Your House is a Terrible Investment

house is a terrible investment

“Want to be wealthy? Then you should buy yourself a house!”… said the person that knows nothing about wealth building. Sure, buying a reasonably priced house is often better than renting, but it’s not a wise investment. Truthfully, buying a house is a terrible investment – one of the worst that you’ll probably ever make.

Your House is a Terrible Investment

This post contains affiliate links.

“What do you mean, Derek? I was always told that it was wise to buy a house, and look at home prices today! They’re going up like crazy!”

Let me just jump into it with the facts here…

Average Home Appreciation

Since 1963, home prices have appreciated by an average of 5.4% per year. Sounds pretty decent right?

And let’s just say that in 1963 you bought your first house (assuming you were alive then…and if not, just humor me here. You’ll still . . . → Read More: Your House is a Terrible Investment

7 Great Ways to Find and Keep a Great Tenant

find a keep great tenants

People love the idea of having rental property and collecting all that money each month. So, what’s holding so many people back from actually becoming landlords? I’ll tell you what.

Tenants!

The proverbial “I don’t wanna deal with phone calls about a backed up toilet at 2 am!” is what comes out of people’s mouths when you ask them why they haven’t taken the plunge (no pun intended!) into real estate investing.

Or the another common concern goes something like this: “Didn’t you read that story the other day online? These renters had sheep, goats, chickens, & who-knows-what-not else living in the house! They completely destroyed the place & then disappeared. No thanks! I don’t need the headache.” And they walk away from one of the easiest ways they’ll ever have to make serious money in their lifetime without hardly having to lift a finger.

If you want to become . . . → Read More: 7 Great Ways to Find and Keep a Great Tenant

How to Predict the Future and Use It to Get Rich!

predict the future and get rich

I want to tell all of you a secret. You can predict the future!!

For some of you this may come as a shock. For others you’ve known this so long you have “I told you so” tattooed across your forehead.

Whichever group you belong to it’s important that you use this power wisely. Luckily for you this is a personal finance website and I am your humble servant. This means I do want you to use this power to get rich!!

Don’t use it buying lotto tickets or betting on sporting events. I want you to use it to protect yourself from the future you. Future you is constantly trying to sabotage all of your hard work with their nonsense. Today I’ll show you how to defeat your evil alter ego.

How to Predict the Future and Use It to Get Rich

This post has been written by Brandon . . . → Read More: How to Predict the Future and Use It to Get Rich!

50+ High Paying Side Hustles for Single Moms

high paying side hustles for single moms

The stereotype…Single moms are young, low-income earners that have to live in their parents’ basement to survive. For the most part, this couldn’t be further from the truth. From my experience, single moms are strong, relentless, hard-charging, and thirsty to create an amazing future for themselves and for their children, and they’ll stop at nothing to achieve their dreams. That’s why I made this list of 50+ high paying side hustles for single moms. They’re all asking about it, and they’re ready to do the work to make it happen.

50+ High Paying Side Hustles for Single Moms

This post contains affiliate links.

Dang, you single moms are amazing. You do it all…and then some, and now you’re reading this article about how you can do more! I love it!

My hope is that from this list you’ll find the exact side hustle that’s right for you, make a load . . . → Read More: 50+ High Paying Side Hustles for Single Moms

Why Not You?? It’s Your Turn!

your turn

You’re in debt.

You’ve been in debt.

And it honestly feels like you’re never going to get out.

Any time there’s a glimmer of hope where you think you’re getting some traction, something happens….

You get sick or injured, Your car breaks down, or You lose your job

Ugh… You just can’t seem to catch a break!

It’s official. You’ve given up. You’ll always be in debt and that’s just the way it’s going to be…

Bite. Your. Tongue.

You are NOT giving up! I won’t let you!

Why Not You? It’s Your Turn

Explosions are going off everywhere. Smoke is billowing from the craters that were peaceful pastures just a second ago. Men and women are falling in front of you. They’re injured, laying down, and most of them have given up. They’ll never make it to the other side.

