3 Straightforward Insights For the Rent vs. Buy Riddle

buy a home on a low income

People are having serious arguments and deep conversations about the buying vs. renting a house debacle. The traditional American dream supports home ownership and you are still not “made” until you own a home. Modern insights into the real economic of owning a home suggests that it doesn’t always make the best financial sense. In fact, quite a number of people in Europe are content to rent for life.

However, I strongly believe that all the rent vs. buy arguments are pointless – each to his/her own. Buying a home makes perfect sense in some scenarios and renting a home could be the smartest choice in other instances. This piece seeks to disabuse your mind with three questions that could help you untie the buying vs. renting knot.

How long can you stay put in a spot?

Location! Location!! Location!!! Where you choose to live wields a huge influence . . . → Read More: 3 Straightforward Insights For the Rent vs. Buy Riddle

Are You Treating Debt Like an Emergency?

treating your debt like an emergency

Remember back in college? It was the first week of school, and you were amazed by your sudden independence. Just a few months ago you weren’t allowed to chew gum or loiter in the hallways for more than 2 minutes. But now, your professors weren’t even taking attendance in class!

So when you saw the credit card booth, it was hard to resist. Getting a credit card is another sign of being an adult. And you were desperate to prove how grown up you were. Besides, that towel with the school logo on it was a pretty great bonus. Who can resist a free gift?!

It probably took months or even years for you to realize the high price of that towel. Over time, you racked up so much debt that you can barely stand the thought of opening the bills when they come in. Better to not even know . . . → Read More: Are You Treating Debt Like an Emergency?

How to Get Rid of Debt WITHOUT Living in an RV

get rid of debt without living in an rv

The craze is spreading across America…people selling all their stuff, cramming into small RV’s, and then pretending that it’s the best thing ever…. Really?? I’m sorry, but I think I speak for 95% of the population when I say that I’d rather get rid of debt without living in an RV…

…and it’s entirely possible by the way.

It’s great and all that people across the globe have tackled their debt head on and are willing to drive around a camper to do it. But, RV life isn’t for everyone. So, I’m actually going to steer people away from it in this post.

If you hate traveling, have a family of 5+, or if the thought of camping makes you throw up in your mouth a little, then this write-up is for you.

How to Get Rid of Debt WITHOUT Living in an RV

Let me tell you flat out. . . . → Read More: How to Get Rid of Debt WITHOUT Living in an RV

Stop Paying Hefty Fees When You Invest Abroad

The global economy is in a constant state of flux. Every single day $5 trillion worth of foreign exchange is traded, which absolutely dwarfs the value of trading activity on global markets by a long shot.

Geopolitical uncertainty, economic upheaval, and the actions of currency speculators make it difficult to predict currency exchange rates with any degree of accuracy. Of course, this may not resonate with the average individual – but it certainly impacts each and every one of us.

Globalization ensures that forex rates matter. That’s why overseas investors are particularly sensitive about the state of the economy, how they transfer money, and where they invest it.

Case Study: The United Kingdom Post-Brexit

On June 23, 2016, Britons voted to break from the European Union. This historic referendum set into motion a series of events that would ultimately see the GBP degraded to a 31-year low . . . → Read More: Stop Paying Hefty Fees When You Invest Abroad

My May 2017 Blog Income Report

Another month is over, which means it’s time to report the monies!! How much did this site earn in the month of May??

Within the first few days of the month, I had some fantastic things happen:

My article, “How Much Should You Spend on That?” went viral on Facebook and earned me 5,000-6,000 views in just one day I interviewed with CNBC and they wrote a fantastic article about my debt payoff story, which immediately got picked up by Yahoo! Finance. This was a BIG DEAL.

With the huge pick-up in traffic, my earnings jumped a bit as well. As a whole, I was satisfied with my earnings from last month, but I would have liked to see more of it come from affiliate sales. I think they’re coming, but it just doesn’t happen every month apparently…

My May 2017 Blog Income Report

I never get tired of this . . . → Read More: My May 2017 Blog Income Report

Boom or Bust: Top Things Every U.S. Investor Should Understand About Shale Oil

It’s hard to argue with the observation that the shale oil industry has been a real game-changer in the energy markets. The wealth it has created along with thousands of new jobs makes for impressive reading, but is it a boom to bust scenario?

