Opportunity cost has been given little to no attention in retirement planning circles. This is unfortunate because it’s a real thing that can cost you dearly. It is crucial that you understand opportunity cost. Once you do, it will totally transform the way you handle your major capital purchases. The way you spend your money is as equally important … (Read more)
First, one needs to know that ALL mortgage rates that have low-fixed rates (FHA, VA, Rural Development and Conventional) are driven by the daily trading of mortgage-backed securities. These mortgage bonds trade on the Chicago Board of Trade. This is very similar to how stocks trade on the NASDAQ and DOW. Just like stock prices, … (Read more)
A few months back, I had the opportunity to interview (Listen to Interview Here) William Beach from The Heritage Foundation’s Center for Data Analysis. Specifically, William and I discussed the recently released Index of Dependence on Gov. You can read the Report for yourself HERE A few facts below that I found very disturbing. The percentage of people who do not pay federal … (Read more)
I recently read a friend’s Facebook post on the topic of paying one’s mortgage off early. His post on his FB page is below: ”I’ve heard alot of young people trying to pay down their mortgage asap. Typical advice is to only do this if you don’t think you can earn interest higher than your … (Read more)