Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. Is it better to borrow $300,000 for a home purchase and keep Your Money Invested? Let’s compare the two scenarios. Assumptions You have $300,000.00 invested in the market You have sufficient cash to put down 20% Targeting a property worth no more than $500,000.00 Mortgage interest rate assuming worst case today: Seven Percent Scenario 1: Cost of Mortgage Loan Details: $300,000, 7% ...
Read MoreDisclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. U.S. ECONOMY - WOBBLING LIKE A GAME OF JENGA The U.S. economy is like a high-stakes game of Jenga. While the FED is the maestro of the game, they do NOT control all the blocks! The nation's economic stability relies on a delicate balance of various factors represented by individual Jenga blocks. Each reflects ...
Read MoreIn the 1987 movie, Wall Street, actor Michael Douglas as Gordon Gekko, said, "Greed, for lack of a better word, is good." The reality is greed wrecked our economy causing the 2008 Real Estate and Stock Market recession! Greed may put some Kodak Company executives in prison for alleged insider stock trading. So, let’s replace the word greed with LEVERAGE. Leverage/Debt is a powerful tool, when SMARTLY utilized in real ...
Read More2020 WAS THE RIGHT TIME TO INCREASE MY REAL ESTATE PORTFOLIO BY $1 MILLION
COVID - 19 has drastically reduced tax revenues while also increasing the expenditures of: Cities, Counties, States and the Federal Government. So what are the plans to close the Billions in gaps? Look in the mirror! Politicians tend to stick to their tried and true option of RAISING OUR TAXES. In anticipation of high taxes climbing and the escalating violence in some cities; thousands of homeowners are fleeing the highest ...
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