When it comes to choosing a mortgage, one of the most significant decisions homeowners face is whether to opt for a fixed-rate mortgage or an adjustable-rate mortgage (ARM). While fixed-rate mortgages offer the comfort of predictability with a consistent interest rate throughout the loan term, ARMs provide flexibility that can be appealing, particularly for those…
Should you max out your 401k? It’s an intimidating idea. Before jumping into why you should max out your 401k, let’s step back. If you are under 50, you are allowed to contribute up to $22,500 to your 401k. This does not include employer contributions. It is also the 2023 limit. There are other nuances…
Every business, no matter how large or small, can be compared to a lemonade stand. This simple concept has been the foundation for teaching my son, who is now 7 years old, about money. Ever since he was 4, he has been setting up his lemonade stand, and over the years, it has grown more…
We love to read to our kids and teach them to read. (Admittedly, my wife does a much better job of it than I do, she’s great actually). There are several go-to books that I love to read them. Dr. Seuss’ “Oh The Places You’ll Go” is actually the first book I read to my…
Imagine a financial strategy that can lower your monthly mortgage payments, save you thousands in interest, and bring you closer to the dream of early retirement. Mortgage recasting is a powerful tool that can help you achieve financial independence faster. In this article, I’ll explain mortgage recasting, explaining what it is, when and why you…
Please teach your kid personal finance. The school system barely does. I have not dissected anything since high school. I have not used calculus. Trigonometry and Geometry have added no value to anything in my life. But I have borrowed money, saved money, made money, spent money, and invested money. We all do these things…
I am a firm believer in spending the right amount of money. I focus on price per use to determine the right amount of money to spend on something. My style on the journey to Financial Independence Retire Early is not to be frugal or minimalist. Instead my style is to identify what something is…
