Archive | Debt

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PeerStreet Review: Low-Risk Real Estate Investing

Happy Thanksgiving, everyone! Here’s a review I recently wrote that I haven’t shared with subscribers yet. I’m investing on the PeerStreet platform and really like the user experience and returns so far. It’s similar to Lending Club but for real estate. It’s for accredited investors only at this point so not everyone can invest. But if […]

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Debt-Free Retirement

6 Steps To A Debt-Free Retirement

Imagine a life free of obligations to anyone. Sounds great, right? That may never come true when it comes to family, friends, and work life. But you can choose to be free of obligations to banks and lenders by being debt-free. The temptation to borrow is ever-present in our society. Some retirees choose to be […]

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10 Life-Altering Money Moves You Can Start Today

Very few decisions during your time on this earth actually change the trajectory of your life. After a party in 2007, I scanned the huge Evite email list to try to find a woman I met there. Then I ‘stalked’ her on Facebook and asked her out. We have three kids together now. Though truly […]

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Are Extra Mortgage Payments Smart When Your Interest Rate Is Low?

If you own a home, you might be contemplating how extra mortgage payments may or may not fit into your overall financial plan. As is with all personal finance choices, your mortgage payment strategy is personal based on many factors. You don’t find many people who paid off their mortgages and regret the paid off debt. […]

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The More You Own, The More It Weighs You Down

This money post references Sunday’s Game of Thrones Season 7, Episode 4. You don’t need to be a viewer to appreciate the personal finance lesson. However, if you aren’t caught up on your episodes and want to stay in the dark, this is your spoiler alert.   Season 7 of Game of Thrones is here […]

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Never Regret A Paid Off Debt

Over the years, I’ve been indebted many times for one reason or another. Mostly car loans and a few mortgages, but sometimes personal loans too. After college, my parents lent me $5,500 to buy a used Mazda. The interest rate was better than a traditional car loan so I was grateful to take the deal. […]

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That’s Not Our Dream House Anymore

My Mom and her sisters used to take me and my cousins on house tours. We’d visit city mansions and historic homes that were preserved for viewing or opened to show off antiques and interior designs. I loved walking through the old homes. I remember exquisite stone exteriors and unique customizations like hidden doors, secret […]

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Build Income Streams In Case You’re Fired!

One striking revelation from the presidential election process this year was the sharp contrast between people who think the U.S. is in pretty good shape and those who feel the country never recovered from the last recession. Politics aside, the U.S. is in its 89th straight month of economic expansion. The longest post-World-War-II economic expansion […]

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Eliminate Car Payments From Your Life (And Never Go Back)

If you want to get serious about taking control of your financial life so you can build wealth, it’s time to eliminate car payments. Car payments are a persistent nag on the lives of many U.S. consumers. But they don’t have to be, and shouldn’t be even with super-low interest rates. Because they crush your monthly […]

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List Of Debt-Free S&P 500 Companies

  How much debt is on the balance sheet? That’s one of the first questions I answer when I’m evaluating a stock. Companies borrow money for a myriad of reasons including to launch business lines, fund acquisitions, fund operations, and sometimes to fund distributions to shareholders. Smart MBAs sit in office suites and perform elaborate spreadsheet […]

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Should I Refinance My Mortgage Again?

I’ve owned real estate for almost ten years. Over that period I’ve refinanced my rental property twice and our primary residence once so far (I found the lowest rate at LendingTree. Saved me a ton of money). I’ve been thinking, should I refinance my mortgage again? Refinancing is a hassle. But it has saved me tens of […]

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Not Everybody’s A Spreadsheet Wizard

Ever since I was a young boy, I’ve played the gridded sheet. From Lotus down to Excel, I know all embedded cheats. But I ain’t seen nothing like him, in any corporate suite… That deaf, dumb and blind kid sure types a mean spreadsheet! * Many RBD readers have an obsession with spreadsheets, often creating ridiculous ones at the office […]

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Cash Flow Suffering? Change Shit Up!

Cash flow is the all-powerful financial tool. With it, you build wealth. Without it, you tread water. Maybe you consider yourself better than average with money. You take pride in elaborate spreadsheets you created while pretending to do work at your 9-5. At times, you’ve skipped meals for the sole purpose of saving money. You […]

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Is It Smart To Use A Home Equity Loan To Invest?

Interest rates have been at low levels for quite some time now. Money is still cheap. The big banks are eager to lend money, but they’ve raised their lending standards since the banking crisis of 2007-2009. They prefer debt to be collateralized making a home equity loan an ideal product. The rates are hard to […]

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