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Why Your Spending in Retirement May Actually Increase

How prepared are you for retirement? If you assume that your monthly expenses will decrease in your post-working life, then you might be surprised to learn that many retirees experience the exact opposite. Instead, their expenses go up. How can that be? If you pay off your mortgage before retiring then perhaps your monthly budget will be noticeably lower. But, it’s not reasonable to expect your current lifestyle will drastically change in a more frugal direction upon retirement. There are many ways we psychologically approach retirement, but “live as frugally as possible” is likely not part of the plan. Instead, retirees view it as a time to live in well-deserved luxury and relaxation, whether that involves going out to dinner … Read more

The Pros and Cons of Never Buying a Home

by Hank Coleman

As you’ve probably noticed, the housing market has experienced unprecedented sales opportunities over the past several months. It’s gotten to the point where many would-be buyers cannot keep up with the frenetic pace of bidding wars that often lead to homes selling for 10-30% or more over the asking price. But is it ever right to never buying a home? The hot market is likely the culmination of several factors, including ultra-low interest rates, higher-income workers saving a lot more money over the pandemic by staying home most of the time, and a significant shift in consumer lifestyle preferences from chic urban apartments to bigger homes in the less-populous suburbs. Why Never Buying a Home May Be Okay If you had … Read more

Top 4 Easy Steps to Take When Your Budget Fails and Goes Off the Rails

by Hank Coleman

Budgeting can be a challenge for many people, even if you’re good with numbers and diligent about regularly tracking your income and expenses. Sometimes, life gets in the way, and the budget goes out the window, whether it’s due to an unexpected and costly emergency or an extended period of impulsive shopping and overspending. But, what do you do when your budget fails and goes off-kilter? Steps to Take When Your Budget Fails The first step to getting back on track with your budget is by recognizing there’s a problem. Denial can be a powerful defense mechanism against confronting a problem spending habit, so there’s no point in making excuses like “I’ll spend within my means next month” or “It’s … Read more

How much is the Royal Family Worth? – Infographic on Royalty Net Worth

by Guest Contributor

Queen Elizabeth II has reigned as queen ever since, nearly 70 years. In her lifetime, she has achieved it all — power, prestige, and perhaps most significantly, wealth. But, how much is the royal family worth? According to Forbes, the British royal family is now worth over $28 billion; that’s more money than the entire GDP of Iceland. The queen herself is estimated to have a net worth of over $600 million, most of which comes from her investments, jewels, and two castles. The queen may be sitting comfortably, but how about the other members of the royal family? Sit back, pour yourself a cup of tea, and check out our latest infographic to find out the net worth of your favorite royals. … Read more

Top 6 Critical Things to Do When Your Tenants Are Behind on Rent

by Hank Coleman

It’s a tricky situation for landlords and tenants alike when rent is due, and the tenants cannot pay it for whatever reason. On the one hand, many landlords strive to be compassionate, understanding that life circumstances like unexpected medical emergencies or job losses may be causing a tenant to fall behind on rent. On the other hand, being a landlord is not a charity venture; if you don’t receive the rent you’re owed, then you’re stuck footing the mortgage bill for as long as it takes them to repay you. What to Do When Your Tenants Are Behind on Rent Since most cities and states have their own unique tenants’ rights laws and eviction regulations, let’s explore some general options … Read more

Review of RealtyMogul – How to Start Investing in Commercial Real Estate

by Hank Coleman

Are you looking to diversify your investment portfolio? Have you wanted to invest in real estate, but you don’t know where or how to start? Then RealtyMogul might be the site for you. RealtyMogul is an online platform designed to give investors direct access to commercial real estate investments, allowing them to diversify their portfolios and generate strong returns on capital. With RealtyMogul’s user-friendly website and comprehensive resources, you can invest in real estate with confidence, knowing that there’s a dedicated team working hard every day to bring you high-quality deals across the country. With RealtyMogul, you can invest in commercial real estate deals that are vetted by a team of experts. You’ll have access to high-quality properties and the … Read more