Want a Guaranteed 129% Return On Your Investment? Do this…

If you have a mortgage, you should take a few minutes to study your amortization schedule. You might be surprised to see how powerful prepaying your mortgage might be. In fact, prepaying your mortgage may provide a 129% return on investment. To see how this might be, we have to work through a few numbers.…

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How to Get Everything You Want to Buy for Free

    Black Friday is a crazy day. We get up extremely early, we wait in crazy long lines and then we wrestle products away from other shoppers…all to save 20 or 30% off the purchase price. The crazy part about this one day is you can actually arrange every purchase to get it for…

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A $15 Monthly Mortgage Payment?

The typical first time buyer does what everyone else does. They get preapproved and start looking at homes that match their criteria. Once they find and fall in love with a home, they happily purchase the home and start their long future of making monthly mortgage payments. These mortgage payments consume a significant portion of…

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“The first ______________ is a bitch.”

Over the last year or so, I’ve been reading a few pages of Charlie Munger’s book, “Poor Charlie’s Almanack” every week. This is the type of book you take in a little at a time as you swirl the lessons around your life. As you hopefully know, Charlie Munger has been Warren Buffett’s partner for…

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Wealth, it’s all about that…

There is a popular song playing on the radio now that I’ve grown to hate. I’ve heard it over a hundred times and it drives me nuts. The song is by Meghan Trainor and the title is “All About That Bass.” I’m sure you’ve heard it, a few dozen times by now. Well, I’ve rewritten…

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The Number ONE Rule for Investing

Warren Buffett is famous for saying the number one rule for investing is to never lose money. He went on to say the 2nd rule for investing is to always remember the first rule. After thinking about Buffett’s rule for several years, I have come to realize he means to try and find investing opportunities…

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Trapping yourself in wealth

This morning I woke up and sat down to continue reading “Family Fortunes – How to Build Family Wealth and Hold Onto It for 100 Years” by Bill and Will Bonner. This really is a fantastic book highlighting the differences between old money and new money. It really is an eye opener and definitely worth…

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Short-Term vs. Long-Term Thinking?

Do you think long-term, or short term? Before you answer this question, take a second and define what “short-term” and “long-term” means to you. How many years into the future is short-term? How many years into the future is long-term? Most people would define short-term as the next 3 to 5 years and long-term as…

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