Here is a look at how the U.S shale oil boom has evolved and how it might affect your mindset and strategies as an energy investor.

Boom or Bust: What You Should Know About Shale Oil

Here’s a brief overview of the shale industry and its impact on the energy sector. Plus, a look at how to interpret what lies ahead for investors and what some of the key indicators for the state of the market are.

Blindsided by Shale

It would seem fair to say that only a handful of people can truly claim to have predicted the extent of the growth and impact that . . . → Read More: Boom or Bust: Top Things Every U.S. Investor Should Understand About Shale Oil

30 Things To Do Instead of Spending Money

Instead of Spending Money

It can be hard to reduce your spending if you love having fun. But entertaining yourself doesn’t have to be expensive, and there are quite a few things that you can do instead of spending money on an expensive concert or dropping $40 for a night at the pub. Instead, here are the top 30 things that you can do without spending a dime! (Extroverts, be sure to thank me in the comments below! :))

30 Things To Do Instead of Spending Money

This marvelous guest post was written by our very own, Kimberly Studdard.

#1. Go To The Park

What better way to get in some exercise and sun than to go to the park? You can even choose a park with a pond so you can relax near the water.

#2. Go To A Free Event

If you love going to the movies or listening to live . . . → Read More: 30 Things To Do Instead of Spending Money

The One Secret to Success That I Absolutely Swear By

one secret to success

“That’ll be $8 please.” I beamed with pride as I collected the money. That was my third shoe rack sale of the day, which meant nearly $24 of pure profit. Not too shabby for a 12 year old!

The One Secret to Success That I Absolutely Swear By

My Dad worked for a local furniture company. There weren’t a ton of perks, but he DID have the rights to some scrap lumber at the end of the day. Not knowing exactly what he’d do with it, he’d find himself taking a dozen or so plywood scraps home with him each day. And as they began to stack up, I started to see dollar signs!

You see, the scraps were rectangular – approximately 30 inches by 10 inches – and were all exactly the same size. I figured that if I put two boards on the sides, and spaced three from . . . → Read More: The One Secret to Success That I Absolutely Swear By

Rental Properties – Are They a Curse or a Blessing?

are rental properties a smart investment

“You’re going to buy a rental property??” …my broke friend exclaimed. “I had a buddy that tried that… The tenants didn’t pay the rent, they trashed the home completely, and he lost tens of thousands of dollars. You won’t see me buying a rental property any time soon.”

More often than not, this was what I heard from people when I let them in on my investment plans a few years back. It wasn’t very encouraging to say the least…and it honestly took some of the air out of my sail for a while…

Are Rental Properties a Smart Investment?

Ignoring all of the “wise advice” from my friends and neighbors, I went ahead and bought a rental place anyway.

So what’s the verdict? Has land-lording been a complete nightmare? Has my rental house been burned to the ground? Or are all of my friends just complete idiots that knew . . . → Read More: Rental Properties – Are They a Curse or a Blessing?

Interest Rates Are Going Up, Should You Refinance Your Mortgage?

“If I refinance my house today, I could save an entire percentage point in interest! It’s a no-brainer, right?!”

Ummm…not necessarily….

Just because you can save 1% on something doesn’t automatically mean it’s a good idea, ESPECIALLY when there’s an up-front cost of doing it.

Should You Refinance Your Mortgage?

Just a few months ago, rates for a 15-year and 30-year mortgage were 2.7% and 3.4%, respectively. Today, since the Fed has decided to raise the interest rates, mortgage rates have followed suit and stand at 3.18% and 3.95%.

So the big question is: With mortgage rates on the rise, should you refinance your mortgage?

Well, just like almost every decision in this world….it depends….

How Much Does It Cost to Refinance Your Mortgage?

So many people go into a mortgage refinance completely blind. They know they can save on interest and that it’s probably the right thing to . . . → Read More: Interest Rates Are Going Up, Should You Refinance Your Mortgage?