Real Estate investing is one of the more common investments people make, particularly people in the Military. Either out of necessity, or perhaps perceived value, people generally find themselves as home owners at one point or another. As one gains experience, there is a natural tendency to want to find additional real estate commitments. I will talk more about some considerations for your next real estate purchase.
As financial complexities increase and the American calendar is ever-more stretched, the need for prudent financial advice has arguably never been greater. Unfortunately, the umbrella of "Financial Services" is exceptionally wide and perhaps opaque in the services offered. Here are some things to consider.
On the face of it, the FIRE concept is pretty simple...save a bunch of money when you are young, accumulate enough so you don't have to work anymore, and then live out your years in "leisure". Turns out, there is a bit more to it than that.
Spend Plans and their evil cousin - Budgets - are not the most favorite topic for either Financial Planners or their Clients. In most cases, however, both Financial Planner and Client have to give monthly spending a good look as Client Income is typically the rocket fuel for Net Worth growth.
At Resilient Asset Management, we have developed a simple 5-Step System to assist our Clients with estimating their Life Insurance needs.
Each year, the Journal of Financial Planning publishes an article entitled "Personal Finance Year in Review". The article contains a bevy of interesting and useful information.