According to the National Association of Realtors, approximately 5.51 million existing homes were sold in 2017. While many of these homes were undoubtedly purchased to house the buyer's own family, others were certainly flipped or turned into income properties. If the thought of residential real estate investing excites you, you're definitely not alone — but you need to be smart about it. In order to ensure that your investment is a truly sound one, you'll want to follow these three “musts” before you sign on the dotted line.
Archives for August 2018
The Two Types of Financial Optimism
I’ve frequently written about how savers are losers. And it’s true. In an economy that runs on debt and thrives on inflation, there is nothing more financially dangerous than thinking your savings will provide a secure financial future.
Well, almost nothing.
The optimism bias
A new report issued by bankrate.com reveals something even more financially ignorant than relying on savings—thinking you don’t need any savings at all.