View Your Tenants As Guardians Of Your Rental Property
If you have a rental property that is generating positive cash flow and is expected to appreciate in value over time, then you must...
Don’t Sell Your Rental Property If You Don’t Have To
If you own a rental property and are thinking of selling, don't do it unless you absolutely have to. To build great wealth, aim...
Having Cash Could Make You Poorer In Many Ways – Be Careful
During a recent liquidity crunch, I kept thinking how nice it would be to have more cash sitting in my bank account. Once I...
The Grind Back To Financial Independence: Early Stages Complete
In the second half of 2023, I significantly impacted our passive income, causing our household to technically lose its financial independence. Prior to this,...
The Challenges Of Living And Working In Honolulu, Hawaii
After taking my family on a nine-day vacation to Honolulu, Hawaii, my plan to relocate there is back in the cards! Since 2014, two...
The Most Important Personal Finance Ratios To Build Wealth
As an investor, understanding financial ratios is important to help assess the current state of a company. For example, we have P/E ratios, debt/equity...
Buy The Dream Home Now Or Wait For A Better Price
A large part of building wealth involves delaying gratification. Therefore, you might find yourself wondering whether to buy your dream home now or wait...
From Part-Time To Full-Time Fatherhood: A Tricky Transition
When my son was born in April 2017, I promised to become a full-time father until he turned five. I was so serious about...
Letting An ARM Reset Is Similar To A Free Mortgage Recast
If you bought a home during a high-interest rate environment, it's wise to prepare for either a mortgage refinance or a recast. Interest rates...
No Rush To Pay Off Your Adjustable-Rate Mortgage Before Reset
During my days of purchasing homes with mortgages, I had a fondness for adjustable-rate mortgages (ARMs). The appeal lay in securing a lower interest...