Is buying investment property a wise idea? Is it the best way to build wealth? Is rental property really ‘risk averse’?
Generation X has some problems—and not just their own. Perhaps the biggest one of all is that this group has everyone else’s problems too!
Change may be a given, but even when we know it’s for the better, shifting our own thinking can be quite a challenge.
The fact is, all that financial “news” means absolutely nothing to the normal investor. Sure, the play-by-play changes in the stock market may make a difference to the day traders—at least for the day. And yes, the clicks on CNN’s website will make a difference to some marketing genius’s commission check. But for anyone investing for the long term, none of it matters. It’s just noise.
What most couples don’t realize is this: the mathematician in the house is getting a pretty raw deal.
By being mindful of your debt-to-income ratio and leveraging your expendable income wisely, you really can start building your wealth now.
Keeping a lid on spending can be a challenge—especially when we’re constantly inundated with marketing that is designed to lead us away from those conscious, conscientious decisions.
“Tapering” will allow those awash in ‘cash’ to put their money back to work without shocking the system. The combination of demographics and historically large amounts of cash on hand will blunt most inflation pressures caused by a ‘normalizing’ of the interest rate environment.
Here are a couple thoughts to consider for your tax planning.
College is expensive! Getting a head start by funding a 529 plan is a smart way to fund your child’s future. It’s an incredible gift that keeps on giving.