Hi Boomer! Donāt you hate it when something you hoped wasnāt true, is true?Ā Me too.Ā Boomer, allow me to inform you ofĀ what’s true about my tech skills: Iām a dinosaur.Ā To maintain control of BoomerMoneyandMore.com,Ā and to keep the siteĀ sustainable, Iāve got to master these techĀ skills.Ā As such, I am taking a hiatus while … [Read more…]
Boomer, letās be honest.Ā You know I didnāt do a good job planning my retirement life.Ā True, Iād planned my finances. I’d planned to travel. Ā ButĀ I never plannedĀ how Iād replace: the ready-made social life work gave me; the purpose and meaning that work gave my days; andĀ the structure that workĀ gave to my day, which … [Read more…]
The takeaway:Ā Real Estate Investment Trusts (REITs) let you own commercial real estate.Ā You don’t have to be a real estate mogulĀ to play with the bigĀ “boys.” $$$ Fifty-five years ago, my parents purchased their dream home for $63,000.Ā Today that house sells for $800,000.Ā That’s a return rate of 5% a year.Ā During this … [Read more…]
The takeaway:Ā You can dramatically increase your real estate investment returns by using leverage, which will leave precious funds availble for other uses.Ā However, using leverage on the wrong investment can destroy your returns and have dramatic consequences.Ā Choose wisely, Boomer.Ā Ā $$$ Hey, Boomer! It was a crisp evening in Fall 2020Ā I was in … [Read more…]
When I started my career, I had to share an office with Paul. Ā Trust me, Boomer. Ā In a million years, I’d have never thought Paul would beĀ a role model for the purpose-filled retirement. Ā Whenever I’d ask, it was clear Paul hadn’t a clue what he’d do when he retired. When the big day arrived,Ā we gave … [Read more…]