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Dave Ramsey Comments On My Post About His New House, His Debt Philosophy And Giving

January 30, 2023 by Brett Tams

Dave Ramsey recently built a new house and paid cash for it. I wrote about it, and a discussion quickly started, which Ramsey himself added to. Here’s a further discussion of what he had to say.

The post Dave Ramsey Comments On My Post About His New House, His Debt Philosophy And Giving appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Posted in: Money, Money Tips Tagged: 2, All, ask, before, big, build, building, Built, business, Buying, car, Christianity, clear, closing, color, Commentary, cost, Credit, credit cards, data, Dave Ramsey, Debt, decision, Ethics, Family, Financial Wize, FinancialWize, foundation, fund, General, Giving, good, great, hold, home, house, How To, Income, items, journey, kids, learned, legacy, Life, Lifestyle, Live, Local, Make, making, Making Money, man, men, mobile, money, Money Matters, More, Mortgage, mortgage debt, natural, net worth, new, office, Other, Personal, points, poor, Prayer, present, pretty, Purchase, Raise, rich, right, second, shares, stewardship, story, tax, Tennessee, title, tools, trusts, Twitter, value, wants, wealth, will, working, wrong

10 Tips to Making (Healthy) Groceries Budget-Friendly

January 30, 2023 by Brett Tams

Welcome to the first of a six-part collaboration between Mint and Brewing Happiness. I’m Haley, the girl behind Brewing Happiness – a blog about celebrating the small healthy choices we make in our lives, complete with recipes for everybody! As a food blogger, I know a thing or two about how expensive healthy food can

The post 10 Tips to Making (Healthy) Groceries Budget-Friendly appeared first on MintLife Blog.

Posted in: Budgeting, Food Budgets, Liefstyle Tagged: 2, 2022, All, app, Apps, at home, author, before, best health food, best healthy foods, big, Blog, Budget, budget eating, Budgeting, budgets, building, Choices, collaboration, color, containers, cooking, cost, couple, Credit, data, Deals, Debt, dining, dining out, Easter, eating healthy for cheap, eating out, expense, expenses, expensive, Family, Finance, Financial Freedom, Financial Planning, Financial Wize, FinancialWize, food, food budget, Food Budgets, foodie, foundation, freedom, friendly, frugal, frugal grocery budget, fruit, fun, good, great, groceries, grocery, grocery bill, grocery budget, Grocery Shopping, grocery stores, guide, habits, Halloween, Happiness, healthy, healthy eating, healthy food, healthy recipes, heat, home, household budget, Housing, How To, Income, interview, inventory, items, kids, kitchen, layout, Learn, Life, list, Live, low, Main, Make, making, meal planning, meal prep, Mint, mint.com, mobile, money, More, net worth, new, new year, Other, parents, party, Personal, personal finance, plan, Planning, prep, Recipes, resolutions, restaurants, sales, save, Saving, Saving 101, second, shopping, shopping list, shopping tips, single, skill, Spending, stock, stress, Style, survey, time, tips, title, Transportation, united, vacations, white, work

The Best Neighborhoods in Cincinnati for Renters in 2023

January 30, 2023 by Brett Tams

Best Cincinnati neighborhoods in 2023

The post The Best Neighborhoods in Cincinnati for Renters in 2023 appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Posted in: Extra Income Tagged: 2023, Amenities, apartment, Apartment Living, apartment tips, Architecture, arts center, Blog, bohemian, Children, city, Commercial, company, country, dining, Eagle, estate, Family, farm, Financial Wize, FinancialWize, foundation, freedom, friendly, garden, great, green, guide, home, homes, Housing, Live, market, More, Move, museum, Music, needs, neighborhoods, Other, playground, Popular, ready, Rent, renters, restaurants, School, schools, second, shopping, student, The Neighborhood, tips, unique, victorian, Victorian homes, washington, will, wood, young

