Starting a business during retirement is a positive way to stay busy and maintain your mental health. The new adventure will help retirees manage their newfound free time. Also, these businesses can help alleviate any stress that people may have about their financial future, since the extra income can help out with unforeseen expenses. Finally, starting a business when retired helps people keep … [Read more...]

A lot of people claim 401K's are the answer to financial freedom in retirement. What you might not know is how much money is spent from Wall Street to lobby congress into pushing these on people. You have to opt out in many cases when your employer is automatically putting a portion of your paycheck in these plans. These have the potential to lose a lot of value. It also limits you from having … [Read more...]

There are several growing metro areas in the United States that have attracted a large amount of renters, and these numbers are nonetheless still continuing to grow. Incoming data reveals the top 7 metro areas in the U.S. that have seen the largest growth in rent over the last five years. These areas are, from the least growing to the most growing, are Phoenix, Arizona, Las Vegas, Nevada, Atlanta, … [Read more...]

It's common for business owners to have a 401(k) retirement plan, but that may not always be the best case. It goes against conventional wisdom, but a 401(k) will never allow business owners financial freedom. By allocating company funds to a qualified retirement plan, there is more risk involved since the economy is unstable and businesses will be left without potential funding. Instead of … [Read more...]

You must protect your assets through a business listing, like an LLC or corporation. This is because we live in a society that's sue-happy, and will look to milk every penny out of you for any slight wrongdoing. Also, insurance alone won't cover the cost of any lawsuit, as it is only meant to be an initial defense. Finally, you'll need to understand the regulations involved in shielding your … [Read more...]

Many people want to quickly pay off their house to avoid paying excess interest decades down the line. One technique to achieve this rapid payoff is through Velocity Banking, where a home equity line of credit replaces a traditional mortgage, and can be paid off in under a decade. While this strategy has worked for some, it is also riskier due to variable interest rates and increased monthly … [Read more...]

Though the housing market dipped 6.4% in March to April, there has not been decline in the market that had been predicted. The Wall Street Journal reported that even though the economy is shrinking and jobs and businesses are disappearing the housing market is still remaining steady. Listing prices are still seeing an increase of about 3.1% in May. But wait, that is listing prices and not … [Read more...]

Attorney-client privilege protects an attorney from having to provide information to a plaintiff in a lawsuit or to a government agency. However, there are situations where it doesn't apply. If a third party is present during discussions, the privilege becomes compromised. It's possible to extend attorney-client privilege to professionals hired by the attorney, but generally speaking, outside … [Read more...]

Velocity Banking is fairly similar to Infinite Banking. Infinite Banking is where you use a life insurance policy essentially as your bank account. Velocity Banking in contrast is using your home mortgage as your virtual bank account. Velocity banking allows you to pay your home off faster while also allowing you a line of credit for making purchases or investments. It's a pretty unique trick for … [Read more...]