When it comes to tax return filing, do-it-yourself methods sometimes lead to costly mistakes. As the tax deadline slowly approaches, this is a good time to consider some common mistakes and how to avoid them. Many freelancers and self-employed people will face a larger amount owed to IRS due to the deadline extension. Saving on the paid taxes is a good way to improve your cash flow. Systematic … [Read more...]

There is a common misconception that saving as much money as possible will bring the most happiness and life satisfaction as possible. However, this is not the case. In fact, savers might have the wrong focus. Financial freedom is the key to happiness and satisfaction. It is important to consider a number of things before you dedicate your life to saving for things, one of the most important being … [Read more...]

For landlords, rental properties draw small margins, so it's important to set the rent at a proper price. The best place to start is to scope out other rental properties in the neighborhood to determine a competitive starting point. Then, landlords should use online tools to compare their property to others. Certain properties and areas will have small pockets of higher-priced housing, so … [Read more...]

A new study that was conducted by ATTOM Data Solutions has revealed that approximately 14.5 million residential properties within the US were considered equity rich. Only 3.6 million were considered to be underwater. This means that US homeowners are actually four times more likely to have an equity rich property compared to one that is underwater. It is important to note, however, that these … [Read more...]

Although the pandemic has been quite harrowing on the majority of US families, there is one important positive that has come out of the national crisis. American families are officially saving more now than they have in a 39-year time span! This may be a win when it comes to added preparation, but economists fear that the sluggish spending associated with these high savings levels could wreak … [Read more...]

Many novice investors are under the impression that a recession is not the best time to start investing. Contrary to this belief, a recession can be the ideal time to make some of the best deals. Unfortunately, the kicker is that these deals are not highly secure during this time. Since we have been in a seller's market for the past decade, investors can expect a large shift in their investing … [Read more...]

When working in real estate there a few types of deals to consider for making partnerships that can be advantageous to your goals. You can have an active partner where both parties are working towards a similar goal filling in each other's weak spots. You can get a loan partnership where the other party puts up the money for you to do the work. Another solid partnership is an equity deal where … [Read more...]

According to Richdad the world is on the verge of an economic collapse. For years he was sure that the global economy would fail before the federal reserve kept things going by introducing quantitative easing. He say this method was a cop out and just prolonged the inevitable which he says is happening right now. He feels that the Covid Crisis while not a conspiracy is just a smoke screen for … [Read more...]