Pupils can win big in Sowetan SA Home Loans School Quiz – SowetanLIVE

January 30, 2023 by Brett Tams

Pupils can win big in Sowetan SA Home Loans School Quiz  SowetanLIVE

Posted in: Savings Account Tagged: All, author, big, bonds, building, city, color, company, Competition, country, education, engagement, Financial Wize, FinancialWize, foundation, fun, Giving, goals, Google, government, home, home loans, Housing, Loans, Main, News, opportunity, Other, parents, principal, quality, sales, School, schools, second, space, student, teachers, tuition, widget, will, young, young people

How to get started with real estate investing

January 29, 2023 by Brett Tams

Today’s article is from Chad Carson, who writes about real estate investing (and other money matters) at Coach Carson. I’ve always been intrigued by real estate investing but overwhelmed by how much info available. I asked Chad if he’d be willing to write an article that would help me (and other GRS readers) understand the basics of real estate investing. This is the result.

I got started in real estate investing right after college. Because a young adult can basically sleep in a car if he has to (my 1998 Toyota Camry with cloth seats was comfortable), I had little to lose by launching a business. Unfortunately, as a Biology major, I also knew very little about business or real estate. But I did know how to hustle and to learn. That helped.

Slowly, I learned to find good deals and to resell them for a small markup of profit (a.k.a. wholesaling). I also learned to buy, fix, and flip houses for a bigger profit (a.k.a. retailing). After a few years, my business partner and I began keeping some rental properties because we knew that was the path to generating regular, passive income.

While my early business might sound like an exciting HGTV house-flipping show, it’s not for everyone. I experienced radical ups and downs of cash flow, and there were many unpredictable outcomes. I learned a lot being a full-time investor, but there are actually easier ways to get started.

Most investors I know started with a full-time job. They became valuable at their job, earned good money, lived frugally, and started boosting their saving rate. With their extra savings, they began buying rental properties on the side.

I’m not saying you shouldn’t begin as a real estate entrepreneur like I did — you’ll know if you’re called to make that leap — but if you currently have a non-real estate job and you’re saving money, you’re already going down the easiest path.

The next step is to learn how to invest that money profitably and safely. I personally think real estate investing is one of the best ways to do that. I’ll show you why that’s the case in the next section.

How to get started with real estate investing

Why Real Estate Investing? Because It’s Ideal!

I’ve yet to find a better way to describe the benefits of real estate than this. All you need to remember is the acronym I.D.E.A.L:

  • Income. The biggest benefit of real estate is rental income. Even the worst rentals I find produce more income than a portfolio of other assets like stocks or bonds. For example, I often see unleveraged (no debt) returns of 5-10% from rental income. And with reasonable leverage, it’s possible to see these returns jump to 10-15% or higher. The dividend rate of the S&P 500, on the other hand, is only 1.99% as of 1/24/17. And the yield on a broad basket of US bonds as of the same date was only 2.41%.
  • Depreciation. Our government requires rental owners to spread out the cost of an asset over multiple years (27.5 years for residential real estate). This produces something called a yearly depreciation expense that can “shelter” or protect your income from taxes and reduce your tax bill. (For more about this, check my article The Incredible Tax Benefits of Real Estate Investing over at Mad Fientist.)
  • Equity. If you borrow money to buy a rental property, your tenant basically pays off your mortgage for you with their monthly rent. Trust me: Having somebody else pay your mortgage is a beautiful thing! Like a forced savings account, your equity in the property gets bigger and bigger over time.
  • Appreciation. Over the long run, real estate has gone up in value about the same rate as inflation, roughly three to four percent a year. Combined with the three benefits above, appreciation can produce a very solid long-term return. But this passive style of inflation is not the whole story. Active appreciation is even more profitable. You get active appreciation when you force the value higher by doing something to the property, like with a house remodel or changing the zoning.
  • Leverage. Debt leverage is readily available to buy real estate. This means your $100,000 of savings can buy five properties at $20,000 down instead of just one property for $100,000. Interest on this debt is deductible, so you also save on your taxes. (While this can be helpful, keep in mind that leverage also magnifies your losses if things go bad.)

