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Trying to figure out if you should rent or own your next home? We have answers.
It’s important to look at some of the history of the real estate market and consider your options.
If you look at home values over the last 60 years you’ll see cyclical ups and downs in the real estate market. We all painfully remember in 2006 when the market slid down. The industry not only crashed it decimated much of the housing market throughout the United States.
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For many people, buying and selling a home is the single largest financial decision they will make.
You know that homeownership can, over time, give you greater financial stability.
But where do you begin when you’ve decided you are ready to buy or sell? It all begins with finding a knowledgeable Realtor®. Read on for the important characteristics your next Realtor® should have.
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Have you ever heard – or used – the phrase, “I’m covered at work?” It comes in handy for putting off meetings with your Certified Financial Planner™. But if you’re serious about Phase II: The Accumulating Wealth Phase, you probably know already that you should never take cover under clichés. And so it is with retirement. You should have an IRA even if you’re in an employer plan.
If that sounds like overkill, consider the following . . . .
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In Phase I: The Foundation Phase, Step 4, Pay Off All Consumer Debt, we explore the various ways to pay off debt and just as important, why you need to. One of the most compelling reasons to get out of debt is simply that debt is not your friend.
That may sound like a vague generality, or even a point that’s beyond obvious. But given the fact that it has become a cultural norm in America to walk peacefully with debt, this is a topic that deserves far more consideration than it normally gets.
If you can fully embrace the reasons why debt is so toxic, you might be able to accelerate your efforts to pay it off . . . .
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While trying to move into Phase 2: The Accumulating Wealth Phase, you may find it difficult to accumulate wealth with your current income alone. If this is the case, you may find that using a side business to fund your retirement – or even to pay off debt – improves your chances of success in reaching your goals.
A side business offers you an opportunity not only to increase your income, but also to create other options in your life. And in order to accumulate wealth, options are something you will most definitely need.
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