For almost a decade personal investors have used Lending Club as a staple to diversify their portfolio as an Alternative Investment. Reviews written between 2010-2015 would always boast about their strong returns. But is it still worth it today? Read my Lending Club Review before making your decision to invest here or not.
It’s easy to want financial freedom but difficult to visualize how to get there. Find out where in the 5 stages towards financial freedom you are in today and read what helped me personally through the different stages.
There are many reasons and benefits for why people collect things. From personal pleasure to social interactions with fellow collectors. From wanting to have a connection to history to nostalgia of a memory from the past. There are even health benefits from stress reduction to just having a sense of joy in the learning collections can bring. The cherry on top, is understanding that there are some collections that can build wealth and even help diversify your long term investment profile.
Do you find yourself wondering if your savings are on track for retirement? Measure against a benchmark by age and income to see if you are saving enough for retirement in your 401k and retirement accounts.
Like most cash flow investors, reading Rich Dad Poor Dad is either a prerequisite or inspiration into starting your quest for financial freedom. I’m going to start my book review series with the financial and life lessons I learned from Robert Kiyosaki.
Emergencies are unpredictable and unavoidable. The older you get the more you realize the last emergency was actually not the last. Understanding this cycle and being prepared is meant to help you and your dependents. Learn why for new parents building an emergency fund is so important and how my recent experience taught me to even tweak my original strategy.
Rent prices prices in 2015-2016 in NYC made it near impossible to purchase an investment property while you rent. The NOI on an investment property just did not yield enough to tip the balance in your favor of also paying rent for a large home that was safe enough to raise a child. However, for someone starting out in real estate and not wanting to purchase an investment out of state just yet, one strategy that we choose was to purchase a property with the intent to rent out but live in first. This strategy allows you to be more patient and see where the market heads but still be in the game. For our situation, purchasing a rental property before primary residence worked for us for 3 main reasons.