These IDEAL benefits are core reasons to invest in real estate. But as a Get Rich Slowly reader, I think you’ll appreciate another core real estate investing benefit: control!

Controlling Your Financial Destiny

How to get started with real estate investingI love J.D.’s message here at Get Rich Slowly: You are the boss of you! You can apply this lesson to so many parts of life, but it especially applies to your finances. Real estate investing fits very well with the GRS philosophy. Why? Because real estate gives you much more control than other more traditional investments.

I’m also a fan of low-cost index fund investing, for example, but do you have an impact on the returns of your stock portfolio? Not really. The 3500+ managers of the companies owned by the VTI total stock market index fund do impact your returns, but not you personally. You simply control when you buy, how much you buy, and when you sell.

But with a rental duplex, for example, your decisions directly affect its profitability (for better or worse!).

  • You can buy in certain neighborhoods and ignore others.
  • You can negotiate with your bank, with the seller, and with your vendors to get better prices.
  • You can choose the property manager and the types of tenants who will ultimately produce the returns for your investment.

If this prospect of control excites you, then keep reading. But if your palms are clammy at the idea of hands-on investments, just focus on a different vehicle. That’s okay. There are options for everyone in this big investing universe!

To make things manageable, we’re going to break things down a little. As a baby, you learned to walk by taking tiny steps. You also fell down a lot, but with a diaper four inches from the ground, what’s the harm?!

Well, you’re no longer a baby. Financially you do have a lot to lose. Your family, your hard-earned savings, your plans for financial independence, and your pride would all suffer if you made bad investments.

I get that. And that’s why we still need to take safe, baby steps. There’ll be plenty of time to run and grow faster once you’re more confident. But in the beginning, just strive to move forward steadily.

The seven baby steps below provide a simple path to follow. I’ve taken each of these steps personally. You can use them as a blueprint to help you move forward with your own real estate investments.

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Our Wealth Can Put Us At A Disadvantage

January 29, 2023 by Brett Tams

For those of us living in the western world, we don’t have to worry very much about the necessities of life. We’ve got a lot of wealth, but can our money get in the way of a relationship with God?

The post Our Wealth Can Put Us At A Disadvantage appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Posted in: Money, Money Tips Tagged: 2, air, All, Built, car, Christianity, city, Clothing, country, couple, data, driving, Financial Wize, FinancialWize, food, foundation, gift, Giving, good, great, hold, home, Life, Live, Make, man, money, Money Matters, More, needs, Other, poor, poverty, present, protection, retirement, rich, safe, Saving, Saving for Retirement, School, school district, security, Sell, sleep, Spending, states, title, united, vacation, wall, wants, wealth, will, wrong, young

17 Best Work From Home Jobs: A List Of Legit Online Jobs That Pay Well

January 29, 2023 by Brett Tams

Here’s a list of some of the best work from home jobs that are legitimate and that pay well. Time to ditch the 9 to 5 to work an online job!

