Let me quickly make my case. Yes, real estate, by definition, is a real asset. Over time, real assets should appreciate. Therefore, your home should be considered part of your investment portfolio, right? I will first say it “depends”, but almost certainly not.
Example: Let’s say you save for a 20% down payment for a $500,000…
Before we begin, let’s start with the general understanding that money itself has a cost. It sounds strange to those who are not in the financial world, but a dollar borrowed from one source may be more expensive than a dollar borrowed from another source.
If you borrow a dollar from a friend (pay them back-…
Congratulations on admitting you have a problem. That’s step one. The journey to financial health may now begin.
Admit you have a problem-you don’t yet have a grip on your finances.
Take a financial assessment of yourself just like you would a business. Begin with the good old fashioned “Assets – Liabilities = Owner’s…