sales price of existing homes has risen from $294,400 to $363,300 year-over year. That’s accelerating appreciation at its finest. People still ask me, “How in the heck did this price runup happen during a recession?” Yes, factors like...
by Keith Weinhold | Aug 1, 2021 | Blog
Most people think that owning a home is a financial asset. That’s not true. Rich Dad said, “A home is a liability, not an asset.” An asset puts money into your pocket every month. A home takes money out of your pocket every month. Though owning a home is rarely a good...
by Keith Weinhold | Jul 23, 2021 | Blog
Which group of people are typically better humans – members of a wealthy group or a poor group? Some say that money is the root of all evil. No, lack of money is the root of all evil. In the history of the world, no one has ever pulled up in a Rolls Royce to rob...
by Keith Weinhold | Jul 23, 2021 | Blog
Personally, I like 40-year mortgages more than 30s. It would lower your payment amount and increase your cash flow. It slows your leak of cash into equity. That’s good, because financial freedom is achieved when money flows the opposite direction – equity...
by Keith Weinhold | Jul 21, 2021 | Blog
I come from a great family. My brother and I grew up loved by two parents in a stable home. They still live in the same, humble, 1900-built Victorian house in upstate Pennsylvania. They have owned it continuously since 1974. I’ll soon celebrate my parents’...
by Keith Weinhold | Jul 12, 2021 | Blog
My personal inflation rate just edged higher… again. Yesterday, I discovered that my neighborhood drive-thru car wash increased their price from $16 to $18. (And the car dryer still doesn’t last long enough.) Inflation, debt, and taxes are three wealth...
