DO YOU NEED A WILL? READ AND FIND OUT?

Photo by Melinda Gimpel on Unsplash Many of you may have heard Aretha Franklin, left an ~$80 million estate and DID NOT leave a will. You also may recall Prince, died without a will, leaving behind a ~$200 million estate. And both of these singers’ estates will continue to earn royalty income for decades. It’s up to the court’s to decide who gets what. In reality ~55% of people WHO ...

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IS IT TOO LATE TO BUY- FANG {FACEBOOK, AMAZON, NETFLIX, GOOGLE} STOCKS?

Last week reader’s question- is it too late to invest in FANG? My Response- {Keep reading}, DO YOUR RESEARCH, but it is not too late. Lets start by defining “FANG”. I believe Jim Cramer created this acronym. It stands for Facebook, Amazon (many ask why not Apple), Netflix and Google (which changed it’s name to Alphabet to emphasis the company is multi-dimensional). How often do you use the above four companies? ...

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CASH IS LIKE MANURE- YOU HAVE TO SPREAD IT AROUND TO MAKE YOUR INVESTMENTS GROW!

I have recently read several articles stating cash is awful. It concerns me so much, I am willing to make the ultimate sacrifice and take that EVIL cash off your hands. Just mail that evil paper money to me! In reality, we use cash to buy assets that hopefully will increase in value AND beat inflation. Every investment I have made (good and bad), came from cash - home ...

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QUESTION AND ANSWER: DO YOU RECOMMEND HAVING MINIMUM OF 20% DOWN PAYMENT (AND AVOIDING PMI PAYMENTS) PRIOR TO BUYING A HOME?

Recently, a reader asked the above very good question. I am providing a brief summary response and then more details. SUMMARY RESPONSE {DETAILS BELOW} The key decision point is NOT how much you put down. The best and safest move is to put 20% or more down if you can afford the TOTAL HOMEOWNERSHIP COST, discussed in detail below. Paying 20% or more as a down payment avoids paying Private Mortgage ...

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THE NEED FOR MULTIPLE STREAMS OF CASH FLOW

Click on Today's Blog Quick Video Summary https://biteable.com/watch/embed/multiple-streams-of-income-1922859 MULTIPLE STREAMS OF INCOME on Biteable. Last week we discussed the criticality of finding good mentors. One of my favorite mentors taught me the value of this week’s topic- Multiple Streams of Income. My Uncle, a public school teacher in NC, {NC, my home state, pays educators well below national average.) through hard work developed the following multiple income streams: Teacher’s Salary; Cash From 31 ...

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IS IT A GOOD IDEA TO PAY YOUR MORTGAGE OFF EARLY?

If you have purchased a home, congratulations! I am confident you did your research and made a GREAT investment. Let’s discuss pros and cons of paying off that worrisome 30 YEAR mortgage early. My opinion, if you can afford to pay your mortgage off early, do it. I have paid one off early and in the process of paying two more mortgages off early. For me at least, I sleep better! Let’s ...

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MOM, DAD, CAN YOU SPARE $250,000…..PLEASE!

When my daughter was born 25 years ago, I needed over $100,000+ to pay for her education. That was a lot of money than and now. Fortunately, I read about an education savings tool, the Custodian - UTMA/UGMA, which I used to invest for her education and minimize taxes. I invested 50% of my savings into Apple shares. Those investments, coupled with the good careers my ...

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