The takeaway: Real Estate Investment Trusts (REITs) let you own commercial real estate. You don’t have to be a real estate mogul to play with the big “boys.” $$$ Fifty-five years ago, my parents purchased their dream home for $63,000. Today that house sells for $800,000. That’s a return rate of 5% a year. During this … [Read more…]
The takeaway: You can dramatically increase your real estate investment returns by using leverage, which will leave precious funds availble for other uses. However, using leverage on the wrong investment can destroy your returns and have dramatic consequences. Choose wisely, Boomer. $$$ Hey, Boomer! It was a crisp evening in Fall 2020 I was in … [Read more…]
When I started my career, I had to share an office with Paul. Trust me, Boomer. In a million years, I’d have never thought Paul would be a role model for the purpose-filled retirement. Whenever I’d ask, it was clear Paul hadn’t a clue what he’d do when he retired. When the big day arrived, we gave … [Read more…]
Want to retire smart and happy? Me too. I retired on a Thursday. On Friday, I left for a two-year travel adventure. It was a heady time. A time I spent years preparing for financially. But once it was over, it was really over. I needed something that would sustain me here at home. I … [Read more…]
“If I’d met Nancy instead of Karen 30 years ago, I wouldn’t be divorced. And I’d definitely have more money.” “Why?” I asked. “Because Nancy and I work as a team. We want to invest in our future. Karen just wanted to spend our money. The more we made, the more she spent. She always … [Read more…]