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My Irrational Bias Towards Real Estate

01/25/2013

Invest in real estate or stocks? I have this discussion at least once a week with friends and family. My faith in real estate is sometimes irrationally strong. So, I decided to write the pros and cons of owning real estate vs stocks.

All investing is based on attitude. Most of us treat our home purchases very differently to how we approach investing in stocks. The reasons are obvious. Homes are an emotional purchase (however, investing in real estate should never be emotional) and stocks are not. Here are some reasons why real estate has been a better investment than stocks for most people...Read More

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Refinance First Before Leaving Your J.O.B.

01/18/2013

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A friend at work has been engineering his exit from the corporate world for many years. He was planning never to be chained to a desk anymore and was looking forward to being an entrepreneur. His biggest expense is his
mortgage. His mortgage rate was influenced by his secure employment of 12 years and he enjoyed a very low interest rate. After he left his secure full time job, he had asked the bank to refinance his mortgage. He was
surprised when the first document the bank asked for was his proof of employment and a recent pay stub.
This is the criteria the bank uses to dermine stability and risk. This got me thinking! If you are planning to exit
a secure and stable employment (by choice or voluntarily) in order to pursue your dreams of entrepreneurship, you should first plan for the following...Read More

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Renting is OK only If...

01/11/2013

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Renting is OK. If you do not know what to do with your life, have a lot of debt, or are not sure whether you want to live in one place for more than five years, then renting is the way to go. The return on rent, however is always 0% every month. The chances of increasing your net worth are far higher with homeownership or purchasing multiple properties. Let me show you some examples.

When it comes to investing, everything is relative...Read More

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2013 And Chasing Goals

01/10/2013

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The beginning of the year is the perfect time to set new goals and review existing goals. I am currently reviewing my 2012 goals and creating new goals that are important to me and my family. All my goals will no longer make me miserable. What I mean by this is that if a goal makes me miserable as I approach my destination, then it is not really a goal worth having. I want to feel good more than I want to check accomplishments off my list. I want to feel good more than I want to please other people. I want to feel good more than I need to look good. The journey toward the goal is ...Read More

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Habits And The New Year

01/02/2013

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The beginning of the new year is usually filled with so much promise, anticipation and optimism. It is a time for renewal and the start of new habits. t’s been well publicized how difficult resolutions are to keep, but that does not mean that you should give up on them. The new year presents an opportunity for change and there are particular things you can do to sustain the changes you would like to make. Starting a new habit is not difficult. Sticking to a habit is not as easy. The biggest reason people fail at creating and sticking to new habits is...Read More

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My Irrational Bias Towards Real Estate

Refinance First Before Leaving Your J.O.B.

Renting is OK only If...

2013 And Chasing Goals

Habits And The New Year

Who is TWF?

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