L.A. City Council backs minimum threshold for evicting tenants behind on rent
Under the proposal, a tenant would have to owe more than one month’s fair market rent before they could be evicted. It will need a second vote next week.
Under the proposal, a tenant would have to owe more than one month’s fair market rent before they could be evicted. It will need a second vote next week.
Bo Palazola got his first real estate listing with just a couple of weeks in the business. His first year, he managed to sell over $20 million in volume. On today’s podcast, Bo shares how he started so that listeners like you can go from real estate rookie to real estate rockstar. Tune in for actionable tips that will help you take your business to the next level.
I want to retire early with 1 million dollars. That statement has a nice ring to it, huh? I don’t think I’ve worked with a client yet that didn’t want to retire early, or wouldn’t be ecstatic if they had a $1 million portfolio. But as most of us already know, $1 million isn’t what […]
The post GF¢043: [Case Study] Can You Retire Early with Only 1 Million Dollars? appeared first on Good Financial Cents®.
Hold onto your hats, folks. It’s rant time!
Based on what I’m hearing on Facebook, Twitter, and in real life, it’s time for a refresher course on the difference between investing and speculation. Although these two concepts share some commonalities, they’re very different things.
Let me start by telling a story, one I’ve told many times before. It’s the story of the worst “investor” I’ve ever known: me.
Before my financial turnaround, I didn’t really understand what the stock market was for. I viewed it as a sort of casino, I guess. I believed investors gambled on individual stocks and hoped that they’d outperform the rest of the market.
So, that’s what I did. I treated the stock market as if it were a casino. I’d pick a stock, put all my money into it, and cross my fingers. I took risky gambles hoping to strike it rich.
Unsurprisingly, I lost a ton of money.
I wasn’t investing; I was speculating. I was gambling. I was trying to pick winning cards at the casino. But that’s how I thought the stock market worked.
After writing at Get Rich Slowly for a while, my viewpoint changed. As I became better educated, I realized that the stock market is not a casino. It’s a marketplace. It’s a tool that allows people to buy shares of businesses. (This is obvious, but trust me: Most people don’t understand this.)
When I buy a piece of one business, I’m taking on the risk associated with that business. We hear all the time that most small businesses don’t survive seven years, right? Well, even big businesses go under. Even big businesses lose money. There’s always risk associated with owning a business.
In the world of investing, “risk” is the probability that you’ll lose money. (There are many types of investment risks, by the way.) The notion of “return” is fundamentally tied to the concept of “risk”. The greater the risk — the greater the chance you’ll lose money — the higher your potential returns (gains) are.
One difference between investment and speculation is the amount of risk involved. When you put your money into something with minimal risk, you’re investing. When you put your money into something with high risk, you’re speculating. Like I said at the start, there are plenty of commonalities in the two actions — but the element of risk is a huge differentiating factor.
One way to mitigate risk is to own pieces of several businesses. Owning many businesses is even better. This practice is known as diversification. Diversification reduces risk. It allows you to enjoy the profits and benefits without getting screwed when one business goes under. This is investing. Putting all of your money into one stock and hoping that it increases in value is speculation.
Homebuyers facing affordability challenges are turning to ARMs to reduce their monthly payments as mortgage rates have more than doubled.
Today weâll check out âHomenda Mortgage,â a mortgage lender that works exclusively in the state of California. While that might appear limiting, note that the Golden State alone accounts for about 20% of national home loan volume. Honing in on just one state also allows the company to be laser-focused and better organized, with less… Read More »Homenda Mortgage Review: A Hassle-Free Home Loan with $0 Lender Fees
The post Homenda Mortgage Review: A Hassle-Free Home Loan with $0 Lender Fees appeared first on The Truth About Mortgage.
My wife and I have been shopping around lately trying to find a good deal on a lower rate for our home mortgage. We’re currently sitting at around 6.5% with our 30 year fixed rate mortgage. We bought our house right before the real estate bubble burst, so the market was at its highest. Our […]
The post Rates Are Low. Is It Time To Refinance? Our Refinance Story appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
The United States policy on maternity leave can be a touchy subject among families, and especially women. Unlike all other wealthy countries, many of which mandate weeks and months of paid leave for natural and adoptive mothers and fathers, the U.S. mandates no such thing.
In fact, the last movement toward maternity fairness in the U.S., the Family and Medical Leave Act of 1993 (FMLA), included a provision mandating 12 weeks of unpaid leave annually for mothers of newborn or newly adopted children. Twelve weeks doesn’t sound so bad, but that unpaid part can sure sting.
We all know that babies are expensive, but it isn’t just the cost of diapers that adds up. It’s also the cost of maternity business attire while you continue to work, your health insurance deductible for the delivery, the cost of bottles and formula, and the crippling bills associated with quality healthcare once that baby is born. When you consider all of those expenses together, it becomes quite clear how easily having a baby can end up being a four- or five-figure investment.
Watching Television doesn’t have to be expensive, and you don’t have to pay for Cable TV. Here’s how to watch TV for free when you have no cable or satellite tv.
The post Ways To Watch TV Without Paying An Arm And A Leg For Cable Or Satellite appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
This article is in partnership with Credello. You can probably get through your life pretending to understand everything about debt—fake it till you make it, right? But much like high-heeled Crocs, that’s not really necessary. Get answers to all your questions about debt that you’re too embarrassed to ask your financial advisor boyfriend about because […]
The post 4 Things About Debt You’re Confused About but Too Embarrassed to Ask appeared first on Making Sense Of Cents.