When considering the idea of mortgage paydown, first things first. Any super high-interest debts (like credit card balances) should be paid off first. For all other debts, I’m a fan of using the cash flow index method to prioritize debt repayment. If you’re wondering how to pay off your mortgage in 5 years or less […]
Real Estate Investing & Landlord Skills
Learn how to build wealth with planful and smart real estate investing! Learn how to be an effective and prosperous landlord. Learn how to find and set up rental properties. Then, optimize your rental business by improving your handyman skills and tenant screening tactics.
Real estate rentals can be hard work in the beginning, but with the right choices up-front, they become passive investments that save you time and reap significant wealth.
Can Real Estate Help You Retire Sooner?
No matter how long ago you started your career, it’s never too early — or late — to start thinking about retirement. Along with the traditional savings method your bank or workplace will provide, you should also consider more lucrative ways to improve your finances, so you’re fiscally ready to retire. Can real estate investing […]
DIY Property Management: Save Money & Learn New Skills
Ever wondered how it’s possible to be a small-time landlord, in addition to holding a day job? What is it like to personally manage a handful of real estate rentals and get your fingernails dirty? It’s easier than you might think. Today, we’ll dive into a little “landlord for dummies” DIY property management to clarify […]
Using the Price-to-Rent Ratio to Decide Whether to Buy a House
It may not be Wednesday, but I find waffles a worthy breakfast treat ANY day of the week. Today’s post is brought to us by blogging friends from way out west: Waffles on Wednesday! Fetch yourself some of Canada’s finest organic maple syrup, tighten that bathrobe belt, slip on those reading glasses, and enjoy reading […]
Build a Team of Pro Advisors, But Avoid Commission-Based Ones!
Going it alone. It’s a familiar thing. We think we know what we’re doing until a light bulb goes off. Sadly and so often, that bulb doesn’t illuminate until we’ve failed at X, Y, or Z. That’s why you need to build your team of financial advice experts. Having experts who will steer you clear […]