Are you interested in buying rental property for additional income? I have been thinking about making a purchase like this for quite some time and am nearly ready to pull the trigger. For the past year or so, I have been researching and planning for a single-family home purchase. After all of my time and planning, I have an excellent handle on what it takes to find the right property that will earn me the best income immediately and for many years in the future.
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About Derek Sall
Give Yourself Small Rewards While Paying Off Debt
Are you currently in the process of paying off debt? It's not easy, is it? Let me include you in on a little secret – that's how you know it's worthwhile. Nothing in this life that is worth doing is easy, and paying off your debt certainly counts as one of these challenges. But, hang in there and you will soon be debt-free and living a carefree life with more laughter than you can imagine.
[Read more…] about Give Yourself Small Rewards While Paying Off DebtHow to Prepare For a Rainy Day
I'm sure you have heard of the idiom that we should all prepare for a rainy day, right? Do you actually know what it means to prepare for a rainy day? For most of you, the underlying meaning is obvious, but to be completely honest, it wasn't always that clear to me. Until I was about 20 years old, I thought this literally meant that you should have some cash stashed away so you can still do something fun when it's raining outside. Am I just stupid? Maybe. But it just goes to show you that even a supposed financial guru doesn't always understand the simplest of things. So, let's dig into the real meaning of what it means to prepare for a rainy day and why we should do it!
[Read more…] about How to Prepare For a Rainy DayHow to Avoid Student Loan and Auto Loan Debt When Everyone Else is Doing It
Time Magazine released an article last month titled, “Americans Are Taking on Debt at Scary High Rates,” and I couldn't agree more. It was probably about a year ago that I realized the shift was happening. People were no longer talking about how they were coupon clipping or saving money on gas. Nope, the shift had happened. It was 5 years since the infamous downturn and it seemed like people were starting to forget. Saving money was no longer cool and the shiny car was again a strongly desired product for many. Now, in 2015, the media was beginning to notice as well.
[Read more…] about How to Avoid Student Loan and Auto Loan Debt When Everyone Else is Doing ItHow to Cut Your Monthly Expenses
Are you trying to cut your monthly expenses? At first, this task can seem overwhelming, but it is possible for almost anyone to cut some expenses out of their budget. You just have to know where to look.
[Read more…] about How to Cut Your Monthly ExpensesYour Credit Score Is More Important Than You Think
I am completely debt free. I own my car, my house, and I have absolutely no student loans. I never plan to borrow another dime in my life, but I still worry about my credit score. Initially, this might seem like an odd statement, but your credit score is more important than you might think. It is used for far more than just getting a loan on a car or house. In fact, there are four great reasons to keep your credit score as high as possible.
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