What’s Best? 30-Year vs. 15-Year Mortgage

What’s Best? 30-Year vs. 15-Year Mortgage

Buying a home is the one of the biggest purchases you’ll ever make. Its mortgage payment is often your greatest expense each month. A mortgage is your loan from the bank. Your home is the bank’s collateral. If you miss payments and default on the loan, the bank can...
Why Paying Rent Is Not “Throwing Money Away”

Why Paying Rent Is Not “Throwing Money Away”

Most people think that owning a home is a financial asset. That’s not true. In fact, the top-selling financial author of all-time, Robert Kiyosaki, says, “A home is a liability, not an asset.” An asset puts money into your pocket every month. A home takes money out of...
Why “Financially-Free” Beats “Debt-Free”

Why “Financially-Free” Beats “Debt-Free”

Financial freedom has more impact in your life than debt freedom. Why pay off a car loan with a 4% interest rate? Instead, you have the opportunity to invest those dollars into something that produces an income stream, perhaps paying you an 9% rate. That’s called...
How I Know That You Are An Investor

How I Know That You Are An Investor

I already know that you are an investor. We may not have met, so how could I possibly know this? It is because every day, every dollar that you spend and every minute that you spend is an investment in something. Say that you spend ten extra minutes washing and drying...
Why Home Equity Is An Awful Investment

Why Home Equity Is An Awful Investment

How much would you want to invest in something that could never go up in value, but only go down? Well, zero. Right? That sounds awful. However, a substantial amount of your net worth is probably tied up in this vehicle right now. It’s called home equity. Home equity...