I have been watching my pennies all year and have a plan to pay off my mortgage by the end of 2014. “Why on earth would you do something so crazy?”, many people ask. Well, I really don’t like debt and it sends chills up my spine just thinking about having a mortgage and business debt as well. I would much rather get rid of my large debt before I take on another one, even though it is technically for investment purposes.
My Plan for 2014 and Beyond
The plan is pretty basic to start out. I want to figure out how cheaply I can live in order to get rid of my mortgage debt by the end of December. All the while, I will be looking at investment properties for the 2015 season.
My friend Mike just shakes his head at my crazy ideas and doesn’t understand why anyone
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At this moment, my dad is retired and my mom will be retiring in the next 20 days. They have some money stashed away in their retirement account, but if they happen to live for another 20 years, their money will almost certainly be long gone.
Since I live and breathe finance, my dad started asking me questions about what they should do with the money that they do have. “Will the stock market crash soon? Should I put my investments in something other than stocks and bonds? What is a good hedge investment that will allow me to keep my money over the next 20+ years?” These are all great questions, but to be honest, nobody can answer them with 100% certainty (not even me!).
My Best Advice For My Dad and Mom
While my mom and dad were hoping that I had the magic answer of what they
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What if you could invest in real estate and earn an additional $1,000 a month without investing any additional money? That’s right, what I am about to teach you is how to take absolutely no extra money out of your bank account to purchase a multiplex and earn cash flow that you never had before. This isn’t a hoax, but it isn’t all that simple either. Plus, you will definitely have to change your lifestyle.
How to Buy That Multiplex
I have been thinking about this for some time now, but have not yet pulled the trigger on it. I am not a big fan of debt (that is the understatement of the century by the way – I despise debt), so I have been aggressively paying down my mortgage loan on my house. Since I knew that I wanted to get rid of my debt as soon as possible,
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Most of the articles on this site will have you fixing cars or waitressing, which is hardly beyond the capacity of your imagination. Sure, they could make you an extra thousand dollars a month, but you have to continue working in order to collect that thousand on a continual basis. What if you could earn over a thousand dollars a month in passive income? You wouldn’t have to work 60 hours a week (with a day job and part time job), but you could still earn some very good money.
I stumbled on this idea just the other day. One of my main goals is to pay off my house by the end of next year, but it just doesn’t seem to be happening fast enough. If I sold my house today, I could probably get $125k for it and there’s only $55k left on my mortgage. That means I
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I was fresh out of college, earning a mere $16 an hour with over $20k in debt. My income paid for the rent, some food, and the minimum payment on my debt. This was not the life I was dreaming of.
For many students, it is almost assumed that life will be rosy and easy after college. Companies will almost seek you out just because you have that piece of paper. The average salary seems to be about $50k and the good life begins. For many, this is just not the case. I have seen many of my friends apply for jobs all over the U.S. with no luck of landing any of them, which inevitably forces them to go back to work at their high school or college job. This is often in retail or the restaurant industry, and it is there that they feel stuck for life. Wages
Continue reading When I First Made an Extra Grand Per Month