5 Money Myths You Should Stop Believing – The tenets of personal finance are simple enough to grasp: earn money, save money, track spending and invest wisely, but things can also get really complicated. That’s because “personal finance” encompasses literally hundreds of interrelated topics, each requiring significant study to even discuss intelligently. The topic of Tax itself is so complex that practitioners have to specialize in subsections of the tax code.
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You have a lot of options to get your stuff from one place to another and from what we found, there is no perfect option. Doing everything yourself is a monumental task but having someone else handle things can become expensive quickly. In the end, we opted for a hybrid moving model, wherein we handled some tasks ourselves and hired out others. A lot of what you will decide will depend on how fast you want to move and what you are personally willing or capable of accomplishing alone.
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The best real estate teams are comprised of an experienced buyer’s agent, an organized lender or mortgage broker and you, the motivated buyer. This power-triad sets the table for the quickest and easiest real estate acquisitions. In a seller’s market, if your real estate agent can’t get ahold of the lender, you will lose properties to faster buyers. In fact, a well coordinated buyer/lender team will be in daily contact until you get an offer accepted. They know that a concerted effort for a short amount of time is more profitable than a lackadaisical approach that could stall the buying process for months.
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Attaining a high income, however you interpret that, can seem very important. Your level of compensation is often a direct reflection of your education, hard work and experience – though
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Buying houses is stressful even at the best of times, but in a super competitive real estate market, just finding a house, any house, to buy can feel overwhelming. The first time we tried to buy a house in the competitive Denver metro area we ended up building one instead.
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if car insurance protects your car, home insurance covers your house and health insurance is for your medical expenses, what does private mortgage insurance (PMI) insure you against? Nothing, actually.
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In this article I will explore some of the most impactful budget adjustments and, using a some of Financial Samurai figures, examine the best ways to save money even in an expensive city like San Francisco
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The best businesses have always prioritized their customers above all else. But over the last few decades, as the improvement of the internet has allowed a lot of the competition to become globalized, and has magnified the opinions of the dissatisfied, it has never been so clear that client-care is the lifeblood of successful business.
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For the adventurous, one of the best ways to attain F.I.R.E, is to retire abroad, at least part time. Depending on where you prefer to reside, a significant change in expenses can translate to a much higher standard of living than you might otherwise be able to afford.
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Most people don’t make well-informed decisions; they mean to, but they don’t. In general, people are much more likely to make decisions based on speculation, their feelings or a hunch, than to base decisions on hard data. Even well-meaning people who set out to be informed, can get bogged down by the sheer preponderance of information (and misinformation) they have to wade through.
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There are numerous, readily apparent benefits to working from home: the ability to design your ideal work environment, avoiding a long commute and the increased freedom, just to name a
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There are typically two schools of thought when it comes to the prospect of owning a rental property: It’s either a no-brainer, or inherently a nightmare. It’s not surprising that
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Although the mastery of something is one of the most difficult, and consequentially one of the most rewarding pursuits, there is good news: mastery is also largely overrated. Adhering to some simple principles and developing discipline prove far more valuable.
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The idea that typical American home owner should pay down mortgage debt rapidly is nothing new. The sentiment certainly makes sense at face value; by eliminating your mortgage payment you free up a huge chunk of cash. You also no longer have to pay the bank interest, which must feel incredibly liberating. However, there are also significant problems with strategies that prioritize rapidly paying down your mortgage, namely “opportunity loss,” which complicate the issue.
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How to access retirement funds early, without being penalized. Investing for your retirement can actually be pretty easy to get right. However, the rules governing retirement accounts are often anything but straightforward. In my previous role at the investment firm I work for, I assisted hundreds of alternative asset investors working with “self-directed” IRA accounts. These investors are typically savvier than the average 401k holder, even they are often unclear about the rules determining contributions, and perhaps more importantly, how they can access funds early and without being penalized.
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