Helping the Elderly Make Complex Financial Decisions

Today, consumers have better access to financial services than any previous generation. Up until the 1960s, the cost of essential services such as housing and education were much lower than today. Combined with a smaller income gap and booming industrial sector, financing large expenses was not as essential as it is today. In 1971, Richard […]

Is Becoming a Landlord Right for You?

Many people consider renting out property as a steady, passive income stream. After you purchase the property, you find tenants and wait for them to pay your mortgage (if any), then enjoy your extra profit. While being a landlord can be lucrative, it’s not for everyone. Beyond the initial investment of purchasing a home, you […]

Cohousing: An Affordable Option or Utopian Dream?

Picture a walkable community, where everyone knows each other, people come together for community activities, and neighbors help each other with home projects. This dream is neither a small town nor a cult commune, but rather cohousing, where communities are often located just outside of big cities. In a previous post, we discussed moving abroad […]

5 Red Flags of Real Estate Investments

Today I’m hosting a post from Jennifer Riner of Zillow.  I’ve already got one investment property but I’m always looking for another Investing in rental homes proves quite lucrative for smart investors who diligently vet out potential properties prior to making offers. But not all investments turn out profitable, especially for first-time buyers unaware of […]

Reader Question: $300,000 to Invest: What Should I Do?

I received an interesting question in my inbox the other day from one of my readers. I’ve edited it a bit but it went something like this: PF Pro. I’m 30 and I have very inconsistent income but when I do make money it’s usually a lot. I made $50,000 the last two months but […]

5 Things You Need to Know Before Becoming a Landlord

Many people view real estate as an excellent source of passive income. Once you put up your initial investment – in other words, once you buy your rental property – all the rest is just gravy when your tenants start writing you a rent check every month. While some people have had significant financial success […]

Depreciation is My New Best Friend

I just submitted my taxes and it felt good. The sense of accomplishment this year was especially gratifying because I got a lot of money back. Normally if you get money back it’s because you didn’t do a very good job of calculating your estimated withholding. But 2013 was the first year I got to […]

Diversify Everything

Whenever I hear someone get really excited about their latest investment, I tend to think the worst.  It’s not that I don’t want that person to succeed but I usually worry they’re making a big mistake.  Any time I see a friend buy a house, I wonder if they spent more than they can afford. […]

What is a Mortgage Calculator?

The decision between buying or renting a property is a tough one.  There are lots of factors to consider but for a lot of people it ultimately comes down to the financial sense of it all.  You can look at buy vs rent spreads all you want but if you only plan on living in […]

Pros and Cons of Refinancing Your Home Mortgage Loan

Gary Dek is a former investment banker and private equity analyst. Don’t hate him – he had nothing to do with the mortgage crisis and the recession. He writes at – check out his site sometime. There are excellent reasons for refinancing a home, but before deciding to do so, homeowners should be aware […]

How Age and Personal Finance Affects Home Preference

The following article is a guest post.  If interested in submitting a guest post, please read my guest posting policy and then contact me. Buying your own property is probably as big a decision as getting married is for most people. Well, not as important, but it’s definitely up there. Anyways, what I’m simply trying to say is […]

Should I Buy a House Now While Interest Rates are Still Low?

Over the past few years, many articles I’ve read have repeated the same mantra: “Now is the time to buy real estate.”  Interest rates were low and they couldn’t go any lower, whoops, they did.  Since purchasing my condo in 2010, I’ve re-financed twice due to mortgage interest rates dropping and although we’re getting closer […]

Valentine’s Edition of Weekend Reading

I decided not to write a Valentine’s Day article this year since they’re pretty ubiquitous around the web right now.  But if you’d like to read about some ways to save money on Valentine’s Day, check out my article from last year.  I love celebrating Valentine’s Day, but I definitely do it my own way. […]