The post 17 Best Work From Home Jobs: A List Of Legit Online Jobs That Pay Well appeared first on Bible Money Matters and was written by Marc. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Posted in: Making Money, Mortgage Tips Tagged: 2, Advertising, after college, All, Apps, art, at home, Blog, Blogging, blueprint, build, building, business, Buy, car, Careers, chance, Cities, Clothes, codes, College, color, commission, commute, company, craigslist, customer service, Dads, data, design, developer, Economy, education, Employment, Entrepreneurs, entry, existing, expectations, experience, Extra Money, Facebook ads, Family, Fees, Financial Wize, FinancialWize, first job, flipping, foundation, freelance, freelancers, front, fun, fund, gas, General, get started, good, Graphic, great, helpful, Hiring, home, home office, house, How To, How to Make Money, ideas, impact, improvement, Income, industry, Instagram, Insurance, internet, items, job, job market, jobs, Jobs And Work Life, Jobs Income, jump, Learn, Legal, list, lists, low, LOWER, maintenance, Make, Make Money, making, Making Money, market, Marketing, Medical, mobile, moderation, money, Money Matters, More, natural, new, offer, offers, office, Opinion, opportunity, organization, Other, Personal, Pet, pinterest, portfolio, products, programs, quality, questions, Recruiting, Regulatory, remote workers, Research, Review, right, running, Salary, sales, save, Save Money, scams, School, search, search engine, selling, shares, Side Hustle, Side Income, simple, Sites, Small Business, Social Media, students, teachers, teaching, Technology, thrift, time, time management, traditional, Travel, Twitter, under, VA, Video, virtual, virtual assistant, walking, Ways to make money, Websites, will, work, work from home, work from home jobs, work out, workers, working, working from home, Yard

What Type Of Insurance Does A Freelancer Need

January 29, 2023 by Brett Tams

It’s easy to assume that your primary insurance needs as a freelancer will be some type of liability insurance to cover you in the event you run into an issue with a client, but that shouldn’t be your only concern. In all honesty, as a freelancer, you are 100% the business, and without you, nothing […]

The post What Type Of Insurance Does A Freelancer Need appeared first on Good Financial Cents®.

Posted in: Banking, Insurance Tagged: 2, 2021, AAMS, Accredited Asset Management Specialist, action, advice, advisor, affordable, agent, All, Amount Of Money, apple, author, Auto, auto loan, before, beneficiary, Benefits, Blog, Blogging, blue, book, business, Career, Careers, cents, chance, cleaning, color, commission, custom, data, Debt, Disability, disclosure, Discounts, documentary, dream, Economy, entry, errors and omissions insurance, expenses, expensive, experience, Family, Featured, Finance, Financial Advisor, Financial Freedom, Financial Wize, FinancialWize, foundation, freedom, freelance, freelancers, gap, General, gig, Giving, good, Google, green, Grow, guest, guest post, health, Health Insurance, healthy, home, How To, Illinois, Income, industry, Insurance, insurance agent, Invest, investment, kids, lawsuit, Learn, Legal, Life, life insurance, life insurance payout, Lifestyle, list, Live, living expenses, loan, LOWER, Main, Make, market, mindset, Mistakes, money, More, Mortgage, needs, new, opportunity, Other, paycheck, Personal, personal finance, planner, Planning, podcast, policies, politics, poor, pretty, protect, protection, Purchase, Rent, Research, retirement, Retirement Planning, Review, right, science, SEC, self-employed, Sell, selling, shopping, simple, Small Business, space, spouse, stock, stock market, stress, surgery, term life insurance, The Stock Market, time, trust, wealth, wealth management, will, work, work from home, working, wrong, youtube

Freddie Mac CHOICERenovation Mortgage Review

January 29, 2023 by Brett Tams

Freddie Mac has just launched a new renovation loan product known as the “Freddie Mac CHOICERenovation Mortgage.” While the name is a bit of a mouthful, the offering is expected to be more liberal than their existing plainly named Renovation Mortgage. The new loan program will go head-to-head with similar offerings from Fannie Mae (HomeStyle… Read More »Freddie Mac CHOICERenovation Mortgage Review

The post Freddie Mac CHOICERenovation Mortgage Review appeared first on The Truth About Mortgage.

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How I Went From College Dropout To 8-Figure Entrepreneur

January 29, 2023 by Brett Tams

Hello! Today, I have a great personal story to share from Stephen Somers. You may remember Stephen from his past guest post How to Quit Your Job & Build An Incredible Side Income on Amazon. Enjoy! Winston Churchill once said “success consists of going from failure to failure without loss of enthusiasm.”  My career as […]

The post How I Went From College Dropout To 8-Figure Entrepreneur appeared first on Making Sense Of Cents.

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