The Hidden Danger of Negative Amortization

"The cautious seldom err." - Confucius I've bought properties with fixed-rate, adjustable, assumable, 30-year, and 15-year mortgages. They all have their plusses and minuses. But right now, with interest rates rising, ARMs (adjustable-rate mortgages) are soaring in...

How to Pick a Financial Adviser You Can Trust

"The people I distrust most are those who want to improve our lives but have only one course of action." - Frank Herbert   Not all financial planners are bad. But many are bad for your wealth. Financial planners can screw things up for many reasons: Conflicted...

How to Judge a Learning Program

How many piano/guitar/you-name-the-instrument courses have a 90% success rate? Answer: none. How many language programs? Same answer. How many colleges or graduate schools or technical schools end up seeing 90% of their students graduate and then use the knowledge the...

How Much Do You Want to Make? Here’s How to Do It

I've said many times that to become wealthy you need to learn and practice a financially valuable skill -- and most such skills have something to do with helping a business make money. There is virtually no limit to the amount of money you can make if you become...

Why Real Estate?

  "A discovery is said to be an accident meeting a prepared mind." - Albert von Szent-Gyorgyi When you're a real-estate investor, you're essentially in the business of finding investors to back your projects. Those investors are lending institutions or private...

Five Good Reasons to Own a “Vacation” Home

  "Home is where the heart is and hence a movable feast." - Angela Carter There are at least five good reasons to buy a second home: 1. It can become your future retirement home. Buy it now and have it paid off in today's cheap dollars. Years from now, when your...

Financial Independence: What Is It? Why Should You Want It?

  "True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made." - Franklin D. Roosevelt Twice a year, on January 1 and July 1, I review and revise my goals....

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