Then somehow, through the smoke and the earth-shattering booms, . . . → Read More: Why Not You?? It’s Your Turn!

7 Top Apps to Help You Save and Invest in 2018

apps to help you save and invest

It’s a new year, which means many people have made resolutions to save and invest their money. New to the game? Then it’s time to check out some of the best apps to help you save and invest your money in 2018.

This post is written by Kimberly Studdard, our regular staff writer. It also contains affiliate links, but at no additional cost to you.

The Best Apps to Help You Save and Invest in 2018

Maybe you’ve been a little lax with your money in the past. Maybe you just haven’t tracked it like you should be. This year is your year. It’s time. You’re going to start kicking butt with your finances.

Not sure where to start?

Don’t worry, we’ve got you covered. We’ve already done the research, tried out the tools, and made our recommendations below. Check them out!

1) Mint

While Mint won’t directly save you . . . → Read More: 7 Top Apps to Help You Save and Invest in 2018

Why You Can’t Spend Money Like the Government

spend money like the government

Another government shutdown is looming and what boggles the minds of most Americans is how can the government be so reckless when it comes to spending money. This is not a political statement – it’s common sense. Just image in if you ran your household budget like the bigwigs in Washington or even city hall. It’s not hard to think of what would happen as bill collectors would follow you everywhere.

Related: What if a Typical Family Spent Like the Federal Government?

Why You Can’t Spend Money Like the Government

However, that still doesn’t give you a reason why you can’t spend money like the government. While it might seem tempting, it’s just not possible and this article will give you more details on the reason why.

1) For Starters – You Have to Work for your Money

Unlike the Federal Government, you have to work for your money. Now, . . . → Read More: Why You Can’t Spend Money Like the Government

4 Ways to Buy Your Next House Without a Mortgage

Are you a no-debt person like me? Have you dominated your finances over the years and even found a way to pay off your house?! That’s awesome! But here’s the thing…Let’s say you’ve paid off your house, you don’t want to go back in debt….but you want to move. How on earth can you buy your next house without a mortgage?

I mean, sure you have equity in your home and you might have a nice pile of cash in your savings to put with it, but how can you sell your house and get the equity out of it to pay for the next house? Is it even possible?

How to Buy Your Next House Without a Mortgage

This is the question Liz and I are asking ourselves lately. We have our primary house near the city as well as our two rentals – all of which we own . . . → Read More: 4 Ways to Buy Your Next House Without a Mortgage

FOMO – The Fear of Missing Out

fear of missing out fOMO

FOMO or the Fear Of Missing Out is such a powerful force that even Warren Buffet addresses it. This phenomenon will have people doing all sorts of ridiculous things when it comes to their finances. In fact if it was not for FOMO I would be willing to bet all of Derek’s money (you’re welcome) that the majority of the financial talking heads would not have a job.

For those of you that are already scratching your heads, this post wasn’t written by mwah, rather by Brandon, an awesome writer that literally came out of nowhere. Hopefully we’ll see many of his posts in the future. Enjoy this wicked awesome article below.

FOMO – The Fear of Missing Out

I have seen this first hand early on in my personal finance journey and to this day I can hardly believe what I witnessed.

I had opened my first non-tax advantaged . . . → Read More: FOMO – The Fear of Missing Out

How Debts in Collection Can Seriously Affect Credit

debts in collection can seriously affect credit

If you have failed to keep commitments to repaying lenders for a significant period of time, your chances of a debt being passed to recovery agencies increases. And, put simply, debts in collection can seriously affect credit.

How Debts in Collection Can Seriously Affect Credit

Debts in collection can have a serious impact on your potential to obtain credit in future, and may even contribute to an employer’s decision not to hire you. As lenders generally attempt to retrieve debts in-house prior to selling debt to collection agencies, there is usually a way to prevent such measures. However, if you are past this point, general assistance with debt collectors in the United States, or Sheriff Officer Advice in Scotland, will help you to approach the process of dealing with debts in collection in the right way.

Related: What If I Had a Zero Credit Score?

What are debts in collection? . . . → Read More: How Debts in Collection Can Seriously Affect Credit